Prices for recreational cannabis dropped by seven per cent in December 2019 compared to December 2018, largely due to holiday sale pricing, according to Statistics Canada. (Black Press Media File) Prices for recreational cannabis dropped by seven per cent in December 2019 compared to December 2018, largely due to holiday sale pricing, according to Statistics Canada. (Black Press Media File)

Prices for recreational marijuana in B.C. down from a year ago

New inflation figures show gasoline, housing and certain kinds of food cost more

British Columbians spent more on gasoline, housing and certain kinds of food, but less on recreational marijuana in December 2019, according to new inflation numbers from Statistics Canada.

The Consumer Price Index (CPI) rose 2.2 per cent in December 2019 compared to December 2018. Excluding gasoline, the CPI rose two per cent, the smallest gain since November 2018.

Gasoline prices in December 2019 were 7.4 per cent higher than the same month the previous year, as energy prices as a whole rose 5.5 per cent on a year-over-year basis.

RELATED: B.C. craft cannabis growers wind through layers of government

Mortgage interests also rose six per cent on a year-over-year basis, as one of the top factors in the overall increase. The price of fresh vegetables also rose by 1.5 per cent. This said, the increase has actually slowed down when compared to December 2018, when lettuce price rose following an E. coli outbreak.

Higher cannabis inventories contributed to falling prices for recreational cannabis. Compared to December 2018, they dropped by seven per cent in December 2019, largely due to holiday sale pricing.

Demand for the product has certainly risen. In 2018, 5.03 million Canadians aged 15 and over reported consuming cannabis, with 718,176 reporting daily use. In 2014, the figure was 4.36 million, with 621,188 reporting daily use. As of 2018, the latest available year for data, the federal government recorded 1,601 licensed sources of cannabis for domestic production and a total of 17 licensed retail stores, figures that have gone up since.


Like us on Facebook and follow @wolfgang_depner

wolfgang.depner@peninsulanewsreview.com

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

Just Posted

Northern Health ready for COVID-19 surge

Health authority confident with inventory of ventilators

‘An extra $220 every 90 days’: B.C. patients pay more dispensing fees due to prescription limits

Kelowna woman says it’s outrageous to charge for refills every 30 days

Sinclar Group curtailing all sawmill operations temporarily

Nechako Lumber, Apollo Forest Products and Lakeland Mills to be curtailed for three weeks starting April 5.

Letter: Update on post spring-break plans from SD91

By Manu Madhok, Superintendent of Schools Dear Parents/Guardians, As we officially end… Continue reading

Skeena Bulkley Valley MP calling for halt on sport fishing licenses to out-of-province fishers

Bachrach and Courtenay-Alberni MP Gord Johns co-signed the letter to the Minister of Fisheries

‘Hold our line’: 29 new cases of COVID-19 announced in B.C.

Saturday’s number of new cases marks the lowest in weeks.

Two inmates found positive for COVID-19 at federal prison in B.C.; other tests pending

15 staff self-isolating waiting results, refusal to work notice sent, says correctional officer

Critic, workers’ group ‘disappointed’ Trudeau chose Amazon to distribute PPE

Amazon Canada said in an email to The Canadian Press that it is working with Canada Post, Purolator

How to cope with your mental health during a global pandemic

Becca Shears, clinical counsellor in Vanderhoof speaks about ways to deal with stress and anxiety during this time.

Full World COVID-19 update: National Guard collect ventilators in New York; Spain, Italy improve

Comprehensive coronavirus update with news from around the world.

Two people fined after B.C. police spot online ads re-selling 5,000 surgical, N95 masks

Police confiscated the masks, being sold at inflated prices, and now working with Fraser Health

Sex workers face new risks during COVID-19 pandemic

‘Desperation has kicked in’ for vulnerable, undocumented workers unable to access help

Unclear if Cowichan couple refusing to self-isolate will face penalty

No fines or charges have been laid to date, including Cowichan couple who won’t self isolate

Most Read