Ontario’s Private Sector Retail Cannabis Plan Draws Pot Industry Approval

Article by CBC News

Ontario's private sector retail cannabis plan draws pot industry approval Facebook LinkedIn Email Reddit Public sector union wants to make government's plan an issue in upcoming municipal elections CBC News The Ontario government new plan for the sale of recreational cannabis will see the province launch online sales on October 17, but sales at 'bricks and mortar' stores won't begin until April 1, 2019. (Associated Press)

Several cannabis companies and business groups are applauding the Ontario government’s new plan to add private retailers to its plans for the sale of recreational pot in the province.

The new plan — which will see the province launch online cannabis sales on  October 17 — means sales at ‘bricks and mortar’ stores won’t begin until April 1, 2019. The recently elected Progressive Conservative dumped the Liberals’ plan for the province to keep on a monopoly on cannabis sales that would have seen the government operate 150 brick-and-mortar stores by 2020.

Aurora Cannabis Inc., one of the major players in Canada’s pot industry, and Alcanna Inc., which runs 229 private liquor outlets in Alberta, B.C. and Alaska, offered kudos to the province for change in how cannabis will be sold.

The two companies say they have already scouted out over 100 potential retail locations in the province. The businesses said they have a licensing deal that will allow Alcanna to open retail cannabis stores under the Aurora name once regulations permit.

“Allowing a private retail channel in Ontario for recreational cannabis is good news for industry, consumers, and taxpayers, and will go a long way to making a meaningful impact on the grey market,” Aurora CEO Terry Booth said in a statement.

Jay Wilgar, the CEO of Newstrike Brands and its subsidiary, Up Cannabis, expressed similar sentiments.

Read the full article here.

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