Following the recent legalisation of cannabis in Canada, market intelligence and strategic consultancy firm, Prohibition Partners, has released one of the most comprehensive reports into the legal cannabis industry – The Oceania Cannabis Report™.

Our first ever report on the Oceania market reveals the region’s cannabis industry is estimated to be worth US$8.7 billion by 2028, representing unprecedented growth rates over the coming decade.

The Oceania Cannabis Report™ provides detailed forecasts on market values, in-depth analysis of regulatory timelines and estimates of consumption across key Australian, New Zealand and other country markets across the Oceania region.

Key findings from The Oceania Cannabis Report™ include:

  • Oceania’s legal cannabis industry could be worth more than US$8.7 billion annually by 2028;
  • The majority of the market value will come from the recreational cannabis market, which is estimated to be worth over US$6.2 billion by 2028;
  • The medical cannabis market in Australia could is expected to be worth nearly US$1 billion by 2024, quickly ramping up to US$2 billion by 2028;
  • Over 20 cannabis companies are now publicly listed on the Australian Securities Exchange;
  • Australia now boasts more than 1,000 registered cannabis patients;
  • Potential patient numbers in the Oceania region could reach almost 400,000 by 2028; and
  • An estimated 1 in 13 people aged 15-64 use cannabis in the Oceania region.

Please find attached a media release of the report. You can download a selection of related media assets for publication. Should you be interested in scheduling an interview or have any questions regarding our research, please let us know.