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Ontario Mulls Selling Pot for Less Than Black-Market

  • Province working with regions on unified price, Sousa says
  • Industry may consolidate amid legal sales, MedReleaf says
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Photographer: James MacDonald/Bloomberg
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Ontario will try to sell legal pot for a price low enough to squash the black market.

The government plans to establish a price for recreational marijuana that isn’t too high in order to eliminate illicit sales, Ontario Finance Minister Charles Sousa told reporters after a cabinet meeting Wednesday. Black-market marijuana sales currently range between C$8 ($6.50) to C$13 a gram across Canada, and Ontario is consulting provinces across the country to determine “a unified price,” he said.