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.

The GN’s authorized online agents sold less cannabis in the second quarter of 2019 than in the first quarter.

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.

 

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Derek Neary

Derek Neary has been reporting on developments in the North for 18 years. When he's not writing for Nunavut News, he's working on Northern News Services' special publications such as Opportunities North,...