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Illicit pot market remains robust as price gap with legal industry widens: StatsCan Cannabis prices on the illicit market continue to undercut the legal sector, with the difference between the two markets widening to the second-highest amount since Statistics Canada began compiling crowdsourced data in 2018. The average price of cannabis in the illicit market during the fourth quarter of 2019 was $5.73 per gram, while the legal market was $10.30, according to StatsCan. The resilience of the illicit cannabis market is likely to weigh on the industry as it attempts to find a way out of its current slump. Bill Kirk, executive director at MKM Partners, said the growing price gap between the illicit and legal markets will likely limit the growth of the legitimate cannabis sector and hurt its chances for profitability. Cannabis Canada: Legal pot prices remain undercut by illicit market, StatsCan says – Article – BNN

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