Article by Daily Hive
Ontario Premier Doug Ford was busy announcing his buck-a-beer plan yesterday but has remained silent on the future of the province’s cannabis retail model.
Rumours began circulating within the cannabis community at the end of July that Ontario might be shifting away from government-run Ontario Cannabis Stores to include private retail.
The rumours have been neither confirmed nor denied, leading to more speculation as to when an announcement will be made and what it will entail.
According to industry leaders in the cannabis retail space, it’s unlikely that private retail stores will be open for legalization on October 17.
“It’s time-consuming to get municipalities to approve where you’re located,” Peter Horvath, former executive VP for Victoria’s Secret and current CEO for Green Growth Brands, told Daily Hive over the phone.
“Physically, in the traditional retail world, if you knew where you want to have a store, to actually build it out with permits and inspections and contractors, it’s four to six months.”