After years of prohibition, cannabis retail gets a fresh start in B.C.’s second-largest city
Surrey’s decision to welcome cannabis retailers to the city could bring major opportunities for landlords—and could sway neighbouring municipalities to follow suit.
“People are going to want to gravitate to somewhere where they can consolidate multiple trips,” said Thompson. “If were going, ‘Well, if I have to go to the cannabis store all the way in Delta or into Vancouver or Burnaby, maybe I’ll go do the rest of my shopping there as well.’” Although developer mentality has improved, cannabis retail stores across Metro Vancouver have decreased since 2018 due to surging supply.
He added Surrey is a little late to the party, but that it’s usually the municipalities that take a thoughtful approach to cannabis retail that succeed in the sector. While cannabis retail in Surrey will not begin this year, this initiative will give consumers the opportunity to access licensed high-quality stores with a better choice of products.
Bohonis, who owned a cannabis retail store in Thunder Bay, said cannabis will also support the local economy via job creation moving forward. Other municipalities holding out on cannabis retail Richmond has chosen a clear stance to prohibit cannabis stores within its municipality.
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