British Columbia have been much slower than their colleagues in Ontario, Quebec and Alberta in passing legislation ready for recreational…Read more
Market and Consumption
According to Health Canada, currently around 1,900 kilos of dried cannabis (what we would call cannabis leaf) and 2,100 kilos of cannabis oil are sold every month in Canada and growers have stocks of around 25,000 kilos of dried cannabis and 6,000 kilos of cannabis oil.
Price in Canada
Currently in the black market, cannabis sells for between $185 and $215 an ounce in Canada, so you would assume levels will be set slightly higher than that so as not to encourage a massive increase in cannabis use but not so high that it allows a black market to continue to thrive.
Across Canada there are more than 201,000 registered medical cannabis users but the recreational levels are much higher, with Deloitte estimating that 22% of Canadian adults classify themselves as cannabis users and 6.5% consuming cannabis every day.