Cannabis is becoming increasingly popular in Australia, with the nation making waves in the industry. But what exactly is cannabis, how is it regulated, and which states are leading the charge? We’ve put together a comprehensive guide to all things cannabis in Australia – from what’s allowed, to where it’s legal, and who owns the industry. What is Cannabis? Cannabis is a plant-based product derived from the Cannabis sativa plant. It contains compounds known as cannabinoids that have been found to have a range of medical benefits. Cannabis is most commonly consumed via inhalation (smoking or vaping), though it can also be ingested in edibles, sublingual drops, and capsules. Cannabis is classified as an illegal drug in Australia. It is, however, prescribed by some states in certain circumstances. Regulations of Cannabis in Australia The legality of cannabis in Australia varies from state to state. Most states regulate the possession and use of cannabis, while others are more lenient. In some states, cannabis may be legal for medicinal purposes. In other states, it may also be legal to cultivate for personal use, as long as certain regulations are followed. It is important to note that the laws regarding the cultivation and possession of cannabis can vary depending on the state. It is essential to check the laws in your state before beginning to cultivate cannabis. Current Cannabis Climate in Australia The legal cannabis industry is still in its infancy in Australia, though the nation is making strides in the sector. In recent years, the number of companies active in the sector has surged. This has been aided by favorable regulations in some states, such as New South Wales, which have allowed the industry to thrive. In addition, public attitudes towards cannabis have also been changing, with many states legalizing medical cannabis. This has boosted the industry, creating new opportunities for businesses. Conclusion Australia is making waves in the cannabis industry, with more states legalizing the drug for medicinal and recreational purposes. Most states now regulate the possession and use of the drug, while others have created favorable regulations for the cannabis industry. As the industry continues to grow, the regulations will likely evolve, and the nation may become a leader in the sector.