Cannabis retailers and producers hope an upcoming move by Ontario’s pot distributor to lower its price markups will help an industry still struggling to compete with the illicit market.
Source: Ontario is lowering its markups on pot, as cannabis companies struggle to stay afloat | CBC News
tl;dr: wholesale markup reduced 31% -> 25% (most) or 23% for dried flower. not likely to make a big dent in prices.
“Currently, the OCS wholesale markup adds on average 31 per cent to what’s called the landed cost of cannabis. That’s the price that licensed producers charge OCS, which includes the federal-provincial excise tax of $1 per gram.”
“OCS is moving to new markup rates of 25 per cent on most cannabis products and 23 per cent on dried flower.”
