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Canada’s legal cannabis market needs 2 years to stabilize: analyst

Canada’s legal cannabis market needs 2 years to stabilize: analyst

Canadians should expect legal cannabis prices to fluctuate for roughly two years, according to an analyst tracking the market price for marijuana.

Brad Martin, director of Calgary-based Cann Standard, collects public price listings for cannabis and aggregates the numbers to establish an average.

“I think about two years will be the time span (for prices to stabilize),” Martin said.

He used legalization in Oregon, where supply was initially low and prices were high, as an example. A period of over-supply and price compression followed, he said.

“Of course, new product types are coming in within that two-year window so it will be hard to tell,” Martin said, referring to items such as edibles.

The lowest price available for a single gram of cannabis on Oct. 17 ranged from $5.25 in Quebec to $13 in Saskatchewan and $13.13 in the Northwest Territories.