Cannabis Prices In Canada Are Way Lower Than In The U.S., Data Shows

Article by Daniel Tencer, Huffington Post

Cannabis Prices In Canada Are Way Lower Than In The U.S., Data Shows We're not encouraging marijuana tourism here, but....

As Canadians, we constantly pay higher prices than Americans for almost everything from apparel to alcohol to air travel.

But at least it turns out we get a break on one item: marijuana.

Cannabis Prices In Canada Are Way Lower Than In The U.S., Data Shows We're not encouraging marijuana tourism here, but....

According to Wikileaf, a website that tracks cannabis prices at dispensaries in the U.S. and Canada, Americans typically pay US$40 for an eighth of an ounce of marijuana, versus US$27.90 (C$36) for the same amount of weed in Canada.

At current exchange rates, Canadians are paying about 30 per cent less for cannabis than Americans.

Cannabis Prices In Canada Are Way Lower Than In The U.S., Data Shows We're not encouraging marijuana tourism here, but....

“Part of the reason cannabis is so much cheaper in Canada than the United States is there is a much longer history of legalization in Canada, and thus a larger supply of legal marijuana growers and sellers,” the Wikileaf blog notes, referring to the fact that medical marijuana has been legal in Canada since 2001, following a court ruling that in essence ordered the government to allow it.

“While cannabis companies in the United States can’t even have bank accounts, in Canada there are publicly traded cannabis companies on the stock market,” Wikileaf noted.

Read the full article here.

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