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Growing pains: why Ontario s pot czar thinks some cannabis stores will close
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Growing pains: why Ontario s pot czar thinks some cannabis stores will close
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Growing pains: why Ontario s pot czar thinks some cannabis stores will close
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There were 572 cannabis retail stores in Ontario as of March 31 a figure that doesn’t include illegal dispensaries, most of which are located on Indigenous territories and that number will climb to 1,000 by September, according to a new report by the Ontario Cannabis Store (OCS), the government-run marijuana wholesaler and online delivery service.
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“Unfortunately, this rapid growth will likely result in some retailers being faced with increased competition and a crowded marketplace, which could result in some closures and market right-sizing,” OCS interim president and chief executive David Lobo said in the report released this week.
Article content
There were 572 cannabis retail stores in Ontario as of March 31 a figure that doesn’t include illegal dispensaries, most of which are located on Indigenous territories and that number will climb to 1,000 by September, according to a new report by the Ontario Cannabis Store (OCS), the government-run marijuana wholesaler and online delivery service.
We apologize, but this video has failed to load.
Try refreshing your browser. Growing pains: why Ontario s pot czar thinks some cannabis stores will close Back to video
“Unfortunately, this rapid growth will likely result in some retailers being faced with increased competition and a crowded marketplace, which could result in some closures and market right-sizing,” OCS interim president and chief executive David Lobo said in the report released this week.