In Canada, the Price Gap Between Legal and Black-Market Marijuana Is Near Its Peak
On Thursday, Statistics Canada issued its latest quarterly update about the development of that country's cannabis market, and one key set of figures in that report merits a closer look from investors.
On the retail pricing front, the gap between the average selling price of licensed cannabis and that of the illicit variety has widened, increasing the attractiveness of the latter.
In Q4, the price of a gram of legal marijuana rose slightly on a quarter-over-quarter basis to 10.30 Canadian dollars ($7.83), while illegal product cost an average of CA$5.73 ($4.36) per gram. The CA$4.57 ($3.47) gap between the two is the second-widest it has been since the law legalizing recreational cannabis in Canada first came into effect in late 2018.
Source Fool.com
