Illegal pot now 44% cheaper then legal pot

“This overall price increase is attributable to legal cannabis,” the federal agency said in a report.

The overall average price was $7.37 per gram in the third quarter, and $7.87 per gram in the second quarter.

The price gap between the legal and illegal market widened, according to the data. The average legal price increased to $10.30 per gram in the fourth quarter from $9.69 per gram a year earlier, while the average price of illegal cannabis decreased to $5.73 per gram in the fourth quarter of 2019 from $6.44 per gram in the fourth quarter of 2018.

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Spending on legal and illegal cannabis in the third quarter of 2019 totalled $1.5 billion. Of these purchases, 38.2 per cent were made legally.

Dried flower represented the lion’s share of cannabis spending in the third quarter, at 60.7 per cent, followed by vape (19.5 per cent), and edibles (seven per cent). Only dried flower and some oil products were legal in the first three quarters of 2019.

Quebec had the lowest legal cannabis prices on average in 2019 at $7.88 per gram. New Brunswick had the highest legal prices at $11.36 per gram.

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