CannStandard: Dried Flower Prices for October 2023

| Brad Martin

This article offers a comprehensive analysis across nine provinces and two territories exploring average whole-flower product prices.

The data covers January 2021 to November 2023 and was obtained from publicly accessible listings on both private and provincial websites. This analysis is intended to provide stakeholders and consumers with current market price averages.

Scope

Provinces and territories under consideration are Alberta, British Columbia, Manitoba, Newfoundland, Nunavut Territory, Ontario, Saskatchewan, Yukon Territory, New Brunswick, Nova Scotia, and Prince Edward Island. All prices are in Canadian dollars (CAD). Please note that sales taxes are not included in these prices.

Prices are displayed as an average and separated into main package sizes. The package sizes under consideration are 1 gram, 3.5 grams (often referred to as an eighth or as a half quarter, which refers to the fraction of an ounce 3.5 grams approximates), 7 grams (a quarter ounce), 14 grams (a half ounce), and 28 grams (an ounce). 

Price Averages

This section examines the static average retail prices of whole-flower cannabis sales by package size. The date range is from January 2021 to October 2023 inclusive. The averages from this time range vary from $10.47 for the 1-gram package size to $132.66 for a 28 gram (1 ounce) package.

Chart showing the Average of Price and Price Per Gram
Figure 1 – Static averages for price and price per gram spanning January 2021 to October 2023

The average price per gram of whole-flower cannabis decreases as the package size increases. The difference between a 1 gram package at $10.47 per gram and a 3.5 gram package at $9.85 per gram is $0.62 per gram, or a 5.92% decrease. Between a 3.5 gram package at $9.85 per gram and a 7 gram package at $7.49 per gram, we have the most significant decrease of the set in absolute dollar amounts at $2.36, representing a discount of 23.90%. Between the quarter-ounce and half-ounce package sizes with prices per gram of $7.49 and $6.63, respectively, we have a difference of $0.86, which represents an 11.48% decrease in price. Finally, between a 14 gram package at $6.63 per gram and a full-ounce package at $4.74 per gram, we have a difference of $1.89, representing a discount of 28.5%, the most significant percent decrease between tiers in this set.

Finally, if we compare the average price per gram of 1 gram packages at $10.47 to the average price per gram of 28 gram packages at $4.74, then the difference in average price is $5.73 or a discount of 54.71%.

Figure 2 – Monthly price for 1 gram, 3.5 gram, 7 gram, 14 gram, and 28 gram packages

One Gram Packages

In November 2023, the average price for a 1-gram package was $10.25, up $0.07, or an increase of approximately 0.71% from September’s average of $10.18.

Eighths

For a 3.5 gram package in November 2023, the average price per gram was $9.43, a decrease of approximately 1.09% or $0.11 from the average price of $9.32 in September 2023.

Quarter Ounces

The average price per gram for a 7 gram package in November 2023 was $6.92, down from the September average of $6.95 by $0.03, marking a decrease of 0.43 percent.

Half Ounces

For a half-ounce package, the average price in November 2023 was $6.61 per gram, a decrease of 0.06% from the September price per gram for this package size of $6.61, representing a downward change of $0.00.

Ounces

The November 2023 average price per gram for an ounce package was $4.73, representing a decrease of 1.45% or $0.07 from September 2023’s average of $4.80.

Brand Level Price Averages

Now let’s take a look at the maximum and minimum average prices per gram at a brand level.

Beginning with the least expensive brands across all package sizes in October 2023, we have Big Bag O’ Buds at $3.34 per gram, followed by Versus at $3.35 per gram. Next, we have Popcorn with an average price per gram of $3.42, Fleurs de Lise at $3.50 per gram, and Pure Laine at $3.53 per gram. Of note, from floor to ceiling of the bottom five in price per gram, the difference is a mere $0.19.

Figure 3 – Least expensive brands by price per gram for October 2023

Finally, we examine the most expensive price-per-gram brands across all package sizes. Here we proceed from the least to most expensive, starting with Distinkt, which was listed with an average price per gram of $12.30, followed by Habitat at $12.74 per gram average, third most expensive from our research is Volo at an average price per gram of $12.84, then Celebrity at $13.00 per gram, and finally HighXotic with an average price per gram of $14.52.

Figure 4 – Most expensive brands by price per gram for October 2023

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