The Australian government has done legalization of medical marijuana in 2016. Since then medical practitioners throughout the country have become more open to making use of marijuana in the treatment. They also make use of it for managing a huge variety of conditions or diseases.

Still, there is a long way to go before people gain a better understanding of the use of medical marijuana. But, thousands of Australians are making use of medical cannabis and the products that are similar to it for getting relief from pain and diseases.

You have the requirement of educating yourself first if you are one of those consumers who have the desire of trying medical cannabis. Medical cannabis is relatively a new product. So, it is best for you to gather knowledge by yourself for taking a wise buying decision.

Advantages of Medical Cannabis

If you want to get many positive effects of medical cannabis, then you have the requirement of having a better understanding of how cannabis works.

Mostly, you will find the therapeutic component of marijuana that is known as cannabidiol (CBD) in the interior resin glands of the cannabis plant. CBD is basically a cannabinoid which is a chemical compound that is used to act as an expounder. Its major function is to bind to particular receptors on human cells that is known as cannabinoid receptors.

There is a majority of cannabinoid receptors in the central nervous system. Meanwhile, others you will find dispersed across numerous organ systems that are inclusive of the integumentary system, digestive tract, and reproductive organs, etc.

You can consider cannabinoids as these are basically keys that unlock cannabinoid receptors. Consumption of cannabis is a must for making the cannabinoid receptors work as they should. The network of cannabinoid receptors collectively is known as the endocannabinoid system.

The endocannabinoid system does the production of numerous key proteins in the body. There is an involvement of neurotransmitter system in numerous integral functions such as:

• memory
• mood
• motor control
• sleep patterns
• appetite
• bone growth and development
• immune system functioning
• fertility
• pain perception

There are four main functions of cannabinoid receptors that release proteins:

• neuroprotective functions
• optimum energy balance
• immune balance
• stress recovery

With this mechanism of action, now it has become clear that why medical marijuana is prescribed in the management and treatment of the following conditions:

• Pain
• Wasting syndrome
• Multiple sclerosis
• Muscle spasms
• Glaucoma
• Epilepsy
• Loss of Appetite
• Alzheimer’s Disease
• Pain relief in particular types of cancer

Medical marijuana possesses numerous powerful antioxidant qualities which makes it an excellent dietary supplement. Now you have got an idea of what medical marijuana can offer to you and your health.

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And this kind of behavior of people is maintaining a long-established obstacle for them to access medical cannabis for patients. It can also in turn impact their capability of receiving holistic and unbiased advice on products that are inclusive of the cost of the product, and the cost of ongoing treatment.

Those people who have got tired from the unbearable side effects of the traditional treatments are turning towards trying the treatment of medical cannabis regardless of its cost.

However, the pricing of medical cannabis can be an obstacle not only for some new patients, but these can also be difficult to manage for the existing patients. The reason behind this is the ongoing lack of federal government subsidization via the Pharmaceutical Benefits Scheme.

Medical Marijuana As A Modern Medicine

If we put the cost of medical marijuana aside, a huge range of Australians has a belief that medical cannabis is playing a very crucial role in modern treatments. The Cannabis As Medicine Survey (CAMS) conducted in the year 2016 assessed the medicinal use of marijuana amount the people of Australia.

81% of Australians have reported that the consumption of cannabis was primarily for medicinal purposes. Most of those people have made use of marijuana for curing their pain, for instance, back, neck, or gastrointestinal, for maintaining their mental health or curing anxiety, PTSD, or depression. They have also used it for neurological complaints or sleep.

How Much Are Australians Able To Pay For Medical Cannabis?

As the survey was conducted by CAMS for assessing the medical use of cannabis by the normal person by acquiring the illegal cannabis, it was not inclusive of cost data or conditions on authorized or medically prescribed medical marijuana.

However, the average cost of medical marijuana that was derived from this served with a useful picture of how much individuals are paying for the treatment of their medical conditions with marijuana, along with how much they are desired of paying.

Individuals are paying on an average $10-$13.50 per day according to the CAMS study. When those Australian people were asked about how much they would be desired of paying for getting their medical cannabis through legal pathways. They reported that the average cost of medical cannabis should amount to $11 per day. A huge number of people almost about 80% of those who were involved in the study have reported that their symptoms were effectively managed by medical marijuana.

The Prices of Cannabis in Australia dropped and the numbers have risen

Since the system of medical cannabis came into place, FreshLeaf Analytics has been monitoring the product pricing and the growth of the patients. FreshLeaf has announced in its Q3 2020 report that since the launch of the sector the prices had experienced the largest year-on-year drop. Now the medical cannabis is available under 10 cents per mg in all the product formulations instead of high or balanced THC. For achieving this, the minimum prices are 11 & 16 cents per mg respectively.

And more progress used to result in the drop of prices. Now in the Australian market, there are 150 products available for cannabis doctors for prescribing which is just double the last year. All these factors indicate that the doctors of cannabis are now having access to more medical marijuana options when they are attending to their patients.

Is Medical Cannabis “Affordable” for Australians?

It was found that the per day average dose was enhancing. In the year 2018, which dose was 37mg/day, is now 92mg/day. Is estimated that this enhances the per day doses of cannabis is because of the combination of lower prices of cannabis.

Additionally, as there is a minimum recommended retail price of medical marijuana that is about 6 cents per mg. This price is just 25% of what the market price was 3 years ago. There is a huge benefit to consumers because of this drop down in the prices.

Annoying Lack of PBS Subsidy Lingers

As PBS doesn’t cover those medicines which are unauthorized by the TGA, there are still no subsidized prices for prescribed medical marijuana. This in turn makes medical marijuana out of reach of potential patients in Australia. Those medicines were cost-capped in 2019 at approximately $40.10 per prescription that is approximately about $6.50 per month for concession cardholders which were subsidized by PBS in Australia.

If we do the comparison, any prices or charges that are more than these amounts will definitely make unsubsidized medicinal marijuana to look expensive to patients. And taking this thing into consideration, those people who are suffering from complex conditions that are also impacting their ability to earn and have requirements of medical marijuana, such prices might be unmanageable for them.

There is a Hope of Lower Medical Cannabis Costs in Australia in Future

As the market is growing continuously, product options are also expanding, and the TGA is beginning to approve certain medical cannabis and CBD products. Prices are also going to get continuously down. The future of medical marijuana will also be dependent on the directions that are given by the Australian medical cannabis production & manufacturing market, & only time will tell us.

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