Ontario Levies Penalties Against Dozen Cannabis Stores For Not Opening on Time

Article by Michelle McQuigge, Globe and Mail

Ontario levies penalties against cannabis stores for not opening on time MICHELLE MCQUIGGE A container of cannabis is seen on display at the Hunny Pot, a cannabis store in downtown Toronto, on April 1, 2019. FRED LUM Available now: Cannabis Professional, the authoritative e-mail newsletter tailored specifically for professionals in the rapidly evolving cannabis industry

A dozen Ontario cannabis retailers are being financially penalized for failing to open their stores at the beginning of this month.
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Stores that missed the deadline would see the commission draw down $12,500 on a $50,000 letter of credit, and would risk losing the entire amount if they still weren’t up and running by the end of the month.
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The AGCO says it’s drawing down credit from 12 retailers that aren’t open yet, while ruling two others had their openings delayed for reasons beyond their control.
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The province’s 25th retail store, chosen from a wait list after an initial lottery winner was disqualified, isn’t expected to start operations until April 28.

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