Why cannabis prices are plunging – unlike just about everything else

Cannabis producers were harvesting far more than Canadians could possibly smoke or ingest
The Globe and Mail (Canada)
Monday, May 2, 2022

canada cannabis stock brokerAs Canadians deal with the highest inflation in decades and broadening price hikes, one industry remains locked in a lengthy trend of discounting and bargain rates: cannabis. Laden with inventory, producers and retailers of marijuana have been slashing the prices of their products to bring in cash and fight for market share – a situation that is wildly different from the state of affairs in most other industries, in which broad economic forces are pushing up prices among competitors. Prices for recreational and medicinal cannabis have dropped by 8.3 per cent and 10.2 per cent, respectively, over the past year, and by roughly 25 per cent in both categories since the end of 2018, according to Statistics Canada.