Cannabis legalization is amongst some of the world’s most trending news. Instigated by the medicinal and recreational uses and potencies of the cannabis plant has made and continues to make many nations across the globe rethink their stands on cannabis legalization. With countries like the united states and cannabis already taking the lead and have issued cannabis licenses to Cannapreneurs means the future of the cannabis industry is secure.
While global cannabis usage is on the rise and the industry’s value continues to soar to unimaginable heights, it signals a good thing interms of employment, living standard, and the wellbeing of humankind. The global legal marijuana market size could reach USD 70.6 billion by 2028. All of which is according to a new report by Grand View Research, Inc. This market would expand at a CAGR of 26.7% from 2021 to 2028.
Weed In Australia
weed seeds Australia, With such reaches that come with the cannabis industry, it is no surprise Australia is considering legalization. Despite the financial benefits associated with the legal cannabis trade, legalizing it in Australia would do a lot of good for the Australian economy and, as a plus, serve as a panacea for many ailments plaguing the people of Australia.
Is Cannabis Legal In Australia?
Though this question seems a little tricky, there are two answers which areYes and No. Adultuse of cannabis remains illegal in most provinces in the nation. However, aminor exception exists with the distinguished exception of the Australian Capital Territory (ACT including the capital Canberra. The ACT legalized the recreational use of marijuana on the 25th ofSeptember2019. In the territory, inhabitants over age 18 could possess as little as 50 grams of marijuana, grow two (per person) to four plants (per household) at any given time, and use cannabis in their homes.
The nation of Australia legalized cannabis for medicinal use or Medical marijuana after the Narcotic Drugs Amendment in 2016was passedby parliament.Despite the none availability of a list of qualifying conditions for medicinal cannabis, the Department of Health is reviewing existing studies of marijuana for chronic pain, epilepsy, nausea and vomiting from chemotherapy, palliative care, and multiple sclerosis.
Australians and Cannabis Consumption
For Australians who have consumed weed in the past 12 months, 32% admitted usingit once or twice a year. Approximately one in seven (14%) used every day. Among Australians who used cannabis in the past 12 months, 14% used it every day, 23% used it once per week or more, 13% used it about once per month, 18% used it every few months, and 32% used it once or twice per year.
Benefits Of Weed Legalization In Australia
Legalizing cannabis comes with more benefits than shortcomings, especially in terms of health and otherwise. Which is whuy after years of deliberations, 2019 signaled a step in the right direction as the legalization of cannabis for its medicinal use became a reality in Australia. All of which comes to play thanks to the plant’s ability to serve as a panacea for
- Nausea
- Pain
- Acne
- Insomnia
- Depression
- Post-traumatic stress disorder
- Cancer symptoms
- Anxiety and anxiety-related disorders
- And many more.
Today, Australia now has many cannabis dispensaries. Many of which are
- Serving as a source of government revenue through taxes
- Creating job
- Improving the living standards of it citizens