Approximately 450 cannabis stores applications were filed in Ontario on March 2 – the first day Retail Store Authorization (RSA) submissions were accepted under the province’s new open-market process.
The strong interest demonstrates pent-up demand for regulated recreational marijuana stores, experts say.
Ontario is pivoting to an open-market store-allocation process after relying on two lotteries to open a few dozen stores since last spring.
The Alcohol and Gaming Commission of Ontario (AGCO) told Marijuana Business Daily it is “committed to moving complete applications through as quickly as possible.”
Ontario expects to start issuing store authorizations for the new applicants “before the end of April,” the AGCO spokesperson said
By Matt Lamers – Marijuana Business Daily
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