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TORONTO — Shoppers Drug Mart Inc. is moving away from its medical cannabis distribution business and preparing to transfer patients to a platform run by biopharmaceutical company Avicanna Inc.
His company will start to send customers to Avicanna's platform in early May, with all of the patients set to be off-loaded from Shoppers' medical pot service by the end of July. Customers will be able to place orders on Shoppers' website through the transition period. The sector has instead struggled with profitability and as high numbers of recreational cannabis shops cluster in several cities, many retailers and licensed producers have had to drop their prices to stay competitive.
But the company was unhappy with how medical pot regulations limited its model. Shoppers claimed Tuesday that medical cannabis remains the only medication that is not dispensed in pharmacies.
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