Ontario

Mon
25
Feb

Ontario announces details for cannabis retail training

As the province of Ontario prepares to open retail cannabis stores in April, the details of the mandatory training that employees will receive was announced last week.

CannSell, as selected by the Alcohol and Gaming Commission of Ontario (AGCO), will be the only authorized program used to train the employees that will work at the 25 storefronts expected to open on April 1.

CannSell is a product of Lift & Co., a technology company aimed to inform Canadians about cannabis. The program was developed with MADD Canada and was commissioned by the AGCO last year.

Fri
22
Feb

London Ontario store will run under Tweed banner

Canopy Growth Corporation, Canada’s largest cannabis producer, has announced a pending partnership with Quebec-based company Couche-Tard to enter an agreement with a winner of Ontario’s cannabis store lottery.

Couche-Tard is an operator of 15,000 variety stores internationally under the Circle K brand and others. Together, the companies plan to open a store in London, Ontario. The store is expected to open at 1025 Wellingston Street South under the Canopy brand Tweed. The store and its branding are currently awaiting approval from the Alcohol Gaming Commission of Ontario (AGCO).

The application will now enter into a 15 day public notice period for members of the community to either file a complaint or a written submission on the proposed location.

Fri
22
Feb

Ontario lottery winners must now ramp up

The 25 recipients fortunate enough to have been selected in Ontario’s recent cannabis retail lottery are now faced with transforming lady luck into a solid business operation.

“The AGCO expects that applicants will prepare plans, which account for all aspects of running a business,” says Raymond Kahnert, media contact for the Alcohol and Gaming Commission of Ontario (AGCO) in Toronto.

 

Lottery winners are now on their way to obtaining the first provincial licences to sell cannabis from a storefront operation. However, Kahnert notes, “the AGCO is not in a position to provide advice.”

Thu
21
Feb

Ontario delivers yet another cannabis decision that hurts retailers and helps illegal dealers

Recently, the Alcohol and Gaming Commission of Ontario (AGCO) stated legal cannabis shops in the province will be prohibited from offering online retail options to consumers. This means that the initial 25 cannabis stores in Ontario and the multitude of stores that could open once the province lifts its temporary cap on retail licences won’t be able to offer consumers online ordering for store pickup (click and collect). Nor will they be able to offer any same-day delivery services.

Wed
20
Feb

The tiny Canadian town that marijuana saved

Like so many small towns in the U.S. during the recession, Smiths Falls, Ontario hit rock bottom in 2008.

Three factories shut down in the small Canadian town, including the country's largest Hershey's factory.

“It was a five-year period there where it was hard to find any good news,” said Smiths Falls Mayor Shawn Pankow as he watched 1,500 jobs leave.

“Smiths Falls was basically on life support,” said Jamie Norris, a tow-truck driver and lifelong resident. “People were losing their houses and losing their vehicles.”

Who knew this town's lowest of lows would be remedied by getting high.

Canopy Growth Corporation, a medical marijuana startup in 2013, was looking for a place to spark its business. 

Sun
17
Feb

How will Ontario's cannabis shops work? Here's what's coming to a corner near you

Here’s a safe prediction about the design of Ottawa’s first legal cannabis shop: It will resemble a trendy boutique.

The landlord of Superette, the proposed shop in the heart of Wellington West Village, describes it as “high-end retail.”

After all, the middle-income and affluent residents in the neighbourhood are the store’s target demographic, says Derek Noble, owner of Huntington Property Group, which owns the five-storey building at 1306 Wellington St. West, between Island Park Drive and Holland Avenue.

His company was able to extract premium rent from Superette Inc. for a five-year lease on the 3,371-square-foot space on the ground floor.

Fri
15
Feb

Companies backed by major cannabis producers are inking deals with Ontario retail lottery winners

A number of cannabis retailers backed by major licensed producers have entered into agreements with winners of Ontario’s  retail lottery in an attempt to gain access to Canada’s largest market come April 1, when 25 brick-and-mortar cannabis stores are expected to open across the province.

But the nature of those agreements, and whether or not they will survive regulatory scrutiny, remains unclear.

The Alcohol and Gaming Commission of Ontario (AGCO) — the provincial body in charge of regulating cannabis retail in Ontario — has laid out strict ownership rules that bar the 25 individual lottery winners from entering into any kind of revenue-sharing agreements with outside entities that would result in the winners ceding control of their cannabis stores.

Fri
15
Feb

Cannabis retail shops are scrambling to open on time across Ontario

Would-be cannabis shop owners in Ontario have just a few weeks left to pass through intense regulatory hoops if they hope to be selling marijuana by April.

Most likely some of them will be unable to open in time to meet the government deadline, industry insiders say. With just a month and a half to go, only eight proposed shops across the province have submitted their retail store applications.

Ontario wants the first wave of cannabis retail stores to open by April 1, if retail licence holders fail to meet this deadline they will be met with stiff financial penalties.  (Mark Thiessen / The Associated Press)

Wed
13
Feb

High Tide signs letter of intent with second Ontario pot store lottery winner

High Tide Inc. has signed a letter of intent to assist a second lottery winner selected to apply for one of the first 25 cannabis retail licences in Ontario.

The cannabis retailer did not disclose the lottery winner, but said High Tide has signed a letter of intent to help open a legal recreational weed store at a potential location in Hamilton.

A spokesman for the Alberta-based company says the arrangement is similar to a deal it struck with another lottery winner announced earlier this month that, subject to regulatory approval, involves the acquisition of a minority interest and a financial incentive for its assistance.

Tue
12
Feb

Canadian cannabis shortages expected to last years

Cannabis retailers across Canada have struggled to supply consumers with product since the country legalized recreational cannabis five months ago, and industry experts say that this trend is likely to last for a few years.

George Robinson who runs RavenQuest, a cannabis biomed firm, told sources that supply shortages are expected to last at least five years.

“We’re absolutely not getting anywhere close to the (needed) supply,” said Robinson. He added that approximately 5 million kilograms are needed to satisfy the demand for recreational cannabis across the country. Suppliers are currently growing less than 10 percent of that amount. Therefore, there simply isn’t enough cannabis being distributed to retailers.

Pages

Subscribe to RSS - Ontario