Australia and New Zealand Emerge as Front-Runners in the Global Cannabis Market

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Summary

He identified Australia as the most promising country for international medical cannabis presently. In a recent conference, Sasho Stefanovski, the CEO of PHCANN International, discussed the future prospects for the Australian cannabis industry. The focus on harmonizing regulations within the worldwide cannabis sector is evident based on these changes.Looking Ahead: Australia and New Zealand’s Growing Prominence in the Global MarketAs the global cannabis market landscape continues to evolve and mature, Australia and New Zealand are positioning themselves as key players. These changes explicitly signify steps towards harmonizing regulations within the worldwide cannabis industry.Australia’s Regulatory LandscapeOver the past few years, Australia has shown impressive growth in the medical cannabis industry. Furthermore, he highlighted that prospects for adult-use legalization in the country have improved recently.New Zealand Regulatory Changes Impact ExportsPurkiss also referred to recent regulatory changes in New Zealand, which have lowered barriers for regional exporters.

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In a recent conference, Sasho Stefanovski, the CEO of PHCANN International, discussed the future prospects for the Australian cannabis industry. He emphasized that Australia has experienced significant growth in 2023, emerging as one of the most evolving and fastest-growing markets. This upward trend is expected to continue into 2024. According to Stefanovski, Australian patients have recognized the importance of medicinal cannabis, and authorities also understand this need.

Industry Analyst on the Most Promising Countries for Medical Cannabis

Lawrence Purkiss, an analyst/consultant at Prohibition Partners, agreed with Stefanovski’s...

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