CannabisNews420.com – Cannabis/Marijuana Industry News
Either the author hasn’t been following Australian politics recently, or drinking just a little too much of that kool aid in the form of industry press releases. Australia has a huge black market for recreational at relatively high prices , over complicated and over regulated sets of federal and state legislation and politicians still living the glory days of coal and the war on drugs. There is a very long way to go.
Here’s some snippets from the piece that we’d call unicorn thinking. Unless the Greens start running the country this year don’t expect much to happen under either a Liberal or Labor Govt
Despite these growing pains, Australia’s cannabis industry is coming together. A report from New Frontier Data estimates that Australia’s revenue opportunity is three-quarters of Canada’s $6.6 billion USD with two-thirds of Canada’spopulation.
In the ACC report on marijuana prices in Australia, Queensland and New South Wales reported that 1 mature hydroponic plant was between $2,000 and $5,000. Ever since Little Green Pharma became the first Australian company to locally cultivate, more choices have come flooding in* for consumers.
*Editors note: .. Flooding In ?
Recent initiatives have improved the registration process bringing hope to Australians. During the first 11 months of 2018, the medical marijuana enrollment count reached 2,000. New Frontier Data estimates that Australia could have a count nearing 330,000 by 2025.
Read the article at . https://www.leafbuyer.com/blog/marijuana-prices-australia/