Legal pot price up to 80% more than illicit market: StatsCan

The average cost of a gram of cannabis from the illicit market continues to drop as legal prices rise — with authorized retailers charging as much as 80 per cent more, according to an analysis by Statistics Canada.

The government agency said Wednesday that the average price of an illegal gram of pot was $5.93 in the second quarter, down from $6.23 in the previous quarter and $6.51 in the prior quarter.

The cost of a legal gram of weed, however, was $10.65, up from $10.21 in the previous quarter and $9.82 in the fourth quarter of 2018, based on self-submitted quotes.

At $10.65, legal cannabis in the second quarter is roughly 80 per cent more costly than the $5.93 price tag on illicit weed.

READ MORE HERE: www.bnnbloomberg.ca/legal-pot-price-up-to-80-more-than-illicit-market-statscan-1.1285183