Ontario consumers spent $385.1 million for 35.1 million grams of cannabis online and at retail stores over the 12 months ended March 31, in a June 8, 2020 story. (Photo by THE CANADIAN PRESS)

Median price of dried cannabis dropped 25 per cent in Ontario last year: OCS

Ontario consumers spend $385.1 million on cannabis

TORONTO — The Ontario Cannabis Store says the median price of dried flower dropped 25 per cent in its first full year of operation since legalization in a bid to compete with the illegal market.

The illegal price was $8.23 per gram, compared with $8.56 at OSC.ca and $10.84 at retail stores.

Ontario consumers spent $385.1 million for 35.1 million grams of cannabis online and at retail stores over the 12 months ended March 31, even as supply was constrained in the first six months.

More than 81 per cent of the spending was done at retail stores, whose number increased to 53 in the fourth quarter from 22 a year earlier. There are currently 87 stores operating in the province.

Dried flower made up 79 per cent of sales by volume and generated nearly $275 million for 27.8 million grams. Pre-rolled was second-most popular, generating $42.6 million, oils was third at $26.3 million, vapes followed at $14.8 million and capsules at $11.3 million.

Consumers spent an average of $90.12 per order with the average order being nine grams at the Ontario Cannabis Store website. Each retail store sold an average of 3,100 grams per day, generating $25,000 in sales.

“The numbers from our first full year of commercial operations show steady growth despite constrained supply that the limited the ability of the Ontario marketplace to rapidly expand the number of access points as quickly as desired,” says OCS president and CEO Cal Bricker.

This report by The Canadian Press was first published June 8, 2020.

Cannabis

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

UPDATED: Red Deer has nine active COVID-19 cases

Number of cases increased by 107 Friday

“My world exploded,” says Bentley-area farmer who’s swather was struck by a motorist

Dennis Duncan was a mile from home when his swather was struck by another travelling at high speeds

Man sentenced to 7 years for gas-and-dash death of Alberta gas station owner

Ki Yun Jo was killed after Mitchell Sydlowski sped off in a stolen cube van without paying for $198 of fuel

New owners of Sylvan Lake Canadian Tire looking to be big part of the community

Randy and Alison Patton are the new owners of Sylvan Lake Canadian Tire

Notley to stay on as Alberta NDP leader for 2023 provincial election

The NDP took almost all of Edmonton but few seats outside of the city

Young Canadians have curtailed vaping during pandemic, survey finds

The survey funded by Heart & Stroke also found the decrease in vaping frequency is most notable in British Columbia and Ontario

B.C., Alberta sending nearly 300 fire personnel by Friday to help battle wildfires in Oregon

Some 230 firefighters, most from British Columbia but including a number from Alberta, will be deployed Friday

Death of mother grizzly a ‘big loss’ for bear population in Banff park: experts

The bear, known as No. 143, spent most of her time in the backcountry of Banff

U.S.-Canadian border closure reportedly could extend through November

The border between the two countries has been closed to non-essential travel since March 21

Threat of fall federal election eases as COVID-19 cases continue to rise

Congeniality emerged as fears of second wave of COVID-19 were heightened after another case increase

Intoxicated male arrested by Ponoka RCMP passes away after fall

Incident remains under investigation by ASIRT

Most Read