Two Ontario municipalities will reject the provincial plan to deploy private adult-use cannabis shops across the province, according to a new report.

Canada is set to legalize the recreational use of cannabis on October 17, and provinces across the country have had to formalize their approach to the distribution and sale of the drug.


On August 13, Ontario’s newly elected Progressive Conservative government confirmed it will privatize the retail component of legal adult-use cannabis sales and begin offering these shops in April 2019.

This decision will open the doors to a vast network of stores from multiple competitors seeking to capitalize on the decriminalization of the drug. However, Ontario’s government has decided to offer a “one-time window” to municipalities on whether or not they will allow the incoming shops.

A spokesperson for the Ontario Ministry of Finance confirmed to the Investing News Network that the province will only offer municipalities a one-time chance to opt out of the overall strategy.

“This is currently being discussed with municipal leaders and officials at the meeting of AMO (Association of Municipalities of Ontario’s 2018 Annual Conference) taking place in Ottawa,” Scott Blodgett said.

Ontario municipalities want to back out of retail sales

“We’re not a willing host of recreation retail outlet,” Richmond Hill Mayor David Barrow told CTV News last week when asked for a reaction to Ontario’s final deliberation on recreational cannabis.

“We had a number of people attend our council meetings and say they weren’t interested in being a part of any of this process,” the mayor added.

Barrow said he doesn’t want to send the impression that consuming cannabis is “an acceptable thing to do.” The mayor encouraged residents of his municipality to drive into other communities to buy recreational product, but confirmed he doesn’t “want to have it available in Richmond Hill.”

The neighboring municipality of Markham will also opt out of the provincial approach to allow private cannabis shops in the spring of 2019 after the legalization of recreational cannabis in Canada.

A statement from the Markham mayor’s office says that Mayor Frank Scarpitti “rejected” the idea of being one of the first locations for government stores under the previous administration, and will also dismiss the new provincial plan.

Don’t forget to look for our coverage of MJBizCon INT’L, with show notes from the floor and exclusive interviews on INN. You can also follow us @INN_Cannabis for real-time news updates!

Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

American cannabis sales hit US$17.5 billion in 2020, a research group’s new study shows.

Meanwhile, a Canadian cannabis producer began offering CBD beverages in the US, another move that shows how interested Canadians are in the overall US cannabis market at the moment.

Keep reading... Show less

An Emerging Markets Sponsored Commentary

Some pretty important news out of health and wellness; beverage and natural products company BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) this week. For those of you following the Company with us, stay tuned.

Keep reading... Show less

As investors continue to prioritize cannabis opportunities in the US, market watchers expect mergers and acquisitions (M&A) to play a role in the future for Canadian companies.

A consolidation trend has been expected in the Canadian cannabis space for some time now based on the size of the market compared to the number of operations in the country.

Keep reading... Show less

The product will include polyphenols known to have significant health benefits.

BioHarvest Sciences Inc. (CSE: BHSC) (“BioHarvest” or the “Company”) has reached an important milestone in its development program of additional Nutraceuticals. The olive-based Nutraceutical product scheduled for market availability in the second half of 2022 will contain the following unique matrix of polyphenols: hydroxytyrosol, trosol, and verbascoside. These compounds are the major polyphenols in naturally grown olives and are responsible for the high antioxidant activity of olives and olive oil. Importantly, the BioHarvest olive-based Nutraceutical product will provide all the benefits of olives and olive oil with a low calorie count per serving.

Keep reading... Show less

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it will report financial results for the fourth quarter and full year ended December 31 st , 2020 on Thursday March 25 th , 2021 before the market opens.

The Company will host a conference call and webcast to discuss its financial results and provide investors with key business highlights on Thursday March 25 th , 2021 at 8:30am Eastern Time (7:30am Central Time).

Keep reading... Show less