Median price of dried cannabis dropped 25 per cent in Ontario last year

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Discussion posted by: David McNamara

TORONTO – The Ontario Cannabis Store says the median price of dried flower dropped 25 per cent in its first full year of operation since legalization in a bid to compete with the illegal market. The illegal price was $8.23 per gram, compared with $8.56 at and $10.84 at retail stores. Ontario consumers spent $385.1 million for 35.1 million grams of cannabis online and at retail stores over the 12 months ended March 31, even as supply was constrained in the first six months. More than 81 per cent of the spending was done at retail stores, whose number increased to 53 in the fourth quarter from 22 a year earlier. There are currently 87 stores operating in the province.