Pot prices up 17.3% post-legalization, large hikes in NB and Manitoba: StatCan

TORONTO — The average cost of dried cannabis has gone up by more than 17 per cent since legalization, with consumers in New Brunswick and Manitoba seeing the biggest jumps, according to an analysis compiled by Statistics Canada.

As well, the cost of a legal gram of weed appears to be rising as illegal cannabis prices drop.

Statistics Canada said Wednesday the unweighted average price per gram of dried cannabis from both legal and illegal sources combined post-legalization was $8.04. That legal price, which includes online and in-store purchases, amounts to approximately 17.3 per cent more than the pre-legalization price of $6.85.

Buyers from legal sources since Oct. 17 last year have paid an average of $9.99 per gram, about 56.8 per cent higher than the average illicit market price of just $6.37 per gram. Those who prefer shopping in legal brick-and-mortar shops say they are paying even more, the government agency said.

“Consumers purchasing from an in-store government-licensed retailer paid $10.73 per gram, making this source of purchase the most expensive,” Statistics Canada said in a report.

The agency based the conclusions on price quotes gathered using the StatsCannabis crowdsourcing application between Oct. 17, 2018, when Canada legalized pot for recreational use, and March 31. However, the agency urged caution when interpreting the data because the sample is self-selected and the responses are limited in number, particularly in smaller provinces and in the territories.

During that period, StatsCannabis received 1,129 new submissions, 936 of which passed the editing and screening process, the agency said.

The latest data appeared to signal that the price of illegal pot is slipping.

In the government agency’s previous report — based on 385 “plausible” price quotes gathered via StatsCannabis between Oct. 17 and Dec. 31 last year — the average price paid for a gram of dried cannabis from legal and illegal suppliers was $9.70 and $6.51, respectively.

By comparison, the latest StatsCannabis data gathered post-legalization until March 31 showed that the average price of legal and illegal cannabis was $9.99 and $6.37 per gram, respectively.

Price movements varied widely between provinces and territories as well.

New Brunswick’s pre-legalization cannabis prices were among the lowest in Canada, but the province has seen the biggest post-legalization price surge with an increase of 30.5 per cent to an average of $8.27 per gram.

Manitoba saw the second-largest post-legalization price hike, with an increase of 27.7 per cent to an average of $9.14 per gram.

“Respondents in British Columbia reported a 3.7 per cent increase in price since legalization, the lowest increase among the provinces,” Statistics Canada said.

The highest average post-legalization price per gram was in the Northwest Territories at roughly $14.45 per gram, marking a 13.7 per cent increase since legalization. Quebecers had the lowest average price per gram at $6.75, up 15.9 per cent post-legalization.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Red Deer gets $7M from province for an emergency 24/7 homeless shelter

Councillor says the location will be decided through community consultations

‘Finer focus on job creation:’ Alberta government files red-ink budget

EDMONTON — The Alberta budget is counting on oil and gas bouncing… Continue reading

WATCH: Tabling of the 2020 Alberta budget

Alberta Premier Jason Kenney is scheduled to reveal the provincial budget at… Continue reading

VIDEO: Grumpy sea lion resists help back to water in Washington state

Crews were able to coax her into a crate to carry her back to water

Your community calendar

Feb. 19 A Liberation of Holland event is being held at the… Continue reading

Gardening: Taking a break from the winter

Looking for a break from winter and dream of summer without leaving… Continue reading

Ottawa imposes new rules to protect fragile population of right whales

HALIFAX — Canada has rolled out new measures to protect the critically… Continue reading

Canada pumps nearly 900 billion litres of raw sewage into waterways since 2013

OTTAWA — Canada’s old-fashioned city sewer systems dumped nearly 900 billion litres… Continue reading

Federal government in good financial shape, provinces not so much: PBO

OTTAWA — The federal Liberals could add billions of dollars in spending… Continue reading

Ottawa’s LRT line leaves thousands out in the cold during heavy snowstorm

OTTAWA — Many transit riders in Ottawa were left out in the… Continue reading

All eyes on Wet’suwet’en chiefs’ meeting with federal, provincial ministers

SMITHERS, B.C. — The hereditary chiefs of the Wet’suwet’en First Nation prepared… Continue reading

Scheer appears to backtrack on commitment not to allow debate on abortion

OTTAWA — Conservative Leader Andrew Scheer appears to be backtracking on a… Continue reading

Most Read