Legalisation and the Race to Riches

If you’ve been paying attention to much of the buzz around cannabis recently, you would be aware that there’s a lot to gain financially out of opening up the distribution and sale of the plant. Legalisation has driven economic revitalisation in regions all across the United States, notably the state of Colorado.

Australians have yet to take the plunge, but we have dipped our toes. While you may be under the impression that we only care about mining and tourism around here, there have been certain positive developments in the medicinal cannabis industry which ought to be acknowledged and built upon.

The following video explores the cannabis b(l)oom in Australia, exploring the present day challenges and future potentialities for the plant. Check it out:

The Road To Riches

Mind you, the existing players in this game are large corporations, all on contract to the Australian government. It’s a very tightly regulated industry, preventing most from even participating. If such ventures are to be viable into the future, there’s still a lot of work to be done.

The ‘legal’ market has developed its own inbuilt obstacles, since it was designed by political and commercial interests that don’t particularly want to see legalisation occur (cough cough, Turnbull…). As many of the folks in charge have connections to the pharmaceutical industry, full cannabis legalisation ultimately disrupts their market dominance and affects the bottom line of them and their pals.

As of now, legal medicinal cannabis is only available in Australia for people with chronic and terminal diseases. Additionally, finding a medical professional willing to prescribe medicinal cannabis can be quite challenging.

Recommended For You
Welcome to FAB
Recommended For You
Ventilating Your Indoor Cannabis Grow - How To Mask Odours and Stay Cool

On a global scale, we are in the early stages of cannabis legalisation. Australians, with their relatively high technical and specialist skills, could capitalise upon this prime opportunity if the rules and regulations around cannabis were changed early. We could be producing some of the best legal cannabis in the world, right now.

Thanks to the sheer incompetence of our leaders, we already play catch up with the internet. Yet, we invented wifi. Australians are swimming in an ocean of opportunity. With golden soil and wealth for toil.

We should learn from our past mistakes and start early with this one, cashing in upon the abundance that this crop promises. With our spectacular climate, our laid back attitudes, and our national affinity for smoking cones, we are clearly fertile soil for the growth and development of a legal cannabis industry. Let’s take the leap – we would be silly not to.

UPDATE: If this post interested you then you may also like to read about a
New ACT Bill that Would Legalise Possession of Cannabis, and 5 Smoke-Free Cannabis Products You Can Expect With Legalisation.

Sources Cited:

https://www.forbes.com/sites/monazhang/2018/03/13/legal-marijuana-is-a-boon-to-the-economy-finds-study/#6dc4153dee9d

‘The Race To Riches’ ABC Video.

Mitch
Mitch Keys is a young writer from Brisbane, Australia unfolding in a dynamic process of becoming (like everyone else, so don’t go thinking he’s special or anything). He likes being alive.

3 COMMENTS

Subscribe
Notify of
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Liam
Liam
Recommended For You
CrazeCo Crash PM's House With 'Canna Crisis' Peace Offering
1 year ago

Dope video, watched the whole thing

trackback

[…] you’re one of the millions led to believe that cannabis legalisation in Australia is just around the corner, then think again – for not everything is as it appears in the evening news… […]

trackback

[…] to the widespread acceptance of the plant in medical circles by the end of the decade, with federal legalisation of recreational weed believed to only be just around the corner. Today, however, most of us cynically ‘know better’ than that. Our expectations of […]

Oi! Give Us A Follow, Mate!

8,093FansLike
2,625FollowersFollow
143SubscribersSubscribe

Subscribe to our newsletter

Keep up to date with Australia's leading Cannabis Publication subscribe to our monthly newsletter!
(We promise not to spam you!)

Latest Podcast Episode!

00:49:45

Finn Armstrong-Schmakeit on Legalising Cannabis in QLD | The Friendly Aussie Podcast – Episode #21

It's Time to Decriminalise Cannabis Across the Sunshine State! https://www.instagram.com/tv/CDa-h01Jmu-/?igshid=vrze776yb4dz&fbclid=IwAR3T2PWAzi86KnL5EIGqcSoOoJRxA5W4yzgTG9La_EqX1Vo8PT1xqgv5oLA Finn Armstrong-Schmakeit is...

Must Read

PGR: The Toxic Chemicals in Your Marijuana

When we first published this article (June 25th, 2018),...

Buying Cannabis Seeds in Australia: A How-To Guide

This article is part of a series. You can catch...

The FAB Guide to Growing Cannabis Indoors in Australia: 2020 Edition

A True-Blue Indoor Grow So you want to grow some...

Latest Posts

The Biggest Cannabis Producers and Consumers Around the World

In the past decade or so, our pale blue dot has seen several new legal developments concerning the production...

Finn Armstrong-Schmakeit on Legalising Cannabis in QLD | The Friendly Aussie Podcast – Episode #21

It's Time to Decriminalise Cannabis Across the Sunshine State! https://www.instagram.com/tv/CDa-h01Jmu-/?igshid=vrze776yb4dz&fbclid=IwAR3T2PWAzi86KnL5EIGqcSoOoJRxA5W4yzgTG9La_EqX1Vo8PT1xqgv5oLA Finn Armstrong-Schmakeit is a young man running for state parliament in Queensland. He...

FAB REVIEW: Global Hemp Movement’s Hemp-Based Haircare

Reviewing Home-Grown Hemp Hair Products https://youtu.be/gszYwG_cL2Q We met Alexander from the Global Hemp Movement when he travelled to our studio to...

World Domination With @GlobalHempMovement | Friendly Aussie Podcast – Episode #20

World Domination  Avid cannabis enthusiast and entrepreneur Alexander Gorshenin was kind enough to stop by at FAB Headquarters to chat...
1
0
Would love your thoughts, please comment.x
()
x