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

Altitunes Festival in Kelowna unveils its full lineup

The Arkells, Dear Rouge, Andrew Judah and more will take the stage Apr. 4

Malindi Elmore: Shattering national running records at 39

She recently shattered the Canadian women’s marathon record at the Houston Marathon in January

Top employers give tips to succeed at Black Press Career Fair in Kelowna

The Black Press Extreme Education and Career Fair takes place Mar. 12. at the Rutland Soccer Dome

Tracy Gray: From business to politics

She was the first female MP elected to represent Kelowna-Lake Country in 2019

Vees have a short-handed romp over visiting West Kelowna Warriors

The Penticton Vees scored three short-handed goals to take a 1-0 series lead over West Kelowna

‘Shocking but not suprising’: Sexual assaults at B.C. tree planting camps unearthed by survey

Contractors’ association is working with trainers to create respectful culture

New York performer can’t wait to bring Chicago to the South Okanagan

The timeless, award-winning musical comes to the South Okanagan Events Centre March 28.

Lawyer gets house arrest for possessing child porn

Maple Ridge resident gets nine-month term

Okanagan students earn innovation award at B.C. robotics challenge

Kalamalka Secondary students awarded in Victoria

Notorious B.C. fugitive to be extradited from California on murder charge

Brandon Nathan Teixeira submitted to extradition during court proceedings Thursday in Sacramento

Mitchell’s Musings: Karma is king

One good turn leads to another and another…

Canada prepared to monitor for community spread of COVID-19: Tam

The U.S. confirmed one case of the new coronavirus, or COVID-19, in California Thursday

Most Read