Cannabis prices in Canada have soared since legalization with prices on the black market now reportedly less than half that of licensed dispensaries.
The average cost of a dried gram has rocketed since legalization last October, according to users who voluntarily entered what they paid into aThe difference between legal and illegal prices is even more dramatic, with a gram in regulated stores averaging $9.99 per gram compared to less than $6.40 on the black market, some 57 per cent cheaper.
“To be honest I’ll probably just continue purchasing from my friends and from dispensaries,” a cannabis customer outside The Hunny Pot, Toronto’s first legal store, told CTV earlier this month.The average cost in Ontario now sits at $8.05 per gram, one cent above the national average. According to StatCan, B.C. has seen the smallest post-legalization price increase of any province, with the cost of a gram rising by 3.7 per cent to $7.15.
But many Canadians still prefer to go to regulated shops, where growers and retailers take a cut of profits and the Government gets tax revenue.forecasts total spending on legal cannabis in Canada to grow from $569 million in 2018 to $5.2 billion in 2024.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Legalization sparks curiosity in people who haven’t used pot in years or everNearly 14 per cent of cannabis users surveyed by Statistics Canada from mid-November to mid-December had just begun using weed within the previous three months
Read more »
Ontario Cannabis Store To Lose $25M Amid ‘Federal Mismanagement’Ontario Cannabis Store set to lose $25M this year amid 'federal mismanagement' ONbudget ONpoli
Read more »
Why is there so much poop in black market weed?No shit, scientists just found dookie in our doobies, and we’re ready to hurl over here
Read more »
Legalization Has Brought Out People Who Haven't Used Pot In YearsSome of the Canadians who have enjoyed weed since legalization had never tried it before.
Read more »
Injured veterans turning to medical marijuana in increasing numbersCannabis use in veterans has skyrocketed according to Veterans Affairs Canada, which is now paying $65 million in weed costs. Meanwhile, there’s also been a decrease in opioid use in vets.
Read more »
10 odd facts about marijuana that you probably never knewWhat does Shakespeare, the U.S. Founding Fathers and the pigs in Bhutan have in common? You “weed” be surprised
Read more »
Border patrol finds four duffel bags containing 108 pounds of weed at a popular New York state parkAgents reported seeing a suspicious helicopter flying unusually low and hovering over the parking lot in Beaver Island State Park at Grand Island
Read more »
What are some of the side effects of smoking weed? Here’s what you need to knowHere’s a quick guide
Read more »