Grey Market Cannabis Sellers Deeply Undercutting Legal Market, Data Shows
Online grey market cannabis sellers are competing with the legal market by undercutting it and offering deep volume discounts, data released by Statistics Canada shows.
Sellers in the legal market ask about $10 a gram, on average, and rarely offer discounts of any kind.
StatsCan’s survey of grey-market mail-order marijuana sites showed that very small purchases, under two grams, were in line with the legal market at about $10.
But the more a customer was willing to buy, the more prices fell: at 28 grams or more, the sites charged $5.86 a gram in the third quarter of this year. In late 2018, they were charging $4.83.
– Read the entire article at Global News.