The Nova Scotia Liquor Corporation revealed their spring price adjustments will increase the cost of alcohol by 3.5 per cent, while cannabis prices are dropping 2.75 per cent.
NSLC Spokesperson Beverly Ware says compared to the regular increases imposed over the last five years this is the most significant. “In the past, our increases have all been around 1 per cent but this year due to pressures being felt by our suppliers and ourselves so this year we had to go in a different direction,” Ware said.
The NSLC opted to go with an overall 3.5 per cent increase so as to avoid any drastic price changes. “By doing this people won’t see massive spikes in particular products but rather will see it spaced out across similar products,” Ware said.
Although the NSLC is calling it a 3.5 percent overall increase Ware says that the increases will be done based on product types like wine, spirits, beer, etc. “There will be minor changes based on product categories but overall it will work out to the 3.5 per cent figure.”
On the Cannabis front prices are dropping a trend that has continued since the initial introduction of legal cannabis. “We continue to see cannabis prices drop as more companies become settled in the relatively new industry,” Ware said.
The price changes came into effect on March 25.
