Cannabis regulators in Canada’s Northwest Territories (NWT) reduced prices of authorized marijuana merchandise by 10% in an effort to eradicate illicit marijuana gross sales.

The worth cuts, which took impact July 2, apply to all cannabis merchandise bought by the Northwest Territories Liquor and Cannabis Commission (NTLCC), the NWT authorities stated.

“With close to two years of legal sales, NTLCC has a better understanding of the operating costs associated with the distribution and sale of cannabis and is confident that it can reduce the price of these products while continuing to maintain a safe and secure retail regime,” the company famous.

NTLCC sells regulated cannabis out of 5 liquor shops throughout the huge northern territory, which is house to roughly 45,000 folks. It additionally operates a web based cannabis retailer.

“We will continue to assess the operations of the Northwest Territories Liquor and Cannabis Commission to find more ways to curb the illegal sale of cannabis in the Northwest Territories in a socially responsible manner,” NWT Finance Minister Caroline Wawzonek stated in a press release.

The worth of authorized cannabis has come beneath scrutiny because the nation legalized adult-use marijuana in October 2018.

In the previous yr, various Canada’s licensed cannabis producers have launched low cost manufacturers in an try to seize client demand for extra reasonably priced merchandise.

Some government-operated cannabis retailers have joined in on the price-cutting development.

For instance, New Brunswick’s Cannabis NB retailer not too long ago renegotiated prices with suppliers to present financial savings for patrons.

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