Here’s what’s working and what isn’t according to those involved in the cannabis retail industry
It’s been a bumpy first few months for cannabis retailers in Canada, with product shortages and regulatory uncertainty dominating public discussion. As Ontario’s first wave of bricks-and-mortar stores get ready to open on April 1, the Financial Post’s Vanmala Subramaniam spoke to four people on the front lines about what’s working, what isn’t and the biggest lessons they’ve learned so far. The following interviews have been edited and condensed.
I would say it is quite challenging. The municipal and provincial regulations you have to go through are intense, the time and money it requires to open the store. I would say to people to be careful before starting to throw in all their life savings. Not all locations make money. I would just caution them.
My personal leaning is toward a privatized system. Subject to government regulation and oversight, but not government operation. I mean, Saskatchewan. That’s what I’m looking at. I’ve been negotiating supply deals between licensed processors and retailers directly and just cutting out that provincial distributor middleman because to me it is just unnecessary.
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