Australia’s ‘booming’ medicinal cannabis trade on track this year to quadruple 2022 sales

As market nudges $1bn, industry report calls for government to replace current criminalised model with a regulated adult-use approach

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The medicinal cannabis business is booming", with Australian sales likely to have quadrupled in the past two years, according to a new report.

The annual Cannabis in Australia report released by the Penington Institute, a research organisation that promotes harm reduction approaches to drug use, shows the money Australians are spending on medicinal cannabis products is on track to reach $1bn by the end of the year.

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