Australia Legal Cannabis Market to Grow with a CAGR of 22.16% through 2030

Rising investments in domestic cultivation and streamlined regulatory pathways for product approvals, is expected to drive the Australia Legal Cannabis Market growth in the forecast period, 2026-2030

According to TechSci Research report, “Australia Legal Cannabis Market – By Region, Competition, Forecast & Opportunities, 2030F”, the Australia Legal Cannabis Market stood at USD 126.32 Million in 2024 and is expected to reach USD 420.33 Million by 2030 with a CAGR of 22.16% during the forecast period. The Australia Legal Cannabis Market is gaining traction as consumer perception continues to evolve and legislative frameworks become more favorable. Increased advocacy from patient groups, support from medical associations, and a proactive stance by regulatory bodies are contributing to greater public and professional acceptance of cannabis-based treatments. The Therapeutic Goods Administration’s (TGA) decision to reschedule certain low-dose cannabis products has created new momentum in over-the-counter availability, signaling a gradual normalization of cannabis use in mainstream healthcare. Strong political will and ongoing public consultations are shaping a policy environment conducive to long-term market expansion and innovation.

Key market trends include a focus on pharmaceutical integration and the emergence of evidence-based cannabis therapies supported by real-world data. A growing number of clinical trials are being conducted in Australia to validate the efficacy of cannabinoid treatments across a variety of medical conditions, from neurological disorders to oncology support. The industry is also seeing consolidation, as larger players acquire smaller startups to enhance their product portfolios and streamline operations. There is increased attention on sustainability and ethical sourcing, with companies adopting environmentally conscious cultivation practices and transparent supply chains to meet consumer expectations and comply with evolving ESG standards.

Significant growth opportunities lie in the development of personalized cannabis therapies tailored to genetic profiles, allowing for more effective treatment outcomes. There is also untapped potential in the veterinary segment, where cannabis-based products for pets are gaining popularity in overseas markets and could find similar demand in Australia. Expansion into wellness and lifestyle categories, such as hemp-derived skincare and functional beverages, presents another avenue for market diversification. Strategic collaborations with universities, research institutions, and pharmaceutical companies could accelerate product innovation and global competitiveness. As regulatory systems mature and patient awareness increases, the Australia Legal Cannabis Market is well-positioned to capitalize on these emerging opportunities.

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The Australia Legal Cannabis Market is segmented into source, derivatives, cultivation, end use, regional distribution, and company.

Based on the Cultivation, Greenhouse Cultivation emerged as the fastest growing segment in the Australia Legal Cannabis Market during the forecast period. This is due to its ability to offer a controlled, efficient, and scalable method of cannabis production. Unlike traditional outdoor cultivation, greenhouse environments provide optimal growing conditions, allowing for year-round production regardless of external weather conditions. This controlled setting ensures consistency in crop quality, which is crucial for maintaining high standards in the legal cannabis market. Greenhouses also enable the implementation of advanced agricultural technologies, such as automated irrigation and temperature control, which further improve yield and reduce operational costs.

Based on the Region, Victoria & Tasmania emerged as the fastest growing region in the Australia Legal Cannabis Market during the forecast period. This is supported by strong regulatory leadership, investment in cannabis production infrastructure, and a growing patient base. Victoria was the first Australian state to legalize access to medical cannabis, setting a precedent for regulatory advancement and patient inclusion. Since then, the state has become a center for cannabis innovation, with an increasing number of licensed cultivators, manufacturers, and research institutions operating across the region. Government support in Victoria, including funding for clinical research and export-ready cultivation projects, has created a favorable environment for industry growth. The presence of major players and pharmaceutical-grade production facilities is driving both domestic distribution and international exports. In parallel, Tasmania offers unique advantages due to its agricultural expertise and climate, making it suitable for high-quality cannabis cultivation, especially for medicinal-grade products.

Major companies operating in Australia Legal Cannabis Market are:

• Cann Group Limited
• Zelira Therapeutics
• AusCann Group Holdings Ltd.
• Bod Australia
• Althea Group
• ECOFIBRE
• Botanix Pharmaceuticals
• EPSILON
• Little Green Pharma
• Incannex

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“The Australia Legal Cannabis Market is expanding due to the increasing integration of cannabis into wellness and lifestyle products, including edibles, beverages, topicals, and CBD-infused supplements. This diversification beyond traditional flower products is attracting a broader consumer base, including health-conscious individuals and older adults seeking alternative therapies for pain, sleep, and anxiety management. The growing availability of micro-dosed and functionally designed cannabis products is reshaping consumer perception and usage patterns, making cannabis more approachable and socially acceptable. This trend is also driving innovation and partnerships between cannabis companies and wellness brands, further accelerating market growth.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Australia Legal Cannabis Market By Source (Hemp, Marijuana), By Derivatives (CBD, THC, Others), By Cultivation (Indoor Cultivation, Greenhouse Cultivation, Outdoor Cultivation), By End Use (Industrial Use, Medical Use, Recreational Use), By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of Australia Legal Cannabis Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Australia Legal Cannabis Market.

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