The local cannabis retail market is getting extremely competitive.
Three cannabis retail stores have already opened in Midland – and another two are on the way. Applications have also been submitted for three pot shops on Main Street in Penetanguishene.
“I always expected (the industry) to be competitive. I didn’t know it would be this competitive,” said Katy Perry, owner and operator of the Toke Cannabis retail chain.
“I think there is a disconnect between what people envision the industry to be like and what it is actually like. A lot of people are entering the industry with this idea of a green rush or gold rush, but in reality, it’s hard.”
Toke Cannabis operates a retail store at 262 King St. in downtown Midland. It is one of three stores currently open in town. Friendly Stranger is located at 542 Bay St. and Speakeasy Cannabis is located at 9170 County Road 93.
An application has been submitted by Speakeasy to relocate to 9225 County Road 93, inside the Huronia Mall.
These five stores will all be within three kilometres of each other.
There are no regulations in the Cannabis Licence Act restricting the number of stores allowed in a particular area. Cannabis retail stores are permitted anywhere retail operations are permitted. However, they must be a minimum of 150 metres away from a school.