Ontario’s cannabis consumers may soon be able to enjoy the drug in more public locations following a newly launched consultation period.

The province announced on Monday (February 10) that it’s now soliciting feedback from public stakeholders to look into potentially allowing cannabis consumption in lounges. It will also consider creating consumption permits for outdoor festivals and concerts.


This exploration of future policies is an attempt to enhance the private cannabis sector, the Ontario government said in a press release, while also pressuring the still substantial black market for marijuana.

 

Cannabis - Will The Fortune 500 Join The Party?

 
Our Exclusive FREE Report Contains Information You NEED To Know About Cannabis Stock Investing!
 

The province is aiming for a “responsible approach” when it comes to cannabis retail sales, said Attorney General Doug Downey, as Ontario works to build out a more open retail system for marijuana.

Ontario said in its regulatory registry that the consultation will end on March 10, but didn’t give a specific timeline for when changes can be expected.

In an emailed statement to the Investing News Network (INN), Jesse Robichaud, director of communications for the Office of Attorney General Doug Downey, said the provincial government is dedicated to improving the private cannabis industry.

“This latest consultation builds on this commitment to protect young people and communities by asking Ontarians for feedback on possible next steps to expand business opportunities for the legal cannabis industry in Ontario,” Robichaud told INN.

Currently, cannabis users in Ontario are prevented from using the drug in publicly owned spaces and locations, like bar patios and sports fields.

Within Canada, the province of Nunavut’s cannabis legislation already allows the government to license establishments that sell marijuana, including retail stores and lounges.

Ontario’s lack of a significant cannabis retail sector has been a point of contention with cannabis executives since recreational marijuana use was legalized in Canada in October 2018.

Last year, a group of lead players in the cannabis space sent Ontario Premier Doug Ford an open letter laying out the challenges of operating within the sector.

 

Cannabis - Will The Fortune 500 Join The Party?

 
Our Exclusive FREE Report Contains Information You NEED To Know About Cannabis Stock Investing!
 

“Unfortunately, our ability to continue to invest and sustain the jobs that we have created is being severely challenged by the province’s current retail cannabis policy framework,” the letter reads.

“Compared to other provinces, Ontario is lagging far behind,” the executives continue.

Ontario’s cannabis distributor and retailer, the Ontario Cannabis Store, started its own public outreach in October 2019, conducting online and in-person consultations with federally licensed producers and retailers to explore different delivery methods for the retail segment.

The consultations follow Ontario’s declaration that it wants to improve the province’s cannabis market.

In its 2019 fall statement, the province’s Conservative government said it was making efforts to amend legislation to open up the cannabis space.

Later in December, Ontario took a large step towards fleshing out the industry by removing the cap on the number of private cannabis stores in the province and allowing retailers to sell cannabis-related items, like magazines and cookbooks.

Don’t forget to follow us @INN_Cannabis for real-time news updates!

Securities Disclosure: I, Danielle Edwards, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

 

Cannabis - Will The Fortune 500 Join The Party?

 
Our Exclusive FREE Report Contains Information You NEED To Know About Cannabis Stock Investing!
 

Curaleaf Holdings, Inc. (CSE: CURA OTCQX: CURLF) (“Curaleaf” or the “Company”) a leading international provider of consumer products in cannabis, today announced that it will report its financial and operating results for the first quarter ended March 31, 2021 after market close on May 10, 2021 .

Management will host a conference call and audio webcast that evening at 5:00 p.m. ET consisting of prepared remarks followed by a question and answer session related to the Company’s operational and financial highlights.

Keep reading... Show less

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company based in the United States announced today the opening of two new stores, the Company’s 85 th and 86 th nationwide to commemorate the 50 th anniversary of 420, the holiday recognizing cannabis culture.

The new Florida dispensaries, the Company’s 80 th and 81 st in the state, located in Eustis and Palm Beach Gardens , further demonstrate Trulieve’s goal of ensuring direct, reliable access to medical cannabis across its home state.

Keep reading... Show less

CANBUD Distribution Corp. (CSE:CBDX, FSE:CD0) leverages on timely and methodical execution of its revenue generating plan. It operates a trinitarian enterprise model in the plant-based protein, psychedelic pharmaceutical and non-psychedelic nutraceutical, and hemp cannabinoids (CBD) spaces. (www.canbudcorp.com).

Keep reading... Show less

(TheNewswire)

Keep reading... Show less

Market entry will address pent-up demand in the Japanese & Philippine markets for TRACE proprietary plant-based mineral formulation and wellness-focused products

Emerging leader in innovative health and wellness beverages and natural products, BevCanna Enterprises Inc. ( CSE:BEV , Q:BVNNF , FSE:7BC ) (“ BevCanna ” or the “ Company ”) announces today that has entered into an exclusive sales agency distribution agreement with Yokohama-based Mirai Marketing Inc. (“Mirai”) to bring Naturo Group’s TRACE proprietary plant-based mineral consumer products to Mirai’s extensive Japanese and Philippine sales and distribution networks.

Keep reading... Show less