It may no longer be expensive to go the legal route. Ontario Cannabis Store (OSC) has finally decided to reduce the price of 50 different marijuana products. The retail company said during a press conference on Friday, January 3, 2020, that it now has a gram of weed available for $5.
The OSC is selling their “Original Stash” strand for this price. “A medium THC potency Indica that delivers a fruity, earthy profile. Naturally, sun-grown in hybrid greenhouses,” a description of the product reads.
To put it in context, post-legalization, Ontarians were paying $8.05 per gram, an 8% increase from the $7.42 pre-legalization. So, $5 is actually quite the steal for legal weed buyers.
CTV reported that the decision to reduce prices was made in an effort to fight back against the flourishing illegal market.
It was also announced that several edible cannabis products would be available in stores next week.
However, officials with Ontario’s pot distributor are cautioning that supplies will be limited at first.
Cannabis edibles first became legal back in October. Still, they were forced to wait out a 60-day approval period imposed by Health Canada, which caused a delay in the product's ability to hit shelves.
OSC officials confirmed on Friday that a limited number of new products would be shipped out to licensed retailers on Monday.
Those same products will then become available for purchase on the retail website on January 16, 2020.
“Licensed producers for many months have been looking at Cannabis 2.0 products as a significant opportunity for their companies." David Lobo, OCS Vice-President of Corporate Affairs, told CP24.
"So we expect that the supply shortages on these products will not be as long and lingering as they were with the initial dry cannabis and oils that were legalized in October 2018.”
“That said, we expect the supply that will come to the initial stores to potentially sell out within the first week. As quickly as it comes to us, we are going to move supply through the system,” he added.
Cannabis-infused chocolates will cost between $7.50 and $16 per package, while tea bags are expected to be priced between $7 and $11.
Beverages, which aren’t included in the initial release, will cost $4 to $10 per 355 millimetre can when they are released in late February.