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Ontario's small cannabis retailers say new government regulation could push prices higher

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Small cannabis retailers are calling on the Ontario government to reconsider recent changes to industry rules that some businesses fear could crush mom-and-pop operations in the province.

In a New Year’s Day regulation, the Ontario government increased the cap on the number of stores a licensed company can operate in the province from 75 to 150.

According to the province, the change was designed to “further support a healthy and competitive” cannabis industry in Ontario.

Independent retailers, however, fear the change will only benefit a select few businesses that are already beginning to dominate the fledgling cannabis industry.

Global's Colin D’Mello has more.

For more info, please go to https://globalnews.ca/news/10222443/cannabis-ontario-store-cap-changes/

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Category
U.S. & Canada
Tags
global news, Ontario cannabis stores, Ontario cannabis stores near me
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