Illicit pot market still robust as prices beat legal sources: StatsCan

The resilience of the illicit cannabis market is likely to weigh on the industry as it attempts to find a way out of its current slump of the licit market
Bloomberg (Canada)
Thursday, January 23, 2020

canada ottawa cannabisThe difference between cannabis prices on the illicit and legal markets in the fourth quarter of last year widened slightly from the prior three-month period, according to new figures from Statistics Canada. The average price of cannabis in the illicit market during the fourth quarter of 2019 was $5.73 per gram, slightly higher than the $5.65 reported in the prior quarter but below the $6.44 mark tallied in the year-earlier period, data from StatsCan showed in its quarterly release of crowdsourced pricing information. The average price of legal cannabis in the fourth quarter was $10.30, edging higher from the $10.12 observed in the prior quarter and up from the $9.69 in the fourth quarter of 2018. (See also: Affordable legal cannabis should be priority as illegal pot prices drop, experts say)