In Canada, getting high off marijuana doesn’t come at a high cost—at least compared with the U.S.
Cannabis is 30% cheaper in Canada than in the parts of the U.S. where it is legal, according to a report released this week from data analysis firm Priceonomics. In the U.S., an eighth of an ounce of marijuana costs $40 on average, versus just $27.90 in Canada.
To produce its report, Priceonomics analyzed data from Wikileaf, a company that tracks the price of weed at dispensaries across the U.S. and Canada.
The report also found regional differences in marijuana prices. Cannabis is most expensive in San Francisco, where an eighth of an ounce costs $43.80. Meanwhile, it’s cheapest in Vancouver, Canada, where it will set consumers back only $27.10 for an eighth.
n. If the bill does pass, recreational marijuana sales could be legal as soon as this summer.
Dispensaries and growers anticipate that marijuana sales will spike in the wake of legalization, Priceonomics said. Consequently, companies are stockpiling cannabis products in preparation. “With marijuana, as with most things, when the supply is high, the prices are not,” the report said.
Credits: marketwatch.com
