GREY:CHOOF - Post by User
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CANNABISCANADAon Nov 06, 2021 10:16am
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I think Choom's slow growth was the RIGHT PLAN
I think Choom's slow growth was the RIGHT PLAN | |
Expect to see some Ontario pot shops close in 2022: Analyst
Some cannabis stores in Ontario are expected to close over the next year thanks to a crowded market and tight margins, according to BMO Capital Markets Analyst Tamy Chen. Chen said in a note to clients Wednesday that cities like Toronto - home to nearly 400 cannabis stores - will likely see some of its pot shops close their doors, something that could lead to a year-over-year decline in industry sales. There are 1,143 cannabis retail licences issued in the province, which now contains more than half of the country's entire retail network. As well, RBC Capital Markets Analyst Douglas Miehm said in a recent report that the average monthly sales per marijuana store in Canada fell to less than $200,000 in August, compared to nearly $300,000 two years earlier. |
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| Alberta to divest itself of online cannabis sales Alberta is getting out of the online cannabis business after the province tabled a new bill aimed at reducing red tape and removing barriers to economic growth. Letting the private sector handle e-commerce sales would help boost licensed retailers' presence while stamping out illicit market dealers. Annual online marijuana sales in Alberta only accounted for about $200,000, according to the province. The legislation will also allow retailers to sell some branded clothing and other accessories as well.
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