Bonomo emphasises the importance of quality control, saying that the upfront work is worth it in the long run. “For products to be listed on the ARTG, there is a process. It’s a complex process, but it’s a necessary process to make sure that those quality products do get listed.”
And when it does arrive, it could well be a price point that will shut a lot of people out. In the UK, a bottle containing a 300mg dose of CBD oil – enough for two days’ use at the TGA-approved level – costs about A$40.
Though ARTG registration is a high hurdle, there are huge potential earnings on the table. The director of Southern Cannabis Holdings, Tim Drury, believes the over-the-counter market for CBD oil will “exceed $200m per annum”.
The Australian Medical Association did not support the TGA’s decision to down-schedule the substance, citing the lack of ARTG-listed products – alongside the potential for interactions with prescription medicines, and a need for more evidence.
“And therein lies the problem – there are no good clinical trials that show CBD at 150mg [the daily dose approved by the TGA] is actually effective.”
CBD’s medicinal status in Australia is much different from the situation in other countries where the substance is available without a prescription, such as the UK and US. In the UK, low-dose CBD oil can be sold as a dietary supplement, but not a medicine. In the US, the substance is not approved on a federal level, but in some states it is possible to buy everything from pet food to bottled water to Martha Stewart branded gummies containing CBD. “You have this runaway train that’s way beyond the evidence available,” says McGregor.
But those afflicted with pain, anxiety or simple curiosity looking to buy CBD would have received a disappointing response from their pharmacists this week. While the substance itself is hypothetically legal, no product containing it has been approved by the Australian Register of Therapeutic Goods (ARTG) – a requirement of sale.
This article aims to discuss the price of CBD oil in Australia and the best method to calculate the cost per millilitre (ml) or milligram (mg).
Read more about calculating the cost of medicinal CBD oil per bottle or mg/ml here!
You may be sceptical about products purchased online from overseas. However, they may seem to be medical-grade, even though Australian regulatory authorities have not approved them.
Factors affecting CBD oil prices
The combination of CBD and THC oil products are typically more expensive. You can expect to pay Each CBD oil product and brand is priced differently, but we can easily break down the cost per mg with some basic math..15 to THC(8) is known to be less psychoactive than CBD. A higher ratio of CBD to THC can result in less psychoactive effects..55 per mg for combination oils (CBD & THC).
In this example, we will take a quick look at the estimated cost of a larger 60ml bottle of CBD oil.
Using the prices per milligram (mg) of each cannabinoid, both THC and CBD, you will find that CBD is priced between We can now easily see which bottle is better value for money, so you can make an educated choice when you are looking at the different CBD oils..10 and Here are some other articles that may interest you:.55 per mg in each comparison bottle.
The average monthly cost of CBD oil is estimated to be between $150-400 in Australia. Every situation is different, but the prices for medicinal CBD oil products have never been more affordable.
The answer is yes, if you are consuming it for medical reasons. The Therapeutic Goods Administration in Australia is the governmental entity that is in charge of regulating CBD, deeming it a controlled substance under poison and drug laws, thus falling under the medical cannabis program.
In case you are interested in purchasing CBD medicines that contain a higher daily dosage than the one mentioned above, you’ll need to speak with your doctor. He or she will consider the treatment options available and in case CBD is one of them, they can prescribe it to you. While it’s possible to buy these products in a pharmacy, your doctor might have to apply for a special access scheme for you to be allowed to purchase it. The answer to this application usually takes 2 business days.
Australia is actually expected to become one of the leading growers of industrial cannabis, but the plant itself, and especially CBD is still very much controlled. The good news is that in December 2020, the Therapeutic Goods Administration (TGA) announced that low-dose cannabidiol items are now available to be sold over-the-counter.
Can you buy CBD in Australia legally?
Certain doctors are authorized prescribers, which means that they don’t require an additional approval from the TGA to prescribe medicinal marijuana to any patient.
People are allowed to obtain CBD through an authorized prescriber or via the Special Access Scheme. There are certain cases as well where the patients can acquire CBD through clinical trials. The CBD allowed for consumption in Australia must contain a maximum of 0.2% THC.
There is a lot to be said about the legislation of CBD and any other cannabis component in Australia. We can start by clarifying that cannabis itself has been decriminalized by the Australian government in 2016, however, you must understand that decriminalized does not mean the same thing as legal – it simply means that even though it is not legal to purchase or consume cannabis, it is not considered a crime.
You should also take into consideration that, since the CBD market in Australia is relatively new, there isn’t a lot of variety in terms of items in the pharmacies. The ideal option to find a wide range of options is to check out online shops from other countries, namely from the United States and countries in Europe, as the laws are more relaxed there allowing for the shops to be able to offer different types of items.