Cannabis Stats Hub Says 4.9 Million Canadians Bought Cannabis Last Year

Article by Robertson, Lift News

Statistics Canada launched a Cannabis Stats Hub today, where they’re publishing cannabis-specific data about Canadians such as usage by province, cannabis crime information and consumer spending by province. In 2017, close to 5 million Canadians between the ages of 15 and 64 spent $5.7 billion on cannabis for both recreational and medical purposes, buying 774.2 tonnes of weed products at an average of $7.43/g, or $1,200/year. They report 90 per cent of those purchases were for non-medical purposes.

They also break cannabis prices down by province: British Columbia has the most inexpensive weed at an average of $6.94/g and the Territories have the most expensive, calculated to be $9.52/g. Prices peaked in 1989 at about $12/g and has trended downward since. The average price in 1961 was just $5/g.

For anyone who thinks the government agency’s numbers, particularly the prices, seem a little off, StatsCan warns that results published on the hub are estimates based on surveys conducted from 1961 to now. That’s why they’ve launched a crowdsourcing tool to maintain a database of prices. Users can input the price, amount, location and purpose of the cannabis purpose, and they’ve also included three grades of product: low quality, medium and high. But how the quality level is defined isn’t clear.

In September, the Ontario government indicated they would be setting prices in government-controlled stores around the $10/g range for dried flower products in an effort to compete with the black market. The federal government has also indicated there will be an excise tax added to medicinal cannabis to ensure prices are on-par with the recreational market.

Read full article here.

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