Cannabis Place is a platform that is answering all of Australia’s questions about cannabis. Australia is playing catch up with the rest of the world when it comes to marijuana. Without the slow organic growth of the industry, there are a lot of unanswered questions about cannabis in Australia.
Is cannabis a drug? Are marijuana and hemp both cannabis? Our team are answering all your questions in an informative and digestable format.
Cannabis place is a platform for all your marijuana Business, Culture, Medical and Legalisation news in Australia and New Zealand. We also go deeper into topics such as “What cannabis cures?” and “The difference between hemp and cannabis” with our informational Learn pages.
Cannabis Place is a group of international writers and enthusiasts that aims to bring Australia up to the world standards for legal Marijuana and Cannabis. From Business, Medicinal, Legalisation and Culture, Cannabis Place is tracking the growth and progress of the Marijuana industry in Australia.
California, a State in America (USA), legalised Marijuana in late 2016 and as of 2018 the Cannabis industry had an estimated market potential of $4.5-5 billion. California has an estimated population of 39.5 Million (2018) and through these numbers Australia is project to create a $1-2 billion industry through retail, import/export and tourism within 3-5 years of legalisation.
Australia is stepping forward and preparing ahead of time with local cannabis companies, such as Elixinol Global (EXL) listing in January 2018 and has a market cap of over $500 million, Cann Group (CAN) listing in May 2017 and has a market cap of over $250 million, Althea (AGH) listing in September 2018 and has a market cap of over $200 million.
These groups are cultivating a new industry in Australia and meeting the demands of local Australian medicinal supplies and exporting to the larger demands of international countries in Asia, America and Europe. Local governments all across Australia are opening up large areas of land in hopes of attracting this growing industry and the appropriate government licensing, as this will boost local economies and create jobs for Australians that are looking to move away from the traditional mining and oil industry.
Where there is smoke there is fire, and Cannabis Place is tracking the Australian industry, medicinal research, local culture and changing impression of cannabis and legalisation in different states for medical patients and future recreation use.