Find out what Australian cannabis companies really stand out in 2020. What opportunities exist for future medical and recreational businesses.
2020 is a big year for Australia and the cannabis industry. Officially we have over 25 licensed companies cultivating and producing medical-grade cannabis products from CBD and THC oils, creams and much more.
With the medical cannabis industry in Australia expected to reach over $5b in the next five years, Australian entrepreneurs are looking for business opportunities to secure their state in this lucrative market.
The largest cannabis companies in 2020 are importers, manufacturers and pharmaceutical companies that are producing and distributing medicinal marijuana products across Australia, New Zealand and South-East Asia.
Types Of Cannabis Companies
The majority of cannabis companies in Australia focus around hemp, medical clinics, cannabis manufacturing, and importing.
The leading cannabis companies are manufacturers that control the process “from seed to patient” by cultivating, extracting, producing and distributing medicinal products.
These companies have received a license that allows them to cultivate and produce their medical marijuana products that can be distributed Australia wide and overseas.
The bar is high for entry due to the strict regulations and expensive costs to set up commercial growing facilities. Facilities are costing upwards of $160 million to build, as seen with CannaTrek’s commercial growing facility in Victoria (Read More).
Since the legalisation of medicinal marijuana in 2017, the majority of cannabis medical products have been imported from Canada. Canada is the largest source of medicinal cannabis products for Australia since 2017.
The demand for medical-grade cannabis products pushed companies to import before being able to set up a local licensed cultivation facility.
Companies like Althea focus on making medical cannabis easily accessible to patients in need and are a well-known importer.
Most cannabis products imported are in the form of CBD and THC oils as these are the most common method of consumption for cannabis medical treatment.
Cannabis have been connecting patients with chronic pains and illnesses with appropriate CBD and THC oil treatment since 2017. They act as specialists that can diagnose and prescribe medication that suits each patient. The most well-known clinics are CA Clinics.
A combination of THC and CBD percentage in the oil has different effects. Insomnia may be THC heavy and epilepsy may be CBD heavy. Still, there is almost always a combination of both THC and CBD in these cannabis products that are suited to every situation.
Medical professionals working at cannabis clinics in Australia are best suited to prescribe CBD oil to patients as they have a clear understanding of its effects and how to treat patients pains or illness.
Game Changing Cannabis Companies
With cannabis companies appearing in Australia each month, let’s take a look at ones that stand out amongst the crowd and are going to have an impact.
There are the obvious successful Australian cannabis companies that are building up the facilities, infrastructure and distribution network to supply cannabis across the country.
Outside of these companies, we have up-and-coming game changing cannabis businesses that are offering something unique to Australia and the world. These companies have a bright green future!
The Green Dispensary is a compounding pharmacy that creates cannabis medicine tailored to each patient.
The current standard is for a cannabis brand to offer two of five different types of cannabis medicine, such as CBD and THC oil with a 5% to 20% ratio.
The Green Dispensary is disrupting the Australian medical cannabis market by offering medicinal cannabis products unique to the need of each patient.
In a time when medical professionals and patients are adapting to medicinal cannabis as an alternative cannabis treatment method, the Green Dispensary stands out with their patient-specific cannabis medicine.
They have a strong physical presence in Adelaide, South Australia, and a niche online market for Australians looking for compounding medicine.
Their success through customer satisfaction and business expansion shows that Australian cannabis companies are able to confidently venture into the niche areas of the cannabis industry.
For more information and the original article please click here: https://www.cannabisplace.com.au/cannabis-companies-to-look-out-for/
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