First decrease in the price of legal cannabis since legalization

Finance News

The average price of legal cannabis has declined for the first time in the country since legalization came into effect on October 17, 2018 by the Justin Trudeau government.

“The average price of legal cannabis fell to $ 10.23 per gram in the third quarter from $ 10.65 per gram in the second quarter,” Statistics Canada reported on Wednesday.

The average price of legal cannabis was $ 9.75 per gram in the fourth quarter of 2018, on the heels of legalization, before rising in the next two quarters.

Illegal cannabis also saw its average price drop from $ 5.94 per gram in the second quarter to $ 5.59 per gram for the most recent period from July 1 to September 30.

In total, the average price was $ 7.37 per gram in the third quarter, which is less than the $ 7.87 that consumers had to pay in the second quarter.

In general, the more quantities purchased by a consumer, the lower the price of cannabis, according to the federal agency.

The average price per gram was $ 10.23 for quantities less than 1.49 grams compared to only $ 5.86 for 28 grams or more.

Statistics Canada states, however, that “caution must be exercised when interpreting and using these data” since the sample for these results is self-selected, not random, and the number of sources is limited.

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