We are officially 5 short days away from the legalization of marijuana! It makes me proud to be a Canadian, we will officially be the biggest country to legalize cannabis. This all sounds great right? There is one big challenge I see though, and that is the price of legal weed to the consumer.
Up above is the pricing per gram, for different quality. It almost looks good until you read that it says wholesale pricing. What this means is that the store you go to will be purchasing it at this price. In order for a store to afford its rent, employee costs and other bills, they will need to sell at a minimum pricing of $8 per gram for the lowest quality and premium will be starting at $15 at the least. At these numbers, it will be very hard for a business to be competitive to the black market but this will only be for a short period of time as my belief is that the government will increase the amount of legal producers to increase supply and lower cost. As more consumers go to legal stores as the price falls, the black market price will continue to fall as well due to supply/demand fundamentals. This will start to cause the black market to shrink as more growers will go out of business due to higher risks, and lower profitability. It will take time for this to happen, but the day where legal weed at a fair pricing will come.
I would urge you all to message the provincial government to request them to work on lowering the price of legal weed. You can email them here: [email protected]
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I am the working on a start up company called Luxury Green. Anyone interested in investing in this industry on a retail chain store should contact me.
John-236-777-7101
If it's Govt weed, I wouldn't start at good and scale up lol. I'd rank it more like: Kill you now (worst), kill you later, disgusting and unenjoyable, mostly filler but luckily not poison (best). And then I'd have to add the taxes and fees and taxes on fees, etc.
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