Legal medicinal cannabis markets have a long way to grow

The US States are dominant

While the United States stands as the largest market in the world for legal cannabis trade, this status is confined strictly to the state level. At the federal level, cannabis trade remains illegal, meaning each state independently crafts its own regulations. Currently, 47 out of 50 states have some form of legalization, whether for adult use or medicinal purposes. Despite this complex regulatory patchwork, the US continues to dominate the global legal cannabis market.

The true opportunity lies ahead—if and when cannabis becomes federally legal, it will open the doors for international trade partnerships, including significant potential for collaboration and commerce between the US and New Zealand.

Rua’s focus is on high value, key markets outside of the US States and Canada.

Growth curves in key markets

All of the key markets that Rua Bioscience is focused on is undergoing significant growth. Each market records data according to their own regulations, however all available data suggests very large growth in uptake of legal medicinal cannabis.