Cannabis Retail Companies Flock to Ontario in ‘Frenzy,’ Despite Silence From Province on Pot Plans

Article by Farrah Merali, CBC News

Cannabis retail companies flock to Ontario in 'frenzy,' despite silence from province on pot plans Facebook Twitter Reddit LinkedIn In recent weeks, companies have rushed to secure retail locations to sell pot in Ontario Farrah Merali · CBC News Private pot retailers are flocking to Ontario, in spite a lack of clarity from the new provincial government about how it wants the industry to operate. (Sean Kilpatrick/Canadian Press)

Despite no official word from the province on how it plans to manage the sale of recreational cannabis come October, private retailers are flocking to Ontario to set up shop.

“Ontario is a frenzy right now in terms of entrepreneurs, real estate developers — anybody within the cannabis infrastructure,” said David Martyn, president of Starbuds Canada and Compass Cannabis Clinic.

“The level of anticipation that’s building up is massive right now.”

Martyn said Starbuds — a cannabis retailer originally based in Colorado —  has already secured multiple locations in Ontario. The medicinal arm of the company, Compass Cannabis Clinic, already has locations open throughout B.C. and Alberta.

“Within the industry, the rumblings have been going on for three weeks through very reliable sources that private retail would happen [in Ontario],” said Martyn on the company’s decision to push ahead despite no formal announcement from the Ontario government.

Reports emerged the week before last that the province was opening the door to private retailers in the legal pot industry, but provincial officials have kept mum ever since.

Read the full article here.

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