BEING the richest country in the world seems to have some inherent advantages.
For Luxembourg has just spent €3m on 30 kilograms of medical cannabis – equating to the tidy sum of €100 per gram, reports Newsweed.
“The chosen offer is that of Canopy Growth Germany in collaboration with Tilray Germany. The products of the two suppliers come from Portugal and Canada,” said the Luxembourg Minister of Health Paulette Lenert in a written response addressed to a parliamentarian.
Ms Lenert also specified that the Grand Duchy will receive 28.5 kilograms of cannabis flowers with a THC 18% / CBD ratio <1%, and 2.25 kilograms of herb balanced in THC / CBD.
This delivery is welcome in Luxembourg. The country has experienced a shortage of medical cannabis since March. The 700 or so patients treated with the flowers will soon be able to resume their treatment. This particularly concerns those who suffer from serious illnesses with chronic pain, cancer, or multiple sclerosis.
Equivalent To 100 Euros Per Gram
But this supply comes at a high price. 100 euros per gram is unheard of. “It must be a mistake, it’s not possible!, says Bertrand Rambaud, the representative of the Francophone Union for cannabinoids in medicine.
“Typically, wholesale purchase prices range from $2 to $3 per gram. Then on resale, it is around 7 euros. When I went to the Netherlands, the Bedrocan was sold at around €7.20 per gram. “
Luxembourgers also seem confused by this purchase price. In the commentary space of the newspaper L’Essentiel, many Internet users share their surprise: ‘100 euros per gram?! But it’s big nonsense’,’ Luxembourg is known to throw money down the drain’, ‘There must be an error, or then an intermediary who takes a good commission in the process’, were just some of the comments.
However, the government should not have too much trouble paying so much. Luxembourg is the richest country in the world, in terms of wealth per capita, according to the latest figures from the World Bank.
But now, we will have to see how much Luxembourg medical cannabis will sell for. “If they buy it at 100 euros per gram, they will not sell it for 10 euros,” added Mr Rambaud.