Cannabis Price Plunged in 2019, Almost Matches the Illegal Price, Says Ontario Cannabis Store

Article by Toronto Star

Cannabis buds lay along a drying rack at the CannTrust Niagara Greenhouse Facility in Fenwick, Ont., in this 2018 photo. BUSINESS Cannabis price plunged in 2019, almost matches the illegal price, says Ontario Cannabis Store The Ontario Cannabis Store says the median price of dried flower dropped 25 per cent in its first full year of operation since legalization in a bid to compete with the illegal market.

The Ontario Cannabis Store says the median price of dried flower dropped 25 per cent in its first full year of operation since legalization in a bid to compete with the illegal market.

The illegal price was $8.23 per gram, compared with $8.56 at OSC.ca and $10.84 at retail stores.

Ontario consumers spent $385.1 million for 35.1 million grams of cannabis online and at retail stores over the 12 months ended March 31, even as supply was constrained in the first six months.

More than 81 per cent of the spending was done at retail stores, whose number increased to 53 in the fourth quarter from 22 a year earlier. There are now 87 stores operating in the province.

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