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Pot patients fear legalization will bump up prices

Senior Barb Weatherington with her husband, Rev. Ron Weatherington, who replaced Fentanyl patches with cannabis to treat her chronic spinal pain but is not happy about the medical marijuana taxes in Calgary on Wednesday October 24, 2018. Darren Makowichuk/Postmedia Photo by Darren Makowichuk / DARREN MAKOWICHUK/Postmedia

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When Calgary senior Barb Weatherington replaced fentanyl patches with cannabis to treat her chronic spinal pain, it seemed an ideal exchange.

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But with legalization of recreational cannabis threatening to bring a nearly 17 per cent federal excise tax into the medical marijuana equation in Alberta, the attractiveness of that switch dimmed, she said.

Pot patients fear legalization will bump up prices Back to video

“The fact I’ve been able to get off fentanyl, they seem to be penalizing me for doing something different, something much better,” said Weatherington, 78, who gradually increased doses of CBD oil to fully phase out Fentanyl about a month ago.

“I think it stinks.”

She fears that excise tax, if applied to her medication, could boost the now $90-a-month cost to treat the pain of her spinal stenosis — a narrowing of the channel housing the spinal cord.

The woman said she’s already noticed fewer side-effects from the CBD compared with fentanyl, though the opioid costs far less, about $17 a month.

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“When you’re a senior, that (tax) adds quite a bit of cost,” said Weatherington, adding that with the CBD oil, she enjoys greater mobility. “The cannabis is far less debilitating.”

That generally 10 per cent excise tax in other provinces is higher in Alberta to make up for the lack of a provincial sales levy and bring it in line with other provinces, said Andrew Hanon, spokesman for Alberta Treasury and Finance.

The nearly 17 per cent tax imposed on the wholesale cost is diluted to 10 per cent by the time it effects the higher retail price, he added.

Cochrane resident Colleen Kennedy, who’s been a medical cannabis patient for 1½ years, said she’s in the same situation, facing a hike to the $117 monthly price tag for her CBD and THC oil.

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“I can’t afford it, I’d have to go back to the synthetic version, something less effective,” said Kennedy, 43, who receives Assured Income for the Severely Handicapped (AISH) benefits.

Her cannabis medicine has reduced symptoms of Crohn’s disease and epileptic seizures by controlling pain and improving her sleep, she said.

Her father, Paul Kennedy, said he’s also benefited from the medicine that helps him sleep.

“It’s more pleasant than taking a sleeping pill,” he said.

He said the principle of adding a tax to medication when there wasn’t one before seems wrong.

“The notion that they would apply this to medical use is hard to accept . . . it’s a hideous tax grab,” he said.

“I don’t care about the recreational side being taxed but they should have looked at this differently.”

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For now, many of the licensed cannabis producers who directly supply patients have agreed to absorb those costs but it’s unclear how long they will, said Allan Rewak, executive director of the industry lobby group Cannabis Council of Canada.

“Producers believe it should not be subject to an excise tax, a sin tax,” said Rewak, adding growers are also being charged a 2.3 per cent federal gross levy on all revenues. “Those additional costs do place pressures on us.”

The federal government does exempt from the excise tax packaged products containing no more than 0.3 per cent THC that “consequently have little to no associated psychoactive effects,” Jack Aubry, spokesman for Finances Canada, said in an email.

“In addition, pharmaceutical products derived from cannabis are also exempt from the excise duty, provided that the cannabis product has a drug identification number (DIN) and can only be acquired through a prescription.”

Dental Market Size Worth $52.10Bn, Globally, by 2028 at 8.1% CAGR – Exclusive Report by The Insight Partners

– The Dental Market Size, Growth driven by the rising incidence of dental diseases, increase in demand for dental cosmetic procedures, growing incidence of malocclusions in children, technological developments, flourishing medical tourism in developing countries, increasing focus on body aesthetics, surge in the aging population, willingness to spend directly, and rising awareness about oral hygiene.

NEW YORK , March 11, 2022 /PRNewswire/ — The Insight Partners published latest research study on "Dental Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Dental Restorative, Dental Orthodontics, Dental Consumables, and Other Specialties) and Application (Hospitals, Dental Clinics, and Others)", the global dental market is expected to grow from $30.28 Bn in 2021 to $52.10 Bn by 2028; it is estimated to grow at a CAGR of 8.1% from 2021 to 2028.

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Market Size Value in

US$ 30,287.91 million in 2021

Market Size Value by

US$ 52,105.14 million by 2028

CAGR of 8.1% from 2021 to 2028

No. of Charts & Figures

Historical data available

Type and Application

North America; Europe; Asia Pacific; Latin America; MEA

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Dental Market: Competitive Landscape and Key Developments

Dentsply Sirona; Danaher; Align Technologies; Ivoclar Vivadent AG; 3M ; Carestream Dental LLC.; Zimmer Biomet; Ultradent Products Inc.; Planmeca OY; and Shofu Global are among the leading companies operating in the market. These players focus on expanding and diversifying their market presence and acquiring a new customer base, thereby tapping prevailing business opportunities.

In September 2021 , Planmeca Oy had entered into a binding contract to acquire the KaVo Treatment Unit & Instrument business from Envista Holdings Corporation. The acquisition will strengthen Planmeca's and KaVo's positions as leading providers of innovative solutions and increase Planmeca Group's annual revenue to more than EUR 1.1 billion .

In September 2021 , Dentsply Sirona partnered with Smile Train, the world's largest cleft-focused organization. For over 21 years, Smile Train has supported safe and quality cleft care for more than

1.5 million children in over 90 countries worldwide. Dentsply Sirona's commitment aims to advance the future of and access to cleft care.

In February 2021 , Zimmer Biomet Holdings, Inc. announced its intention to spin off the Company's Spine businesses to form a new and independent, publicly-traded company (NewCo). The planned transaction will enhance the focus of both Zimmer Biomet and NewCo to meet the needs of patients and customers and is expected to achieve faster growth and deliver greater value for all stakeholders.

Rising Incidence of Dental Problems Boost Dental Market Growth:

The incidence of dental and oral conditions, such as tooth canal infection, dry mouth, tooth loss, cavities, and dental trauma is rising globally. Periodontal diseases, injuries, tooth decay, and accidents are among the major causes of tooth loss. According to World Health Organization (WHO), over

3.5 billion people were affected by oral disorders in 2020. Along with caries and periodontal diseases, malocclusion is one of the most frequent oral cavity issues described as a tooth irregularity or a mal-relationship between the dental arches that are outside of the usual range. According to a study published in one of the NCBI journals in 2021, the prevalence of Class-I malocclusion in Africa was 89%. Moreover, the condition was found in 24.7% of Malaysians and 23.7% of Ethiopians.

Dental Market: Segmental Overview

The dental market, based on type, is segmented into dental restorative, dental orthodontics, dental consumables, and other specialties. The dental consumables segment held the largest share of the market in 2021. However, the dental orthodontics segment is estimated to register the highest CAGR during the forecast period.

The dental market, based on application, is segmented into hospitals, dental clinics, and others. The hospitals segment held the largest share of the market in 2021; however, the dental clinics segment is estimated to register the highest CAGR during the forecast period.

Impact Of COVID-19 Pandemic on Dental Market:

In 2020, the COVID-19 pandemic led to the implementation of stringent lockdown regulations across several countries, resulting in disruptions in import and export activities of dental products. Due to the spread of SARS-CoV-2, many countries and cities were shut down, causing treatments and doctors/dentist appointment cancellation. Patients suffering from critical dental issues need physical attention in the clinics to perform procedures. It includes root canal obturation, root repair, tooth decay, root canal treatment, and tooth cavity treatments. Among chronic health conditions, dental diseases are one of the most preventable public health challenges in the US. Due to the rising intensity of the COVID-19 pandemic, the patients are not able to visit the dental clinics and the limited availability of staff, which have negative impact on the dental market.

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As per the CDC Guidance for dental settings, the US has prioritized the most critical dental services and provided care to minimize harm to patients from delaying care to them from potential exposure to SARS-CoV-2. The interim guidance has been renewed based on currently available information about the COVID-19 pandemic and the US current circumstances. As dental healthcare departments begin to resume elective procedures by the administration from local and state officials, a few anticipations should remain in place as a part of the ongoing response to the COVID-19 pandemic. Precautions such as wearing eye protection in addition to a facemask to ensure the eyes, nose, and mouth are all protected from virus.

Browse Adjoining Reports:

Digital Orthodontics Market Forecast to 2028 – Covid-19 Impact and Global Analysis – By Product ( X-rays, Lasers, White Light, 3D impressions, 3D imaging ); Technology ( Digital Photography, Computer-Aided Design/Computer-Aided Manufacturing, Intraoral Scanners, 3D Printing ); End User ( Hospitals, Clinics, Ambulatory Surgical Centers ) and Geography

Invisible Orthodontics Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Product Type (Clear Aligners, Ceramic Braces, Lingual Orthodontics, Clear Retainers); Age Group (Children, Adolescent, Adults); Application (Excessive Spacing, Crowding, Open Bite, Abnormal Eruption, Others); End User (Hospitals, Ambulatory Surgical Centers, Dental Clinics) and Geography

Orthodontics Market Forecast to 2028 – Covid-19 Impact and Global Analysis – By Equipment (Dental chairs, Dental Lasers, Hand Pieces, Light Cure, Scaling Unit, CAD/CAM Systems, Dental Radiology Equipment); Consumables (Anchorage Appliances, Ligatures, Brackets, Archwires)

Dental Consumables Market Forecast to 2028 – Covid-19 Impact and Global Analysis – By Product (Dental Restoration, Orthodontics, Periodontics, Infection Control, Endodontics, Whitening Products, Finishing and Polishing Products, Other Dental Consumables); End User (Dental Hospitals and Clinics, Dental Laboratories, Other End Users)

Dental Manufacturing Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Consumables (Dental Implants, Dental Prosthetics, Dental Burs, Dental Biomaterial, Endodontic Supplies, Other Dental Consumables); Equipment Type (Dental Radiology, Dental Lasers, Dental Hygiene Maintenance, Dental System and Parts, Other Dental Equipment); End User (Hospitals, Clinics, Dental Laboratories) and Geography

Digital Dentistry Professional Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Dental consumables, Dental equipment); End-user (General hospitals, Dental Hospitals, Dental Clinics)

Dental Equipment Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Products (Dental Lasers, Diode Lasers, Dental Radiology Equipment, Digital Sensors, Casting Machines, Dental Chairs, Dental Hand pieces, CAD/CAM); End Users (Dental Laboratories, Hospitals, Clinics)

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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