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 Overview:
This Australia Legal Cannabis industry research provided a comprehensive analysis of the worldwide Australia Legal Cannabis Market, taking into account all critical variables such as growth factors, limitations, market advancements, top investment pockets, future prospects, and trends. The research begins by emphasizing the important trends and possibilities that may develop in the near future and have a favorable influence on overall industry growth.
Market Scope:
The Australia Legal Cannabis market report presents insights into each of the leading Australia Legal Cannabis Market end users along with annual forecasts to 2027. The report provides a revenue forecast with sales and growth rate of the global Australia Legal Cannabis Market. Forecasts are also provided for the market’s product, application, and geographic segments. Forecasts are produced to help people understand the industry’s future outlook and potential.
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Segmentation:
The increase is attributable to rising rates of ailments such as epilepsy and other sleep disorders, as well as increased use of hemp-based products, such as hemp CBD and supplements, for their many health advantages. According to Epilepsy Action Australia, over 250,000 people in Australia have been diagnosed with epilepsy.
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)
The research includes the most recent news and industry developments in terms of Australia Legal Cannabis Market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions, and so on. Among the main companies in the Australia Legal Cannabis market sector are
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Regional Analysis:
The primary goal of this study is to assist the user in understanding the market in terms of definition, segmentation, market potential, significant trends, and the problems that the industry is experiencing across ten key regions.
COVID-19 Impact Analysis on Australia Legal Cannabis Market:
The research details the overall impact of COVID-19 on the Australia Legal Cannabis Market by providing a micro- and macroeconomic analysis. The precise study focuses on market share and size, which clearly depicts the impact that the pandemic has had and is anticipated to have on the global Health Insurance Market in the future years.
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