The Australia medical cannabis program is currently only worth around $17 million. You don’t have to go on a walkabout across the Outback to see that this will change substantially. This infographic provides a financial growth guide. One that shows how Australia’s medical cannabis market is poised to grow from a $17 million-dollar to a $3 billion-dollar one over the next decade. Predictions have the market advancing to the $1.2 billion-dollar value by 2024.
Medical cannabis laws are changing around the world as education as well as scientific research about cannabis becomes more widespread. Australia has the potential to swamp these numbers as well as numbers coming from countries with legal markets globally. This is especially true if the government embraces medical cannabis as a healthcare option for its citizens. Medical cannabis is saving states in the U.S. money with their health care costs although the federal government still holds a firm prohibition against the plant. These savings are adding up and are catching the eyes of many.
In America, if cannabis was legal across the nation, it could save the country’s Medicaid program roughly $1 billion off the cost of prescription drugs alone. Look for more great cannabis infographics on Excessively.net.
