Aphria Inc (C:APHA) In the News
Also Cronos Group Inc (C:CRON) In the News
Also Canntrust Holdings Inc (C:TRST) In the News
Also Cronos Group Inc (C:CRON) In the News
Also Canntrust Holdings Inc (C:TRST) In the News
The Globe and Mail reports in its Thursday, Dec. 13, edition that dealing a setback to aspiring Ontario cannabis retailers, two major Toronto-area municipalities moved Wednesday to prevent private storefronts from selling marijuana within their borders. The Globe's Jameson Berkow writes that Mississauga City Council, representing the province's third-largest city, just west of Toronto, voted 10-2 in favour of opting out of cannabis retail.
A few hours later, city councillors in Markham, just north of Toronto, also voted "no" on cannabis retail in a 12-1 vote. The decisions come just one day before Toronto city council will vote on the same issue. Ontario has given municipalities until Jan. 22 to decide whether to allow physical cannabis stores within their boundaries.
Cities that reject pot shops will be allowed to change their minds after that date, but those agreeing to host cannabis retailers cannot ban them later.
"We were preparing for a government-controlled cannabis retail model that resembled the LCBO," Mississauga Mayor Bonnie Crombie said, referring to the former Liberal government's plan to open dozens of Ontario Cannabis Store locations through a subsidiary of the Liquor Control Board of Ontario.
© 2018 Canjex Publishing Ltd.
Posts
