Ontario’s cannabis retail lottery in question after year of legalization

Ontario’s cannabis retail lottery in question after year of legalization

Ontario is thinking about changing the lottery system being used to award cannabis retail licenses after the first year of legalization saw only 24 outlets open, with critics panning the lack of access for consumers The province has sold $216.8 million of cannabis in the first year of legalization according to analysis by BNN Bloomberg. However, the province has lost out on $325 million in economic activity and approximately $50 million in tax revenue due to lack of retail outlets, according to The Cannalysts Inc., an independent cannabis research and analysis company. Since cannabis was legalized in October of 2018, 24 retail stores have been opened in Ontario, whereas Manitoba, which has only a tenth of the population of Ontario, has opened 27. Alberta uses the same combination of government-operated website and private licensed brick and mortar stores as Ontario, but has 356 retail outlets serving a population one-third the size. “There are issues at retail level, and I think it started with Premier Ford shifting away from the Liberal model,” said law professor Bill Bogart from the University of Windsor on CTV’s Your Morning Tuesday. “The lottery system, by overwhelming views [sic] has not worked and so we find…

Excerpt only …
READ MORE BELOW
Source : New feed
Link to original : Ontario’s cannabis retail lottery in question after year of legalization
reposted by Cannabis News World

This site uses Akismet to reduce spam. Learn how your comment data is processed.