Medical cannabis medicines can be quite costly in Australia – averaging about 20-40% higher than most other countries with medical programs. The high cost of product is largely because 90% of the medicines available in Australia are being imported from Canada and Europe, which means a higher cost to ship the medicine and logistic fees of storing it in scheduled facilities and shipping the product to Pharmacy each time an order is placed from a PharmUnlike other countries that have a supplier which ships directly to the patient, Pharmacies dispense to patients in Australia, where an additional margin is added on top of the cost of the medicine. Unlike other margins on Pharmaceutical Medicines (which usually fall at 11%), there is no regulation on medical cannabis, and because of this we see usually see a range of 20-30% margin. Pharmacies that Tetra Health work with are on the lower end of this range as they deal in larger volumes of product, and in some cases, can order in bulk through our Authorised Prescribers, reducing overall fees.
Although the above may seem a little grim, there is good news – every day new producers are entering the Australian Market (both domestic and international) which is driving prices down and making medical cannabis more affordable. There are now over 25 manufacturers / suppliers and 150+ different medicines in Australia, which is great for supply and demand and patient access, with prices continuing to drop every month.