11:01:49 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



CannaRoyalty Corp
Symbol CRZ
Shares Issued 56,318,410
Close 2018-10-22 C$ 7.52
Market Cap C$ 423,514,443
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Globe says Cronos, rivals should fear the black market

2018-10-22 06:51 ET - In the News

See In the News (C-CRON) Cronos Group Inc

The Globe and Mail reports in its Saturday, Oct. 20, edition that for many consumers, the decision to buy legal or illegal cannabis comes down to price. The Globe's Mike Hager writes that long-time users are already grumbling about the price of legal pot, which will keep them looking for cheaper alternatives from dispensaries and black-market dealers. Allen Doolan, a 60-year-old retired longshoreman who has consumed cannabis regularly since he was 16, said he was disappointed with the British Columbia government's new cannabis website when it launched this week. He said: "Most of my dispensaries are open, and I will continue to shop there until they make it more competitive. Right now, the government is not competitive." Farm dispensary co-owner Neal Galbaransingh says one of his most popular items are the $2 prerolled joints, especially among locals living on social assistance. The government's cheapest prerolled joint is at least double that and could be as high as $16 when you include delivery. Self-described "cannabis educator" Jonathan Hirsh says, "Until you bring in the brain trust [of the illegal pot business], there's no chance -- 0-per-cent chance -- that we kill the black market."

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