Science & Medical

Cannabis. An increasingly more popular medicine in Germany

Economic benefits of cannabis are often overlooked due to legalization. Cannabis legalization is crucial for the economy and tax revenues. More and more people in Germany believe in the healing properties of medical cannabis. The increase in Sativex Oral Spray prescriptions increased is a great example, going from 1000 to 5556. This is why FDP demands increased cultivation of cannabis in Germany.

The numbers speak for themselves and allow only one conclusion: more and more people are beginning to realize that cannabis is not so bad after all, and is quite wrongly demonized as an addictive plant.

People suffering from health problems are realizing that four to five million cannabis consumers cannot be wrong if they use a forbidden balm for the body and soul – and this, despite the threat of punishment and social ostracism. Proof of this are the latest sale figures for cannabis preparations, which the federal government announced in response to a small request from the FDP parliamentary group in the Bundestag.

The cannabis industry already has had many ups and downs, and many problems that are not all solved yet. Laws and rules relating to cannabis around the world change quickly.

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Cannabis demand increased by over 50% between January and October

According to a study, sales of medical products containing cannabis grew by 51.09% between January and October 2019 – from $9.1 million (€8.23 million) in January to $13.8 million (€12.44 million) in October. According to the German government, sales of cannabis-containing preparations, in particular, have increased considerably. During this period, sales figures rose by almost 75% from $3.3 million (€2.97 million) to $5.7 million (€5.2 million).

Pharmaceutical companies and pharmacies were also able to make a good profit with unprocessed cannabis flowers. Last year, turnover increased considerably: in January, $4.2 million (€3.74 million) were booked, in October already $5.7 million (€5.2 million). The German government has not yet been able to present figures for the fourth quarter.

From 1000 to 5556 prescriptions per month

The increase in turnover achieved with Sativex Oral Spray shows the demand for cannabis medicines. In just ten months, the number of Sativex prescriptions increased from 1000 to 5556.

The increase in the demand for cannabis medicines has an excellent reference in the sales of the Sativex oral spray whose expansion has been noticeable. (Source)

In view of this development, the FDP demands increased cultivation of cannabis in Germany. The annual cultivation quantity of 2.6 tons of cannabis approved by the BfArM is by far not sufficient enough to meet the increasing demand. According to BfArM, Germany had to import 6.7 tons of cannabis last year. This expensive amount will remain for cannabis patients, even if the first cannabis harvest is brought in on German soil at the end of the year.

The FDP demands to increase the cultivation of cannabis in Germany to 50 tons per year

Wieland Schinnenburg, spokesman for addiction and drug policy of the FDP, does not want to accept the almost amateurish misjudgment: “I call on the federal government to increase the production quantities for medical cannabis from 2.6 to 50 tons per year. This quantity would not only cover his own needs in this country but would also make medical cannabis an export hit made in Germany,” the dentist and medical law attorney told the Berliner Morgenpost.

However, the Federal Government does not want to know anything about the export hit “Cannabis Made in Germany.” The CDU/CSU/SPD government coalition wants to wait for the four-year probationary period for the state-controlled cultivation of 2.6 tons of cannabis annually before it comes too late and is punished by life.

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(Featured image by AC Almelor via Unsplash)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Hemp.im, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in Hanf Journal, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Hemp.im assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Hemp.im is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.

Desmond O'Flynn

Desmond O’Flynn believes in minimalism and the power of beer. As a young reporter for some of the largest national publications, he has lived in the world of finance and investing for nearly three decades. He has since included world politics and the global economy in his portfolio. He also writes about entrepreneurs and small businesses, as well as innovation in fintech, gambling, and cannabis industries.

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