Legal Pot Costs $9.70 Per Gram Versus $6.51 on Grey Market: StatCan

Article by Armina Ligaya, CTV News

Legal pot costs $9.70 per gram versus $6.51 on illicit market: StatCan

A legal gram of cannabis in Canada costs nearly 50 per cent more than illicit pot, according to a new analysis of price quotes compiled by Statistics Canada.

The average price of a legal gram of medical or non-medical weed during the fourth quarter last year was $9.70, compared to the black market price of $6.51, the Ottawa-based agency said on Wednesday.

The conclusions were based on price quotes gathered using the StatsCannabis crowdsourcing application between Oct. 17 — when adult-use pot was legalized in Canada — and Dec. 31.

Roughly half of respondents indicated they bought cannabis from a legal channel, such as government-run stores or websites, based on 385 price quotes the agency deemed plausible.

Still, StatCan said caution should be used when interpreting the crowdsourced data.

“These estimates are subject to potential statistical bias because the sample is self-selected and responses are limited in number,” the agency said in a release on Wednesday.

Prior to Oct. 17, the unweighted price per gram of cannabis was $6.83 last year, based on the 19,442 submissions by Canadians to the StatsCannabis crowdsourcing application. Post-legalization during the fourth quarter, the overall average price of legal or illegal cannabis per gram was $8.02, or 17.4 per cent higher.

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