Cannabis retailers in Ontario who failed to open stores by April 15 face more penalties GlobePolitics
Cannabis retailers in Ontario who have failed to open their stores by a government-set deadline are facing a new round of financial penalties.Twenty-five retailers were selected through a government lottery to open the first brick-and-mortar cannabis stores on April 1, but less than half met the deadline.The Alcohol and Gaming Commission of Ontario established a system of escalating penalties for retailers who didn’t start serving customers on time.
The agency says it has drawn down on letters of credit submitted by the licencees – some for a second time – taking $12,500 from the $50,000 initially provided.There are currently 13 cannabis shops operating across the province. Available now: Cannabis Professional, the authoritative news service tailored specifically for professionals in the rapidly evolving cannabis industry.
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