Marijuana Prices Are Falling in Canada Before Legalization
- Expanding supply driving down prices as consumption increases
- Government statistics office tracks weed market back to 1961
Marijuana Legalization Could Pose a Big Threat to Alcohol Companies
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Canadian marijuana prices are tumbling as supplies rise, an indication profits for producers in the soon-to-be-legal market may be slimmer than previously thought.
The average cost per gram fell 7.7 percent in 2017 from a year earlier, the steepest drop in a decade, according to data published Thursday by Statistics Canada. Recreational users may be free to indulge themselves as soon as July.