In an attempt to combat the illegal cannabis market, Nova Scotia legalized cannabis in 2018. Bev Ware, a spokesperson for the Nova Scotia Liquor Corp, said the average price of a single gram of cannabis in Nova Scotia now stands at $6.50, down by nearly 40% since legalization in 2018.
Financial figures from the NSLC's second quarter show that cannabis sales are up roughly 20%, to a total of $26.6 million, while average cannabis prices dropped by 13%. This means that, while Nova Scotia customers were buying more cannabis each trip to the NSLC, they were paying about 12% less.
"The last couple of price reviews, suppliers have been reducing their prices, and they're also offering us more value-priced products to offer to our customers," Ware said.
Read the complete article at cbc.ca.
