What Plummeting Cannabis Prices Mean for Canadian Marijuana Investors

Article by Chris MacDonald, Motley Fool

What Plummeting Cannabis Prices Mean for Canadian Marijuana Investors

Just to be clear, the retail price of marijuana in Canada remains stable for now.

Now underway in full force in Canada, the legalization experiment has drawn attention from around the world. Canada is the first G7 country — and only the second country in the world — to legalize cannabis at the federal level. Absent accurate data to capture what consumers actually paid for their weed pre-legalization (it was illegal, after all), the government has made pricing and taxing decisions largely on the basis of what other regions of the U.S. and other Western nations have done in terms of medical and recreational marijuana pricing given the length of time many of these places have had to gather data.

In that regard, it may be useful to glean from the experience of other locales what may be in store for Canada’s largest pot producers, such as Canopy Growth Corp. (TSX:WEED)(NYSE:CGC).

The Colorado experiment

The first North American locale to legalize recreational pot, Colorado has gathered the best data set on long-term pricing changes relative to any other district which has undergone legalization in the world.

Read the full article here.

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