Marijuana prices fall in Canada
January 26, 2018 By Greg Quinn and Erik Hertzberg Bloomberg
Canadian marijuana prices are tumbling as supplies rise, an indication that profits for producers in the soon-to-be-legal market may be slimmer than previously thought.
The average cost per gram fell 7.7 per cent in 2017 from a year earlier, the steepest drop in a decade, according to data published Thursday by Statistics Canada.
It’s not a lack of demand that’s driving prices lower. Spending on the drug has climbed by 6 per cent a year on average since 1961.
“Falling marijuana prices will indeed pose a challenge to producers,” said Bloomberg Intelligence analyst Kenneth Shea. | READ MORE
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