Ontario To Issue 50 New Cannabis Store Licences, Eight To Go To First Nations

Article by Financial Post

Ontario to issue 50 new cannabis store licences, eight to go to First Nations AGCO Alcohol and Gaming Commission of Ontario

Ontario is set to get 50 more cannabis retail stores starting in October.

The finance minister and attorney general say the Alcohol and Gaming Commission of Ontario will hold a lottery for 42 retail store authorizations.

Another eight stores will be located on First Nations reserves through a separate process.

For this lottery, the government says there will be pre-qualification requirements to ensure the readiness of applicants.

The 42 stores selected through the lottery will be distributed regionally, with 13 in the city of Toronto, six going to the Greater Toronto Area, 11 in the west region, seven going to the east region, and in the north, one each in Kenora, North Bay, Sault Ste. Marie, Thunder Bay and Timmins.

Read the full article here.

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