There’s a week to go before a draw to award the first 25 cannabis retail licences
Prospective pot shop owners around the province are hoping Friday is their lucky day.
That’s the day that the Alcohol and Gaming Commission of Ontario will hold a draw to determine who gets the first 25 cannabis retail licences.
People can submit expressions of interest beginning on Monday for a $75 fee. Those selected through the lottery will then have five business days to turn in their application along with a $6,000 non-refundable fee and a $50,000 letter of credit.
A week out from the draw, larger questions remain about the system’s impact on Ontario’s black market, how the new stores will be spread across the province, and what kinds of candidates will end up winning out.
To get some clarity, Metro Morning host Matt Galloway spoke with provincial Finance Minister Vic Fedeli….
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