Since the legalization of medical cannabis in 2016, the Australian marijuana industry has been steadily developing — and it's been attracting attention from international players and investors.
The Investing News Network (INN) has been tracking this growth, and is now ready to bring investors a new website dedicated to helping Australian investors with Australia-focused content.
With cannabis as a core focus, INN Australia will educate investors and connect them with opportunities in this exciting and fast-paced space.
INN's entry to Australia comes after years of measuring investor sentiment in the country and examining the challenges faced by both investors and companies.
The biggest obstacle for investors in any location is separating the wheat from the chaff, especially in competitive markets like cannabis. Australia is no exception, and INN's mission has always been to provide high-quality content that investors can use to meet their goals.
The major opportunity in Australian cannabis is also a driver of INN's move into the sector. Given Australia's growing population of over 25 million people, as well as its robust agricultural industry, the country is positioned to mold itself into a major force in the international cannabis space.
Australia's agricultural production is already valued at AU$58 billion and is one of the largest contributors to the nation's GDP. The country's agricultural export prowess means that it may be able to harness that strength in the cannabis industry.
What's more, recreational marijuana has enormous potential in Australia. While cannabis for recreational use is not yet legal in the country, the strides made on the medical side show the trajectory it could take.
Case in point: in 2018, the medical cannabis industry in Australia was valued at just AU$17.7 million, but a forecast from Prohibition Partners, a market consultant agency for the cannabis sector, projects huge growth in value over the next 10 years.
The firm anticipates that by 2028, the medical cannabis market in Australia will hit AU$3.04 billion, while the recreational cannabis market is expected to be valued at AU$7.89 billion in the event that recreational use is legalized.
For investors who get in early, the returns could be massive, and INN Australia's editorial team will be there for the journey with information on market news and trends, stocks to watch and more.
Readers can expect the following content:
- independent, trusted reporting on company and market news
- original, high-quality educational content
- quarterly and annual outlooks
- up-to-date lists of top stocks
- interviews with knowledgeable analysts and CEOs
- real-time coverage of conferences and industry events
As the Australian cannabis industry develops, INN Australia will be your source for investing success.