Enjoy it While You Can Cannabis Canada, Your Edge is Already Eroding

Posted by Vanmala Subramaniam

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Once America federally legalizes, Canadian producers ‘might as well be growing tomatoes’, insiders say.

Green Growth Brands Ltd., a U.S.-based cannabis retailer with a large footprint in Nevada, was all geared up to enter the Ontario market until an unexpected announcement in mid-December by the province placed a drastic cap on the number of retail licences issued for pot shops.

Citing supply concerns, the provincial government changed its rules from handing out more than 1,000 promised licences to a mere 25, which are being be chosen using a lottery system.

“We had hoped to have 25 stores in Toronto. But now, I don’t know if we’re even going to be in Ontario…Click here for full article.