Two Ontario municipalities will reject the provincial plan to deploy private adult-use cannabis shops across the province, according to a new report.

Canada is set to legalize the recreational use of cannabis on October 17, and provinces across the country have had to formalize their approach to the distribution and sale of the drug.


On August 13, Ontario’s newly elected Progressive Conservative government confirmed it will privatize the retail component of legal adult-use cannabis sales and begin offering these shops in April 2019.

 

Cannabis - Will The Fortune 500 Join The Party?

 
Our Exclusive FREE Report Contains Information You NEED To Know About Cannabis Stock Investing!
 

This decision will open the doors to a vast network of stores from multiple competitors seeking to capitalize on the decriminalization of the drug. However, Ontario’s government has decided to offer a “one-time window” to municipalities on whether or not they will allow the incoming shops.

A spokesperson for the Ontario Ministry of Finance confirmed to the Investing News Network that the province will only offer municipalities a one-time chance to opt out of the overall strategy.

“This is currently being discussed with municipal leaders and officials at the meeting of AMO (Association of Municipalities of Ontario’s 2018 Annual Conference) taking place in Ottawa,” Scott Blodgett said.

Ontario municipalities want to back out of retail sales

“We’re not a willing host of recreation retail outlet,” Richmond Hill Mayor David Barrow told CTV News last week when asked for a reaction to Ontario’s final deliberation on recreational cannabis.

“We had a number of people attend our council meetings and say they weren’t interested in being a part of any of this process,” the mayor added.

Barrow said he doesn’t want to send the impression that consuming cannabis is “an acceptable thing to do.” The mayor encouraged residents of his municipality to drive into other communities to buy recreational product, but confirmed he doesn’t “want to have it available in Richmond Hill.”

The neighboring municipality of Markham will also opt out of the provincial approach to allow private cannabis shops in the spring of 2019 after the legalization of recreational cannabis in Canada.

A statement from the Markham mayor’s office says that Mayor Frank Scarpitti “rejected” the idea of being one of the first locations for government stores under the previous administration, and will also dismiss the new provincial plan.

Don’t forget to look for our coverage of MJBizCon INT’L, with show notes from the floor and exclusive interviews on INN. You can also follow us @INN_Cannabis for real-time news updates!

Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

 

Cannabis - Will The Fortune 500 Join The Party?

 
Our Exclusive FREE Report Contains Information You NEED To Know About Cannabis Stock Investing!
 

Trulieve Cannabis Corp. (“Trulieve” or the “Company”) (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company in the United States today announced the appointment of Marcum LLP (“Marcum”) as its independent registered public accounting firm, effective July 5, 2021 . Marcum was appointed following the resignation of MNP LLP (“MNP”) as the Company’s independent registered public accounting firm effective July 5, 2021 .

“We would like to thank MNP for their guidance and expertise over the past two years and we look forward to working with Marcum as the Company’s new independent registered public accounting firm,” stated Chief Financial Officer, Alex D’Amico.

Keep reading... Show less

Cannabis-infused beverages are not a new product concept, but this summer Canadian drink makers hope consumers will discover them for the first time.

Recreational cannabis beverages have beguiled Canadian producers through different avenues, and many continue to make investments. The promise of these drinks lies in the potential of a more welcoming option for new consumers who may be out of their depth with rolled-up dried flower.

Keep reading... Show less

In the news release, BioHarvest Sciences Inc.‘s First Cannabis Cell Reservoir Produces Ongoing Flowering Stage Cannabinoid Cells For 2 Years, issued 07-Jul-2021 by BioHarvest Sciences Inc. over PR Newswire, we are advised by the company that an incorrect version of the release was issued inadvertently. The complete, corrected release follows:

BioHarvest Sciences Inc.‘s First Cannabis Cell Reservoir Produces Ongoing Flowering Stage Cannabinoid Cells For 2 Years

Keep reading... Show less

Trulieve is the first medical cannabis operator to start planting in the state

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company based in the United States announced today that it commenced operations in West Virginia . The Company has begun cultivation at their 100,000 square foot size facility in Huntington, West Virginia .

Keep reading... Show less

– The Company demonstrates the efficiency and reliability of its BioFarming technology by reducing production cycle time for Cannabis from 14-23 weeks to 3-4 weeks.

– The Company’s BioFarming technology will allow the Company to harvest 13-17 cycles per year versus 2-4 cycles per year for conventional Cannabis agriculture.

Keep reading... Show less