Legal sales of cannabis edibles may not cut into black market, experts warn

The Ontario Cannabis Store, the province's pot distributor, has announced that a raft of new products is slated to start appearing in brick-and-mortar retailers on Monday and be available for online purchase 10 days later.

Edibles and comparable cannabis products became legal across the country in October, marking the second wave of the federal government's legalization scheme launched the year before, but Monday will mark the first time such products are available for government-sanctioned purchase in Ontario.The OCS said 59 new products, including a variety of vapes, edibles and a tea, will hit store shelves on Monday and be available for sale online effective Jan. 16.

Khan said federal health regulations that limit the amount of cannabis contained in legal products will pose a likely barrier. But Khan said a more formidable barrier comes from the way Ontario's cannabis market has evolved, with the OCS acting as both an online retailer and wholesaler of all cannabis products.

For its part, the OCS argues that its new slate of products can cut into black market sales. Edibles will cost between $7 and $14, beverages are priced at between $4 and $10, vape products will sell for between $25 and $125, topicals will be available for between $15 and $55, and concentrates are expected to sell for between $30 and $70.

Numbers he calculated after the first six months of legalization suggested Ontario implemented a 70 per cent markup on goods available at the time. That figure, while shy of the 90 per cent markup seen in Newfoundland, was also well above rates set in other provinces such as Quebec and New Brunswick.

I still haven't even walked into a dispensary. I refuse to give the government any more of my money & I support the local small business.

Hahahaha.

Look what happened to blackface.

Govt weed is overpriced and of poor quality. Get your shit together if you want to curb the black market. The market speaks for itself

It doesn't take an expert to figure this out. Five minutes on Google will give you all the data you need, if common sense is not reliable enough.

You can already make your own with legal retail cannabis oils...💡😎

As long as the prices are 5x higher and the quality 5x lower, legal cannabis will never cut into black market sales.

*illicit*

Duh

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New cannabis products may not eat into black market, experts sayThe Ontario Cannabis Store, the province’s pot distributor, has announced that a raft of new products is slated to start appearing in brick-and-mortar retailers on Monday and be available for online purchase 10 days later globebusiness Over priced low quality products don't compete well in any market globebusiness The government at all levels failed to make it competitive with the black market like they originally promised. They were so greedy they actually managed to lose money globebusiness Governments don’t compete well in the free market so they have to legislate a monopoly. Even then they can’t compete.
Source: globeandmail - 🏆 5. / 92 Read more »