Competition Grows in Germany’s Medical Cannabis Extracts Market

Article by Alfredo Pascual, Marijuana Business Daily

NEWS BRIEF Competition grows in Germany’s medical cannabis extracts market

Canadian cannabis producer Tilray announced the availability of a new full-spectrum extract for Germany’s medical market, the company’s first product in that market offering a larger CBD concentration than THC.

The product has 5 milligrams of THC per millilitre and 20 milligrams of CBD per millilitre.

Tilray’s announcement didn’t disclose the size of the bottle.

A pharmacist told Marijuana Business Daily the new extract is being sold to pharmacies for 276 euros ($311).

In 2017, Tilray became the first company to start selling full-spectrum extracts in Germany, even before starting sales of its own flower.

It was followed by Canada’s Aurora Cannabis in 2019, and more recently by Vertanical, which is based in Gräfelfing, near Munich.

Currently, German pharmacies can order full-spectrum extracts from:

  • Tilray, offering three products, one high in THC, one high in CBD and a third one balanced.
  • Vertanical, also offering a high-THC extract, another one high in CBD and a balanced one.
  • Aurora, offering only a THC-high extract.

The variety of full-spectrum products is much smaller than that of flower, with at least 30 cultivars being consistently available for pharmacists to order throughout the last month.

However, MJBizDaily‘s Medical Cannabis in Europe report estimated that sales of full-spectrum extracts represented just 4% of total sales covered by statutory health insurance in Germany in 2019, although that percentage is growing.

Recent massive imports of flower into Europe for further processing indicate that more extracts could soon become available.

Read the full article here.

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