The price of bud has risen more than 17 per cent since it became legal for recreational use, according to Statistics Canada.
The Canadian Broadcasting Corporation reports
With more folks lighting up, and thorny supply issues in some provinces, the price has jumped to $8.02 per gram from $6.83.
Using an updated version of its crowdsourcing app, Statistics Canada collected price information prior to legalization Oct. 17, and compared it to the average price between that day and the end of 2018.
Of the 385 price quotes it used from that period, half of those purchases were from legal suppliers.
Legal pot costs more. The average price for dried cannabis from a legal supplier was $9.70 per gram, compared to $6.51 from illegal suppliers.
David Clement said it’s not surprising that the price of pot has risen. The North American affairs manager for the Consumer Choice Centre, a consumer advocacy group that monitors regulatory policy around the globe, said there are two main factors pushing up cannabis costs — taxes and lack of competition.