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 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

An Island Health nurse prepares a dose of COVID-19 vaccine. (Photo courtesy Island Health)
Health authority opening 19 clinics to immunize Vancouver Island residents

Health authority anticipates more than 40,000 people will be immunized over the next month

The Alberni Valley’s Emergency Operations Centre is located around the corner and below the Alberni-Clayoquot Regional District office. (AV NEWS FILE PHOTO)
ACRD, First Nations to partner on regional evacuation route

Union of BC Municipalities grants $82K for route development

Traffic on Cherry Creek Road is at a standstill as emergency vehicles deal with the aftermath of a collision on Saturday, March 6, 2021. (PHOTO COURTESY TONY SHUMUK)
Air ambulance called for motor vehicle incident near Port Alberni

Helicopter lands on field near Cherry Creek Road

The Alberni Valley Bulldogs have teamed up with the WCGH Foundation in the past to deliver stuffed animals to patients at the hospital. (AV NEWS FILE PHOTO)
Alberni Valley Bulldogs hope to score large donation for West Coast General Hospital

Challenge is part of a league-wide initiative to help give back to teams’ communities

A Port Alberni RCMP car blocks access to Anderson Avenue at Burde Street. (RCMP PHOTO)
Replica firearm prompts police incident in Port Alberni

RCMP had blocked off a neighbourhood while searching for ‘man with a gun’

Elvira D’Angelo, 92, waits to receive her COVID-19 vaccination shot at a clinic in Montreal, Sunday, March 7, 2021, as the COVID-19 pandemic continues in Canada and around the world. THE CANADIAN PRESS/Graham Hughes
‘It’s been a good week’: Tam hopeful on vaccines as pandemic anniversary nears

Tam says the addition of two new vaccines will help Canadians get immunized faster

Const. Allan Young. Photo: Abbotsford Police Department
Manslaughter charge laid in Nelson death of Abbotsford police officer

Allan Young died after an incident in downtown Nelson last summer

(The Canadian Press)
‘Worse than Sept. 11, SARS and financial crisis combined’: Tourism industry in crisis

Travel services saw the biggest drop in active businesses with 31 per cent fewer firms operating

Pictures and notes in from friends and classmates make up a memorial in support and memory of Aubrey Berry, 4, and her sister Chloe, 6, during a vigil held at Willows Beach in Oak Bay, B.C., on December 30, 2017. THE CANADIAN PRESS/Chad Hipolito
Mother of slain daughters supports recent changes to Canada’s Divorce Act

Sarah Cotton-Elliott said she believed her children took a back seat to arranging equal parenting

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

The Port Alice pulp mill has been dormant since 2015. (North Island Gazette file photo)
Parts recycled, life returning to inlet as as old Port Alice mill decommissioned

Bankruptcy company oversees de-risking the site, water treatment and environmental monitoring

Victoria man Brett Andersen is asking for people’s help to secure him one of eight free tickets to the moon. (Screenshot/@brettandersen Instagram)
Victoria man wants your help securing a free ticket to the moon

Japanese billionaire offering eight people a trip to the moon

The Conservation Officers Service is warning aquarium users after invasive and potentially destructive mussels were found in moss balls from a pet store. (BC Conservation Officers Service/Facebook)
Aquarium users in B.C. warned after invasive mussels found at pet store

Conservation officers were told the mussels were found in a moss ball from a Terrace pet store.

Most Read