GREY:INSHF - Post by User
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MJstockportfolion Nov 21, 2019 10:18am
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Post# 30377932
RE:Ontario looks at possible 1000 stores
RE:Ontario looks at possible 1000 storeshttps://www.bnnbloomberg.ca/ontario-mulls-overhauling-pot-licence-system-in-2020-as-sales-lag-source-1.1351505?fbclid=IwAR0Vac7Tpskrhfohy4xr-KMSGah4VL1qPSd_ASkhJhe_0lZMy8zQjJUGuIM "
The Ontario government is considering a plan that would abandon the maligned lottery process that has left it with only two-dozen legal pot shops, and instead pivot as early as January to a system that could lay the groundwork for up to a thousand stores in the province, according to a person directly familiar with the matter. Provincial officials have proposed moving to an "open allocation" system for issuing pot store licences next year, allowing would-be shop owners to simply apply online and pass a series of background checks to sell legal cannabis in a bricks-and-mortar shop in the province, the person said. It would mark a return to the Progressive Conservatives’ original plan to open enough cannabis stores to support what it believes is a mature market, which analysts estimate to be between 750 to 1,000 outlets, the person added."