• April 17, 2021
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  • Australia’s cannabis market valued at $14.8 billion

    LinkedIn

    Figures released by the Australian Criminal Intelligence Commission (ACIC) in their National Wastewater Drug Monitoring Program have revealed just how big Australia’s cannabis market is, and just how much the economy is missing out on by keeping it in prohibition.

    The monitoring program, which commenced in August 2016, “provides leading-edge, coordinated national research and intelligence on illicit drugs and licit drugs“. It analyses wastewater at a number of treatment sites around the country for various substances including cocaine, alcohol, heroin, cannabis, and others.

    Data from the latest report released in late 2020 not only shows that Australians are consuming record levels of cannabis, but can also be used to project the size of the cannabis market.

    Read full article here: https://www.ponderingpot.com.au/national/australias-cannabis-market-valued-at-14-8-billion/?mc_cid=f7efc47377&mc_eid=e2114bb512

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