Australia Legal Cannabis Market size was valued at US$ 51.8 Mn in 2020 and the total revenue is expected to grow at 32.7% through 2021 to 2027, reaching nearly US$ 375.7 Mn.

Australia Legal Cannabis Market Report Overview

The forecasting process primarily hinges on the analysis of historical data alongside current trends in the Australia Legal Cannabis Market. This comprehensive data collection employs a blend of primary and secondary research methodologies. The report encompasses vital components such as market size, share, regional analysis, dynamics, CAGR, and future trends. This holistic approach renders the report an invaluable guide for investors, as it offers an insightful and forward-looking perspective on the Australia Legal Cannabis industry.

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Australia Legal Cannabis Market Report Scope and Research Methodology

The report presents historical data and forecasts on a global, regional, and country level, delivering an in-depth examination of Australia Legal Cannabis market trends within each segment and their respective sub-segments . Maximize Market Research employs data triangulation as the primary research methodology, encompassing an evaluation of how data variables impact the Australia Legal Cannabis market, data mining, and validation via primary sources such as industry experts.

The analysis of complex Australia Legal Cannabis industry data has been presented in straightforward language within the research report. SWOT analysis was leveraged to outline the strengths, weaknesses, opportunities, and threats for key players in the industry. To estimate the market size, a bottom-up approach was employed.

Australia Legal Cannabis Market Regional Analysis

The report provides a detailed analysis of the Australia Legal Cannabis market dynamics, Government initiatives and stringent rules and regulations influencing the market in each region. A detailed analysis of the market in North America, Asia Pacific, Europe, Middle East and Africa and South America are included in the report. 

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Australia Legal Cannabis Market Segmentation

The Australian legal cannabis market is expected to increase with the help of the hemp segment.

With 84.9% of all sales in 2020, the hemp category dominated the Australian legal cannabis industry. The increase can be attributed to the growing prevalence of conditions like epilepsy and other sleep problems, as well as the growing popularity of hemp-based goods because of their numerous health benefits, like hemp CBD and supplements. In Australia, epilepsy has been diagnosed in over 250,000 persons, according to Epilepsy Action Australia. In addition, demand for hemp-based building materials is anticipated to rise in the future due to the expanding use of these products for a variety of industrial applications and the growing desire for green buildings as a result of environmental degradation.

In Australia's legal cannabis market, the marijuana segment is anticipated to develop at the fastest rate during the forecast period. The legalizing and decriminalization of medical marijuana in the nation has led to a shift in consumer behavior toward the legal purchase of marijuana products for medical purposes. This is anticipated to cause a significant decline in the black market. Legalization of cannabis is expected to accelerate market growth due to its potential to increase government income through taxation.

Australia Legal Cannabis Key Players

• Cann Group Ltd.
• Zelira Therapeutics
• Aus Cann Group Holdings Pty Ltd.
• Bod Australia
• THC Global Group Limited
• Althea Group Holdings Limited
• Ecofibre Limited
• MGC Pharmaceuticals Ltd.
• Incannex Healthcare (IHL)
• Creso Pharma (CPH)
• Little Green Pharma (LGP)
• Botanix Pharmaceuticals
• IDT Australia (IDT)
• Zelira Therapeutics (ZLD)
• Emyria Limited (EMD)
• Medlab Clinical (MDC)
• Elixinol Wellness (EXL)
• Neurotech International (NTI)
• Rhinomed (RNO)
• Avecho Biotech (AVE)

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Table of content for the Australia Legal Cannabis Market includes:

Global Australia Legal Cannabis Market: Research Methodology
Global Australia Legal Cannabis Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Australia Legal Cannabis Market: Competitive Analysis

MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

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Key Questions answered in the Australia Legal Cannabis Market Report are:

• What is the expected CAGR of the Australia Legal Cannabis market during the forecast period?
• What are the Australia Legal Cannabis market segments?
• Which region of the Australia Legal Cannabis market is expected to grow at a high rate during the forecast period?
• What is the expected CAGR of the Australia Legal Cannabis market during the forecast period?
• What are the emerging trends in the Australia Legal Cannabis market?
• What are the factors restraining the Australia Legal Cannabis market growth?

Key offerings:

• Market Share, Size, and Forecast by Revenue
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation- A detailed analysis of each segment and their segments
• Competitive Landscape - Leading key players and other prominent key players.

About Maximize Market Research:

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