Prohibition Partners (UK) Publish Cannabis Report For Oceania

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.