The Government of Nunavut has reduced its markup on dried cannabis to $1 per gram from $4 per gram as sales declined between the first and second quarters of 2019.
Nunavummiut ordered 2,190 grams of cannabis products through GN-approved online outlets between April and June. That netted the GN $10,194 in markup revenue.
However, those sales were weaker than the January to March period when Nunavummiut purchased 3,481 grams of cannabis through GN-authorized agents. That put $15,602 in GN coffers from the markup.
As of the end of December, legal cannabis prices in Nunavut, at $14-$16 per ounce, were substantially higher than the Canadian average, which stood at $9.70, according to Statistics Canada.
The GN issued a public service announcement late last week reminding Nunavummiut that buying cannabis through agents approved by the GN and the Nunavut Liquor and Cannabis Commission is the only legal means of obtaining the drug. Those agents list their products at www.verticalcannabis.ca and www.tweed.com
The GN also advised that edible cannabis products are not yet available for legal purchase in the territory.