The Yukon government aims to undercut the illegal marijuana market in the territory, setting the price for pot at $8 a gram, which officials say is cheaper than marijuana sold illegally.
“Our plan is to try to compete [with] or eliminate the illicit market, so the $8 a gram puts a value option in there,” said Steve Cummings, the director of operations for the Yukon Liquor Corporation.
The average price per gram for non-medical marijuana is $9.52 in Yukon, about $2 higher than the national average of $7.43, Statistics Canada reports.
The store will temporarily be on Industrial Road in a building currently under a Yukon government lease. Cummings said the exact opening date of the store is still unknown, but the liquor corporation is looking at Sept. 1 as a tentative date.
The federal law hasn’t been passed by Parliament yet, but it’s expected to happen this summer.
Cummings said the store over time will add higher-priced premium pot.
“There should be a wide selection whereas perhaps on your corner dealer right now is not as good a selection,” he said.