The Medicinal Cannabis industry is growing, but due to all of the strict regulations and laws, the bar to entry is high. Startups are appearing across Australia that aim to streamline the processes for patients accessing Medicinal Cannabis. Still, it is challenging to get a license to cultivate Marijuana in Australia without substantial financial investment.
Over the next few years, the regulations and licensing may open, allowing smaller companies to get involved in the cultivation of Cannabis. There are also opportunities to open up dispensaries and retail stores that supply Medicinal Cannabis products and accessories.
Google is on fire in Australia with many entrepreneurs searching for “Cannabis Business Ideas”, “top 420 weed business ideas” and “marijuana startups”. Everyone is preparing for when Marijuana is fully legalised in Australia. The industry is expected to reach $10b+ 5-10 years after legalisation and includes retail, cultivation, import/export, medical, tourism, and so much more.
The upcoming Green Gold Rush will make many Australians millionaires overnight. Whether you have a physical store, an app that delivers Medicinal Cannabis or a Cannabis consultation firm, the future business opportunities for Cannabis in Australia are endless.
Disclaimer: Cannabis Place may contain information regarding cannabis & other drugs; it is designed for 18+ audiences in regions where cannabis has been decriminalised. This topic may represent illegal activity in certain regions. We do not encourage illegal activity. We understand that readers in locations where cannabis has been legalised may read these articles. Medical Cannabis in Australia is regulated by the Therapeutic Goods Administration and details about Cannabis as a scheduled drug can be found on their website. Please consult with your doctor to find out if Cannabis is right for you. Click here for our full disclaimer