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

B.C. firefighters only responding to most life-threatening calls during COVID-19 pandemic

The directive comes after province spoke with paramedics, fire services, according to top doctor

‘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

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

Bella Coola Heli Sports closed, says no confirmed cases of COVID-19 reported in their operation

The company has committed to informing the community if a case is reported

COVID-19 case confirmed at Subway restaurant in Cache Creek

Customers who visited the site from March 25 to 27 are asked to self-isolate

‘Better days will return’: Queen Elizabeth delivers message amid COVID-19 pandemic

The Queen said crisis reminds her of her first address during World War II in 1940

Emergency aid portal opens Monday, cash could be in bank accounts by end of week: Trudeau

Emergency benefit will provide $2,000 a month for those who have lost their income due to COVID-19

Education, not enforcement: B.C. bylaw officers keeping a watch on physical distancing

A kind word, it turns out, has usually been all people need to hear

COVID-19: Hospitals remain safe for childbirth, say Vancouver Island care providers

North Island Hospital has been asked to share its perinatal COVID-19 response plan

Canadian cadets to mark 103rd anniversary of Vimy Ridge April 9 virtually

Idea of Captain Billie Sheridan in Williams Lake, B.C. who wondered what to do in times of COVID-19

B.C. VIEWS: Pandemic shows need for adequate care home staffing

Seniors in B.C. care homes face challenging times

QUIZ: How much do you know about hockey?

Take this test and find out how well you know Canada’s most popular winter sport

Most Read