HOW MUCH DOES MEDICAL CANNABIS (MARIJUANA) COST IN AUSTRALIA?
Interest in medical cannabis is growing in Australia, and many folks wonder about its price. The alternative healing power of plant-based medicine was reserved only for the elites. However, with the onset of affordable plant medicine treatments, the cost of medical cannabis is trending downwards, making it accessible to all Australians.
If you have been wondering about the cost of Medical Cannabis in Australia, we’ll answer all your questions in this blog and break down all the things that affect the cost of medical cannabis.
UNDERSTANDING THE MEDICAL CANNABIS LANDSCAPE IN AUSTRALIA
Overview Of The Legal Framework For Medical Cannabis In Australia
Medical Marijuana became legalised for use in 2016 across NSW, and any doctor or authorized prescriber can prescribe medicinal cannabis to an Australian resident.
You can learn more about authorised prescribers in our blog. To get an understanding of the legal framework for the use of Medicinal Marijuana, head to – https://www.tga.gov.au/news/blog/introduction-medicinal-cannabis-regulation-australia
TYPES OF MEDICAL CANNABIS PRODUCTS AVAILABLE IN THE MARKET
- Capsules
- Chewables
- Cream
- Flower (including granulated flower)
- Lozenges
- Oil
- Vapes
- Spray
FACTORS INFLUENCING THE COST OF MEDICAL CANNABIS TREATMENT IN AUSTRALIA
The price for medicinal cannabis treatment differs for each patient, depending on individual factors like –
Your Ailment And Purpose Of Treatment.
The Extent And Severity Of Symptoms.
Variety And Dosage Of Treatment Required.
Prescribed Dosage And Frequency Of Using Medicinal Cannabis.
Treatment Objectives Set By You.
The choice of physician or cannabis clinic
Type of insurance you hold and whether it covers plant-based treatment
All these factors and many others collectively influence the cost of Medicinal Cannabis treatment in Australia.
BREAKING DOWN THE COST OF MEDICAL CANNABIS IN AUSTRALIA
Studies show that the average cost of plant medicine and medical marijuana is trending downward as the number of users increases in the country.
Telemedicine and online consultations are allowing cannabis doctors in Australia to offer competitive consultation costs, thus bringing the overall plant medicine treatment costs in line with, and often lower than, traditional allopathic forms of treatment.
The cost of medicinal cannabis varies greatly by area in Australia. For medical cannabis patients with legal access the average monthly expenditure is currently $278 or about $9. 26 per day. It’s important to know the cost per milligram of cannabinoid when estimating the cost of medicinal cannabis. For medicinal cannabis products the lowest price or floor price is $0. 03 per milligram of cannabinoid.
Not including flower this is a breakdown of cost per milligram by formulation:
- Balanced THC:CBD –0. 08 per mg.
- CBD Separate: $0. 04 per milligram.
- Elevated CBD: $0. 03 per milligram.
- High THC: $0.09 per milligram.
- THC isolate :$0.10 per milligram
Additionally, the average cost of flowers is $13. 98 per gram with concession patients paying a minimum of $6. 60 per gram and $5. 87 overall.
While national averages exist, local legislation, supply chain logistics, and market dynamics can all have an impact on costs in individual cities and states.
Reference: https://honahlee.com.au/articles/medical-marijuana-cost-australia/
Estimating the Cost of Your Product
It is crucial that you comprehend the most accurate method of estimating the overall expenses before delving into the precise cost of medical cannabis in Australia. Patient spend is influenced by several factors such as:
- Prescribed medication
- Product price
- Dosage required for each day
Your doctor is the one who will determine which product is best for you even though you might be able to do some research and learn about your options. It is possible to begin using CBD oil and then move on to other or more medications over time.
A person’s dosage varies. One thing about dosage that is always certain is that your doctor will start you off low and gradually increase your medication. By titrating up you and your doctor can determine the dosage that relieves your symptoms while having little to no side effects.
We advise you to price your product at the cost per milligram of cannabinoid when figuring out how much you spend on medications.
Thus, the following computation applies if the product has a CBD concentration of 100 mg/ml a 30 ml bottle and a $150 retail price.
CONSULTATION COSTS TO OBTAIN MEDICAL MARIJUANA (MEDICAL CANNABIS TREATMENT) IN AUSTRALIA LEGALLY
Getting medical cannabis legally in Australia involves nominal costs, especially during the consultation process. You’ll need to see an authorised doctor who can prescribe medical cannabis to you in Australia.
These consultations usually cost around $100 to $ 300 and vary depending on the doctor, the healthcare clinic and where you live. The cost of an Online Medical Cannabis consultation at CannaAid Medical Sydney in 2024 starts at $165
The consultation costs cover the time and expertise of the doctor. They’ll discuss your condition and medical history and determine if medical cannabis is suitable for you. Remember, these appointments are essential to ensure proper treatment and dosage. Usually, you need more than one consultation, which adds to the overall cost of getting medical cannabis legally in Australia.
The follow up consultation cost with a medical cannabis doctor at CannaAid in 2024 starts at $82.50
TREATMENT COSTS OF MEDICAL MARIJUANA (CANNABIS-BASED THERAPY) IN AUSTRALIA
The cost of medical cannabis in Australia can vary based on the pharmacy you choose, the city you live in and multiple other factors. The cost of treatment will also depend on your dosage and whether you are prescribed plant medicines on a daily, weekly or monthly dosage.
An average CannaAid Medical patient pays around $5 to $20 per day or roughly $40 to $150 weekly. Thus, the average monthly cost of medical marijuana in Australia is between $160 and $600.
Do note that just like traditional medicine, plant medicine therapies differ from person to person. Therefore, your treatment cost will vary based on your condition.
All these factors and many others collectively influence the cost of Medical Cannabis treatment in Australia.
The cost of medical cannabis can vary depending on the region within Australia
The cost of medical cannabis in Sydney, New South Wales:
In Sydney, the cost of medical cannabis tends to reflect the higher cost of living in the city. Patients may find prices slightly higher compared to other regions, with an average monthly expense ranging from $280 to $300.
The cost of medical cannabis in Brisbane, Queensland:
In Brisbane, patients may find a moderate range of prices for medical cannabis products. The average monthly cost typically falls between $280 to $300, depending on the prescribed dosage and product type.
The cost of medical cannabis in Adelaide, South Australia:
Patients in Adelaide may encounter competitive pricing for medical cannabis, with average monthly expenses ranging from $200 to $220. The market in South Australia is evolving, potentially offering more affordability compared to other regions.
The cost of medical cannabis in Gold Coast and Sunshine Coast, Queensland:
In these coastal regions of Queensland, patients may find a similar pricing range to Brisbane, with average monthly costs ranging from $280 to $300. Availability may vary, influenced by the proximity to major urban centers.
The cost of medical cannabis in Tasmania:
Tasmania’s medical cannabis market may reflect its unique geographic location and local regulations. Patients can expect to spend between $280 to $300 per month on medical cannabis products.
The cost of medical cannabis in Canberra, Australian Capital Territory:
As the capital city, Canberra’s medical cannabis market may offer diverse options for patients, with average monthly costs ranging from $200 to $220.
The cost of medical cannabis in Perth, Western Australia:
Patients in Perth may experience a slightly higher price range compared to other regions, with average monthly expenses ranging from $300 to $350.
The cost of medical cannabis in Melbourne, Victoria:
In Melbourne, patients may encounter a competitive market with a wide range of products and prices. The average monthly cost of medical cannabis typically falls between $270 to $310.
The cost of medical cannabis in Queensland:
Across Queensland, including cities like Brisbane, Gold Coast, and Sunshine Coast, patients can expect to spend between $280 and $300 per month on medical cannabis products, depending on the specific location and provider.
Please note that these price ranges are estimates and may vary based on individual prescriptions, diseases, product types, and dispensaries. Patients are encouraged to consult with healthcare professionals and licensed suppliers for accurate pricing information specific to their needs and location.
Why Is Medical Cannabis So Expensive In Australia?
The primary reason for the cost of medical cannabis and medical marijuana being on the higher side in Australia is that the industry and the line of treatment are still in their infancy and haven’t achieved the economies of scale any business requires to provide affordable pricing.
About 80% of all medical cannabis used in plant-based treatment in Australia is imported from other countries. However, as the times change, the landscape is also changing with new growers setting up approved, high-quality farms in Australia, which will bring down the cost of medical cannabis in Australia soon.
The prices of regulated, legal cannabis based treatment have reached a level where it’s equivalent or cheaper than the illegal “green market” produce.
Political And Economic Factors Impacting The Cost Of Medical Cannabis In Australia
Medical cannabis treatments are highly regulated in Australia, which means manufacturers and prescribers must meet the strict legal requirements set out by the law.
Other Political And Economic Factors that impact the Medical Marijuana cost in Australia
High tariffs and taxes for imported pharmaceuticals from abroad.
Rigorous storage protocols for storing medical marijuana products.
Comprehensive testing to validate treatment effectiveness, security, composition, and performance.
Expenses related to delivery and transport of medicines to dispensaries and hospitals.
Additional regulatory expenses and supply chain expenditures to meet industry standards.
What Are The Costs Involved In Getting A Medical Cannabis Prescription With CannaAid Medical?
The cost of getting a Medical Marijuana Prescription in Australia depends on the kind of service you avail. Please refer to the image below to understand the cost structure of getting a medical cannabis prescription with CannaAid Medical.
Wrapping Up
Interest in medical cannabis in Australia has soared, prompting questions about its cost. As plant-based treatments become more affordable, you can expect to pay $100 to $300 for consultations.
At CannaAid Medical, online consultations start at $165, and follow-ups begin at $82.50. Treatment costs vary from $5 to $20 per day, averaging $160 to $600 monthly. These expenses depend on individual factors like condition severity and treatment goals.
While medical cannabis remains relatively costly due to the industry’s early stages, emerging local growers will bring costs down in the future, positioning it as a viable alternative to traditional medicine.
FAQs
Frequently Asked Questions About Medical Marijuana Costs In Australia
Coverage depends from provider to provider. Some private insurance providers are adding medical cannabis treatment to their approved treatment list. However, a majority of insurance providers don’t cover medical cannabis costs in Australia.
Yes, the treatment you receive will be determined by your doctor, and they may prescribe the best form of medical cannabis for your condition. This can range from oils to vape and even orally ingestible forms of medical cannabis.
Yes, some subsidies and financial assistance are available for Australians who qualify.
Various medicinal cannabis products cater to different medical conditions. To obtain medicinal cannabis, initiate a conversation with your doctor. It’s important to note that medicinal cannabis products lack subsidies from the Commonwealth Government, necessitating individuals to cover the expenses personally.
On average, the cost of medical cannabis or plant-based treatment is 30% to 40% higher than the cost of traditional medication when paid out of pocket. However, other factors like insurance and the kind of ailment also play a significant role in the cost.
An Australian can expect to pay about $150 to $600 on average every month to cover medical cannabis costs.
You are eligible for medical Marijuana treatment if you meet the following conditions :
- You suffer from a condition persisting for over three months.
- You attempted treatments that yielded partial relief or undesirable side effects.
- You’re currently not pregnant or breastfeeding
- You don’t possess a history of psychosis.
The cost of medical marijuana in Australia is influenced by several factors. Firstly, the type of medical marijuana product prescribed plays a crucial role. Different strains and forms, such as oils, tinctures, or capsules, may have varying prices. Additionally, the dosage and concentration of cannabinoids contribute to the overall cost. Furthermore, market demand and supply dynamics can impact the pricing, as well as the brand and manufacturing processes. It’s essential to consult with healthcare professionals to determine the most suitable product for individual needs.
Key Information:
- Type and form of medical marijuana product.
- Dosage and concentration of cannabinoids.
- Market demand, supply dynamics, brand, and manufacturing processes.
Yes, there are avenues for financial assistance for medical marijuana costs in Australia. Some pharmaceutical companies and dispensaries may offer patient assistance programs or discounts. Additionally, patients can explore government subsidies or grants designed to alleviate the financial burden of medical treatments. It’s recommended to inquire with healthcare providers, pharmacies, or relevant government agencies to access available assistance programs.
Key Information:
- Patient assistance programs or discounts may be offered by pharmaceutical companies.
- Government subsidies or grants can help alleviate medical marijuana costs. Read more
- Inquire with healthcare providers and pharmacies for available assistance programs.
As of now, cultivating one’s own medical marijuana for personal use is not legal in Australia. The cultivation and use of medical marijuana are strictly regulated, and only licensed producers are authorized to grow and distribute medical cannabis products. Patients are required to obtain medical marijuana through legal channels, such as registered dispensaries and pharmacies. Attempting to grow marijuana without proper authorization may result in legal consequences.
Key Information:
- Personal cultivation of medical marijuana is not legal in Australia.
- Only licensed producers can grow and distribute medical cannabis products.
- Obtaining medical marijuana through legal channels is crucial to avoid legal consequences.
As of now, there are no specific tax benefits or deductions available for medical marijuana expenses in Australia. Medical expenses, in general, are subject to tax laws, and individuals are advised to consult with tax professionals to understand the latest regulations. It’s essential to keep detailed records of medical marijuana expenses for potential future changes in tax policies that may allow deductions for medical cannabis costs.
Key Information:
- No specific tax benefits or deductions for medical marijuana expenses.
- Consult with tax professionals to understand applicable tax laws.
- Keep detailed records for potential future changes in tax policies.
Pricing variations among different dispensaries in Australia can be attributed to various factors. Geographic location plays a role, with dispensaries in metropolitan areas potentially having higher costs due to increased operational expenses. Dispensary size, product selection, and the level of service provided also contribute to pricing differences. Patients should explore multiple dispensaries, comparing costs and services, to find the most suitable option for their medical marijuana needs.
Key Information:
- Geographic location affects operational expenses and pricing.
- Dispensary size, product selection, and service level contribute to variations.
- Patients should compare costs and services to find the most suitable dispensary.
Currently, government healthcare programs in Australia do not typically reimburse medical marijuana costs. However, as regulations and attitudes toward medical cannabis evolve, there may be changes in government policies. Patients are encouraged to stay informed about potential updates in healthcare programs that could include coverage for medical marijuana expenses.
Key Information:
- Government healthcare programs usually do not reimburse medical marijuana costs.
- Stay informed about potential updates in healthcare policies.
- Changes in regulations may impact coverage for medical cannabis expenses.
Pricing variations among different dispensaries in Australia can be attributed to various factors. Geographic location plays a role, with dispensaries in metropolitan areas potentially having higher costs due to increased operational expenses. Dispensary size, product selection, and the level of service provided also contribute to pricing differences. Patients should explore multiple dispensaries, comparing costs and services, to find the most suitable option for their medical marijuana needs.
Key Information:
- Geographic location affects operational expenses and pricing.
- Dispensary size, product selection, and service level contribute to variations.
- Patients should compare costs and services to find the most suitable dispensary.
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