The Illicit Market Has a Competitive Advantage Over Ontario Retail Stores. And Numbers Reflect This Once Again

Article by Angela Stelmakowich, Growth Op

NEWS The illicit market has a competitive advantage over Ontario retail stores. And numbers reflect this once again More stores, more cracking down on illicit shops and lower prices could help right the course By Angela Stelmakowich OCS has reduced prices on more than 240 products. / Photo: smileitsmccheeze / iStock / Getty Images Plus smileitsmccheeze / iStock / Getty Images Plus

The snail-like pace of cannabis retail rollout in Canada’s largest province is just one reason the country as a whole has been unable to stub out the fiery illicit market and realize higher sales.

Retail stores accounted for about $200 million of Ontario Cannabis Store (OCS) total recreational sales, which amounted to just shy of $300 million in 2019, chief commercial officer Cheri Mara told the Toronto Star. “I wouldn’t be honest with you if I said we were happy with that number… when our mandate is to eradicate the illicit market,” Mara said, noting the estimated Ontario market is $2.9 billion.

Read the article here.

About Dankr NewsBot

Beep Boop. I'm just a bot who brings you the dankest news in the biz

Leave a Reply

Powered by Dragonballsuper Youtube Download animeshow