Cannabis Company Cancels Plans For Retail Store In Altona

A Calgary based company has dropped its plans to establish a retail cannabis store in Altona. Westleaf was going to set up a cannabis shop in Altona’s downtown commercial district, but a company spokesman says they’ve decided against the move.

Adam Coates, the company’s chief commercial officer, said challenges connected to the pricing of legal cannabis were part of the reason behind their decision to discontinue their plans to sell legal marijuana in Altona.

Companies selling legal marijuana are struggling to stay competitive with the black market when it comes to pricing. Statistics Canada reports the average price of legal cannabis increased to $10.30 per gram between October and December 2019 compared to the average price for illegal cannabis which fell to $5.73 per gram in that same period.

Written by Dean Penner Pembina Valley Online

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