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New cannabis products may not eat into black market, experts say

A raft of new products is slated to start appearing in brick-and-mortar retailers on Monday, OCS says.

The arrival of legal cannabis edibles, vapes and other products in Ontario won’t necessarily meet the government’s stated goal of cutting into the black market, according to industry observers.

The Ontario Cannabis Store, the province’s pot distributor, has announced that a raft of new products is slated to start appearing in brick-and-mortar retailers on Monday and be available for online purchase 10 days later.

But those keeping an eye on Canada’s burgeoning cannabis industry said a combination of federal health regulations and Ontario’s own track record around product prices may fail to make the legal wares as enticing as alternatives still readily available through illicit channels.

“I know the OCS wants to move towards a thousand stores, but eventually you’re going to have to have a thousand people willing to participate in the legal market,” said Omar Khan, national cannabis sector lead with Hill+Knowlton Strategies. “They’ll only do that if they can be price-competitive with the illicit market.”

By Michelle McQuigge · The Canadian Press
READ MORE HERE: www.cbc.ca/news/canada/toronto/ontario-cannabis-products-1.5415668

Photo by Kaboompics .com from Pexels

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