Ontario’s move to raise the number of stores cannabis companies can operate has been welcomed by some in the industry, but an expert says the change may only help a select few operators in the over-saturated market.
This month, the Ontario government doubled the number of retail stores allowed per licensed cannabis operators, increasing the limit to 150 from the previous cap of 75.
Gennaro Santoro, senior director of strategy at EY-Parthenon, told BNNBloomberg.ca that most operators in Ontario’s saturated cannabis market weren’t able to hit the previous limit of 75 stores, so the increased retail store cap will only make a difference for a select few players.
– Read the entire article at BNN Bloomberg.
