Tuesday, August 21, 2018

NP says Aphria, rival hear LCBO was worst option


Aphria Inc (C:APH)
Shares Issued 232,435,088
Last Close 8/20/2018 $11.37

Monday August 20 2018 - In the News
Also Aurora Cannabis Inc (C:ACB) In the News
Also Canopy Growth Corp (C:WEED) In the News
Also Organigram Holdings Inc (C:OGI) In the News
Also Hydropothecary Corp (The) (C:HEXO) In the News
Also Cronos Group Inc (C:CRON) In the News

The National Post reports in its Saturday edition that Ontario Premier Doug Ford campaigned for a radically different model for cannabis distribution than the one planned by the previous Ontario Liberal government. A Post editorial says it was no surprise to learn last week that, come Oct. 17, Ontarians will be able to order pot through the Ontario Cannabis Store, on-line only. The rollout of brick-and-mortar stores has been delayed until April, during which time Ontario will implement a system of private-sector distribution. The details are still to be determined. It is a blank slate now. The Post says this is the right move. The Post says it would be madness to both establish a new LCBO-style monopoly for weed at the precise moment the LCBO's near-monopoly on alcohol is being relaxed. The Post says a properly regulated private sector is capable of responsibly handling cannabis sales, just as it currently does many other restricted, regulated products. Hopefully Ontario regulations will permit a flourishing new industry to develop, offering maximum convenience and a pleasant shopping experience for customers. Ontarians can rest easy knowing that the worst option, another LCBO, has been taken off the table.
© 2018 Canjex Publishing Ltd.

Globe says Aphria, rivals hear pot shops face choice
Aphria Inc (C:APH)
Shares Issued 232,435,088
Last Close 8/20/2018 $11.37
Tuesday August 21 2018 - In the News

Also Canopy Growth Corp (C:WEED) In the News
Also Aurora Cannabis Inc (C:ACB) In the News
Also Organigram Holdings Inc (C:OGI) In the News
Also Hydropothecary Corp (The) (C:HEXO) In the News
Also Cronos Group Inc (C:CRON) In the News

The Globe and Mail reports in its Tuesday edition that Ontario weed dispensary operators have been told to shut down now in the hopes of securing a cannabis retail licence from the province by next April. The Globe's Mike Hager writes that unnamed observers expect that owners of many of the 100 or so dispensaries in and around Toronto will plan to go legal. 

To do so, they will have to shut down their operations by the legalization date of Oct. 17. Tory cabinet ministers said the province, like the federal government, is intent on crushing the illegal weed trade. They said upcoming consultations with communities and stakeholders will determine if and how those who have sold the drug illegally in the past should be allowed into the regulated sector come April. 

No one is tracking the number of Canada's illicit bricks-and-mortar dispensaries, which insiders estimate at several hundred, or the exploding number of on-line retailers now postering many of the country's largest cities with advertisements for their delivery services. 

In total, Canada's underground trade is estimated at about 400,000 kilograms a year, which dwarfs the legal medical cannabis system that shipped 33,000 kilograms of product last year.
© 2018 Canjex Publishing Ltd.

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