Retail pharmacy sales of medicinal cannabis hit at least A$165 million in 2023, latest figures from research firm NostraData have shown, as the scramble for market share suggested industry consolidation may not be far away.

The figure is 60% higher than 2022 and illustrates the “explosive” growth of the industry, NostraData said.

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Steve has reported for a number of consumer and B2B titles over a journalism career spanning more than three decades. He is a regulator contributor to health journal, The Medical Republic, writing on...

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