Nearly 25,000kg of medicinal cannabis was produced in Australia in 2022, with an almost identical amount arriving in the country from overseas, official data from the Office of Drug Control (ODC) has revealed.
Newly-released figures show the quantity of imported cannabis last year soared to 24,887kg, up 247% from 2021 when just 7,173kg was shipped to Australia.
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Thanks for sharing this news Steve.
Great to see more transparency with this data.
I believe that, generally speaking, Australian produced products aren’t competitive price-wise for global markets hence the slow down in exports. LATAM and Africa located EU-GMP facilities are offering much better pricing to the EU. I believe there is more demand than supply in Australia currently so your point is still valid Steve.