The Narcotic Drugs Amendment Bill was passed by the Australian Federal Government in February 2016, legalizing medical cannabis in the country and establishing a licensing scheme for its cultivation and manufacture. The export of medicinal cannabis products was legalized in February 2018 through the Narcotic Drugs Amendment (Cannabis) Regulations 2018.
As of February 2025, there were 41 approved medicinal cannabis cultivators and producers (of which 40 are allowed to cultivate and produce, and 25 are allowed to manufacture), 27 licensed medicinal cannabis product manufacturers and 35 licensed importers. TGA data shows that since its legalization, over 2.7 million prescriptions for the drug have been issued – either through Authorized Prescribers or through the Special Access Scheme.
Cannabis Jobs Australia estimates there will be 50,000 cannabis jobs in Australia by 2028. Australia’s legal cannabis market is forecast to grow from around US$600 million in 2024 to $1.2 billion in 2027, the 5th largest in the world, according to “The Global Cannabis Report: 5th Edition”.
In the Oceania Cannabis Report – produced by London-based advisory group Prohibition Partners – the Australian recreational cannabis market could be worth $3.5b by 2028 if legalized.
Australia’s Parliamentary Budget Office estimates that the legalization of recreational cannabis would bring $28 billion worth of tax revenue.
EXECUTIVE SUMMARY
Project Scope
Market Opportunities
Start-up Summary
Financial Projections
COMPANY DESCRIPTION
MARKET OVERVIEW
Global Market Overview
Cannabis in Oceania
Cannabis Legalization in Australia
Cannabis Sector Projections and Perspectives
SWOT Analyses
STRATEGY & IMPLEMENTATION
Marketing Plan
Cannabis Directories
Competition
Target Customers
Sales Forecast
OPERATIONAL PLAN
Location/Facilities
Cultivation Method/Equipment
Physical Security Plan
Quality Assurance
Packaging and Labeling
Transportation
Tracking Solution
ORGANISATIONAL STRUCTURE & MANAGEMENT
FINANCIAL PROJECTIONS
Funding Analyses
Direct and Operational Costs
Profit & Loss Forecast
Cash Flow Statement
Balance Sheet
Main Ratios
APPENDICES
Income Statements, monthly
Cash Flow Statements, monthly
Floor Plans
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Cannabis Business Plan Sample Australia
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