Ask any betting soul what they think of a team that comes in fifth and you’re likely to get a bitter laugh or colorful dismissal — unless the player they’re wagering on is the nation’s emerging cannabis industry. When it comes to Australia’s potential place in the pot race, fifth in the world looks like a straight-up winner.
That’s where experts project Australia’s legal cannabis market to be in 2027, anticipating revenues of $1.2 billion, up from $52 million last year.
The combined legal and illegal market is estimated to be a whopping $4 billion-plus. A roundup from the World Law Group notes that some of Canada’s prestige cannabis firms, including Canopy Growth, Aphria, Cronos Group, and Aurora are doubling down on Australia’s medical cannabis programs. “In the public markets space, 6 of the top 10 cannabis-related ASX companies have market caps greater than $50 million. Althea Group’s IPO on 21 September 2018, backed by Aphria, raised $19.6 million and is already the fourth-largest listed cannabis-related company on the ASX,” it reads.
Wider acceptance
Denne historien er fra February 2020-utgaven av The Venture Magazine.
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Denne historien er fra February 2020-utgaven av The Venture Magazine.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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How To Clean Up - Sanitary Franchises To Invest In
It’s a tangible part of this new world we’ve entered after emerging from lockdown. You can smell it in corridors and in shops, and it’s a selling point for hotels reopening. Cleanliness is godliness now, and there is a high demand for sanitary services for the foreseeable future. That makes a cleaning franchise a promising business opportunity. These companies offer it.
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The pubs reopened to great rejoicing and some free beer as coronavirus restrictions eased across Australia, although unfortunately, it was too late for millions of litres of suds that had to be tipped down the drain. It was strange to be out, but it felt good once you got used to it. Rules vary by state and territory, but over the past several weeks, Aussies have been able to dine out, go to holiday homes, and gather in small groups once more. Lockdown isn’t lockdown anymore, but that doesn’t mean “normal” is back. Here’s where things stand.
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IT’S HALF-PAST TIME TO KILL YOUR ORGANISATION'S OUTDATED RISK MANAGEMENT AND ASSESSMENT TOOLS. 6CLICKS IS HERE TO HELP.
