AUSTRALIAN CANNABIS MARKET
Australian attitudes toward legalizing cannabis in Australia have been shifting ever since the passage of medical cannabis legislation at the federal level in 2016. Each of the Australian territories has its own stance on medical and recreational cannabis. The Australian Capital Territory has the most lenient stance with decriminalization of up to 50 grams flower, and cultivation of up to two plants per individual and four plants per household.
Cannabis in New Zealand is regulated by the Misuse of Drugs Act 1975, and possession of any amount of cannabis is strictly prohibited. In 2018, the passage of the Medicinal Cannabis Amendment Act allows for a much broader use of medical cannabis, and its implementation has started to shift the national conversation. The 2020 general election is set to put a legalization referendum in front of the voters, which would bind lawmakers to draft legislation and regulate the recreational cultivation, distribution and sale of cannabis in New Zealand.