Store Authorizations News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Article content It’s possible the new designation may help with also transitioning more customers from the legacy to licensed markets. The OCS’s third-quarter report estimated that legal cannabis sales have captured 40.3 per cent of the province’s recreational market, up from 36.2 per cent one quarter earlier. The new designation comes with specific criteria meant to more clearly define what “craft” cannabis is. StratCann reported in December that plans were underway for designating “small batch” and “handcrafted” weed products. OCS now reports th...

In December of last year, Canadians purchased nearly $300 million worth of cannabis. Nationwide, cannabis retail sales for 2020 totalled more than $2.6 billion, a 117 per cent increase from 2019. In 2021, though, sales have dropped from the December 2020 high each month. In January, nationwide sales amounted to $282 million. The lone province that didn’t experience a reduction in sales in February, and, in fact, saw a slight increase, was Ontario. The province posted just under $90 million in sales. In mid-February, the Alcohol and Gaming Commission of Ontario (AGCO), the organization respo...

Article content The AGCO says it is contacting retail applicants to advise them of their new anticipated issuance date. The agency has received more than 1,640 RSA applications to date and has issued 489 RSAs, with another 940 applications awaiting processing. There are currently 430 cannabis retails stores operating across Ontario. In comparison to booze, there are more than 2,000 alcohol retailers in Ontario, including 450 grocery stores that sell beer and cider, 450 Beer Stores, more than 660 LCBO’s and 280 LCBO Convenience Outlets, in addition to craft brewers. The AGCO says it continue...