Changes in importation of medical marijuana got Germany’s industry on track to keep on growing. . . .
It’s always better to have more sources than one. A friend told me this in college. Germany found this out through experience.
Now their import options are growing.
Netherlands Limits German Importers
Back in June, cannabis imports into Germany slowed. The Office of Medical Cannabis (OMC) limited the number of cannabis importers.
Importers are wholesalers who resell their cannabis to pharmacies.
The actual reason for the limitation of importers remains unclear. What is clear is the reduced weight of the cannabis shipped to each wholesaler since May.
Germany and the Netherlands have a supply agreement. The agreement allows the importation of 2500kg of cannabis flower per year. About 208 kg per month.
That means the approx 30 German importers get about 6.5 kilograms each under the agreement. But from May, the importers get 5 kilograms each.
Less quantity would have been cause for concern, but the industry was ahead of the game.
Wholesale Cannabis Prices
The German Pharmacists Association (Deutscher Apothekerverband, DAV) and the National Association of Statutory Healthcare Funds (Spitzenverband der Gesetzlichen Krankenversicherung, GKV) made an agreement. The agreement allowed pharmacists a 100% upcharge. Quite a fee right?
Wrong. The fee allowed the GKV to get a 20% reduction from the cost of all reimbursements.
Fixing the cost of the marijuana prescriptions capped wholesalers. No longer could they sell at high prices. The insurance wouldn’t pay more. And pharmacists don’t want to bear the cost.
Keep in mind the patients are only responsible for their company which remains the same.
Still, there is benefit in allowing cannabis to come from elsewhere.
Recalled Batches of Tinctures and Flower Concerns
Recalls of cannabis tinctures raised other concerns for the present supply.
Canadian company and cannabis giant Tilray imports cannabis tinctures into Germany. One of these tinctures is THC 10: CBD 10 a full spectrum oil.
The THC 10:CBD 10 tests showed the THC lower in some tinctures. For prescriptive reasons, every solution must be the same. Tilray had to recall a batch of low THC tinctures.
Is a recall a big deal? Probably not. Except Tilray is one of the biggest importers of Germany’s cannabis.
Time to Allow More Variety in Cannabis
The time has come to allow more variety in the cannabis supply. Wholesalers who import from one country have “a business without room for growth.” The medical marijuana industry would agree.
Opening the doors to new exporters has benefits to the medical marijuana industry.
- For researchers – the development of new treatments or better ones.
- For patients – greater access.
- For pharmacists – bigger margins.
- For wholesalers – more profit and growth.
- For the industry – greater stability.
Recently, there are imports coming from Columbia and Uruguay. Imports from EU countries besides the Netherlands have also begun.
More choice in supply insulates the industry from unpleasant surprises. These kinds of choices are strengthening Germany’s medical marijuana industry.
Pass the joint please!