Ontario financial update includes plan to allow cannabis producers to sell product on site
Changes to the way Cannabis is sold by the companies that produce it could lead to a boon for Canopy Growth and the town of Smiths Falls’ hopes to become a Cannabis Tourism destination of choice for Canada.
The Ford Government is proposing to allow licensed producers to open retail stores at their production sites, and to let them sell cannabis online – something that only the Ontario Cannabis Store can do right now. The moves would provide greater access to cannabis for consumers in more communities, many of which do not have one of the few legal cannabis retail outlets licensed by the province.
Canopy’s Tweed store is basically ready to go and has been selling cannabis paraphernalia and branded clothing for well over a year. The company also has a web-based sales system in their medical division that could be adapted to allow recreational sales as well.
Reaction by the industry was swift.
“Today’s Economic Statement sends a strong signal to the legal cannabis industry in Ontario. It will improve how consumers purchase and access legal cannabis products and better equip the industry to replace the illicit market,” said Megan McCrae, Board Chair of the Cannabis Council of Canada, “We thank Premier Ford and Minister Phillips for taking seriously the concerns of industry and cannabis consumers by taking strong steps forward to strengthen the legal cannabis system.”
The Council also said in its statement, “As a next step, we urge the government to immediately announce a timeline for retail expansion in the province. This needs to be done now for the sake of industry, job creation and the sustainability of cannabis sector jobs in Ontario.”
There would need to be amendments to existing provincial legislation to allow the changes.
Copyright © 2019 Lake 88. All rights reserved.