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
Greg Quinn and Erik Hertzberg
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.