Price of Pot – The Legal Variety – Up 17 Percent Since October
Lack of supply partly to blame
It didn’t take long for the law of supply and demand to impact the price of legal pot.
A Stats Canada survey has found the cost of recreational pot – bought legally – has climbed from an average $6.83 per gram to just over $8 – an increase of more than 17 percent.
The price from illegal suppliers is about $6.50 for a gram.
It’s not just a lack of supply driving up the price. Taxes account for some of the increase, as well as a lack of competition.
The survey also found legalization has prompted more people to partake – 7.7 percent of respondents said they had purchased cannabis for the first time. Two-thirds first-time buyers purchased from legal sources.
