Germany reveals wholesale medical cannabis price at 2.3 euros per gram, signaling no windfall for suppliers

MJ Biz report, “The German federal government will buy at least 650 kilograms (1,433 pounds) of medical cannabis flower from domestic producers for approximately 1.5 million euros ($1.66 million) per quarter, which sets the average wholesale price at 2.3 euros per gram.” The wholesale price implies that the high margins medical marijuana companies once enjoyed in that market could soon become a thing of the past. ../.. They must supply the Federal Institute for Drugs and Medical Devices (BfArM) with a combined total of 650 kilograms per quarter. The BfArM expects to receive the first shipments at the end of 2020. Full story at Germany reveals wholesale medical cannabis price at 2.3 euros per gram, signaling no windfall for suppliers  

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Source : CANNANNEW REPORT
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