Legal Weed In Canada Struggles To Compete With Black Market

[Swordsmyth]

Six months after Canada became the first country in the developed world to legalize marijuana, legal sales of dried cannabis flower went up in smoke as consumers shifted to illicit markets.
A marijuana shortage left the industry in shock earlier this year and caused concerns that Canadian cannabis producers were not properly structured to handle the massive demand from the Canadian marketplace.

As a result, a majority of marijuana sales in the country -- approximately $5 billion -- were transacted on the black market, compared to $2 billion in legal sales, according to new government data from January 2019.
Pot smoking Canadians purchased 6,671 kilograms of legal cannabis in February, down 9% from January, and the lowest amount since October when 6,415 kilograms were sold, according to Health Canada.
While the legal cannabis market has been hit with supply chain bottlenecks and overpricing, the black market continued to flourish into 2Q.
Canadians paid 57% on average more for legal cannabis than they did from their drug dealer, according to the data.
Since October [the month when pot became legal], consumers purchasing legal cannabis paid $7.47 per gram on average, compared with buyers on the black market who paid an average $4.70 per gram.


More at: https://www.zerohedge.com/news/2019-...e-black-market

[Dr.3D]

The only reason there is a black market is because the government is involved.

Is there a black market in wheat?

[pcosmar]

Canadians paid 57% on average more for legal cannabis than they did from their drug dealer, according to the data.
Since October [the month when pot became legal], consumers purchasing legal cannabis paid $7.47 per gram on average, compared with buyers on the black market who paid an average $4.70 per gram.


More at: https://www.zerohedge.com/news/2019-...e-black-market

Where are these Black Market Dealers?

I'm always looking for a Deal..

Washington State. Legal. Store Bought and Taxed at 37%.

"Hawaiian Dutch" 7 grams for $15. $2 a gram..


And all the Stores in the area are having 420 Sales on Saturday.. should be deals.

Every state had shortages at first,, till production keeps up with sales. no surprise in Canada.