Posted November 13, 2018 09:31:51 The amount of cannabis imported from Australia into the United States has increased by more than 90 per cent since the start of the year, with more than 10,000 kilograms imported into the US in the first two months of 2018, according to data released by the Australian Government.
The Government’s National Survey of the Imports of Cannabis (NSIS) found imports into the USA increased by a whopping 5,738 kilograms in the months of September and October alone.
While that is up slightly on the same period last year, it is up by nearly 10 per cent from the same month last year.
And, the number of imported cannabis products is growing faster than the amount of domestic cannabis produced.
In the first three months of the new year, imports of cannabis products into the U.S. increased by almost 14 per cent to more than 3,700 kilograms, according the data released to News.
Com.au by the Government.
The increase is the fastest rate of growth in the past five years.
“In the past 12 months, we have seen a significant increase in the volume of cannabis exported from Australia to the United State,” said the Government’s Minister for Agriculture, Simon Birmingham.
It is believed that a major factor in the surge in imports has been the emergence of a booming medical marijuana industry in California, which has seen the import of more than $20 million worth of medical marijuana products from the U to the U since July.
At the moment, the United Kingdom is importing cannabis from Australia at a rate of just over 1,000kg a month.
More than half of the cannabis that is exported to the USA comes from South Australia, while Tasmania is importing over 2,000 tonnes a month, with New South Wales importing just over 50 kilograms.
Dr Birmingham said the increase in imports was partly due to increased prices.
There is also a strong belief that the availability of cannabis in Australia will be a big factor in keeping the price down in the near future.
Currently, Australia is importing about 3,000 kg of cannabis per year, and if prices were to increase by another 10 per to 20 per cent, that could bring the price back down to about 3.5 to 4 million kg per year.
But, Dr Birmingham said Australia would still see a significant reduction in cannabis exports to the UK because of the medical cannabis industry in the country.
Mr Birmingham said a decision on a proposed Australian Government review of cannabis regulations was still being finalised.
He said the Federal Government would look at a range of options to mitigate the impacts of a legal cannabis industry.
For more information on the importation of cannabis, visit the Australian Customs website.