Australia Legal Cannabis Market Summary
The Australia legal cannabis market size was estimated at USD 123.9 million in 2024 and is projected to reach USD 815.1 million by 2033, growing at a CAGR of 20.3% from 2025 to 2033. The industry is driven by growing awareness of the health benefits of cannabis and the growing legalization of marijuana, mostly for medical purposes.Furthermore, the increase in medical marijuana output as a result of increasing demand in the pharmaceutical sector is boosting overall growth. For instance, in 2016, the Australian Government legalized cannabis for medicinal purposes in all six states and two territories. Furthermore, the Therapeutic Goods Administration (TGA) regulates the supply of medicinal products in Australia.
In Australia, the legal framework regulating medicinal cannabis is constantly evolving and remains closely monitored. New legislation was enacted by the Australian government, allowing the Australian Capital Territory (ACT) to acquire and cultivate four plants per household for personal use. In October 2023, the Australian Capital Territory (ACT) introduced certain regulations on the use of products such as marijuana and hemp. It stated that individuals over 18 years old can own cannabis (fresh up to 150 grams or dried up to 50 grams). This factor is expected to contribute to their usage in Australia.
Moreover, as per the March 2025 updates, the tax benefit of recreational products in Australia is expected to reach USD 700 million annually, which is aimed at having significant implications for the industry. This figure, highlighted by the Australian Greens as they renew their pledge to advocate for legalizing recreational cannabis, underscores both the economic potential and the shifting political landscape surrounding cannabis legislation in Australia. The estimated USD 700 million revenue can be allocated to various public services, including healthcare, education, and infrastructure. By legalization, governments can create a new stream of income that can help alleviate budgetary pressures.
Australia Legal Cannabis Market Report Segmentation
This report forecasts revenue growth at a country level and provides an analysis on the industry trends in each of the sub-segments from 2021 to 2033. For this report, the analyst has segmented the Australia legal cannabis market report based on sources, derivatives, and end use:Sources Outlook (Revenue, USD Million, 2021 - 2033)
- Marijuana
- Flower
- Oil and Tinctures
- Hemp
- Hemp CBD
- Supplements
- Industrial Hemp
Derivatives Outlook (Revenue, USD Million, 2021 - 2033)
- CBD
- THC
- Others
End Use Outlook (Revenue, USD Million, 2021 - 2033)
- Medical
- Cancer
- Chronic Pain
- Depression and Anxiety
- Arthritis
- Diabetes
- Glaucoma
- Migraines
- Epilepsy
- Multiple Sclerosis
- AIDS
- Amyotrophic Lateral Sclerosis
- Alzheimer
- Post Traumatic Stress Disorder (PTSD)
- Parkinson's Disease
- Tourette
- Others
- Recreational
- Industrial
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Table of Contents
Companies Mentioned
- Cann Group Limited
- Zelira Therapeutics
- AusCann Group Holdings Ltd.
- Bod Australia
- Althea Group
- ECOFIBRE
- Botanix Pharmaceuticals
- EPSILON
- Little Green Pharma
- Incannex
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 90 |
Published | July 2025 |
Forecast Period | 2024 - 2033 |
Estimated Market Value ( USD | $ 123.9 Million |
Forecasted Market Value ( USD | $ 815.1 Million |
Compound Annual Growth Rate | 20.3% |
Regions Covered | Australia |
No. of Companies Mentioned | 10 |