Ontario pot rules restrict retail ownership of licensed producers

  • Ontario pot rules restrict retail ownership of licensed producers

Ontario pot rules restrict retail ownership of licensed producers

The attorney general's office released the regulations, saying they're aimed at protecting children and youth, keeping communities and roads safe, and combating the illegal cannabis market, the attorney general's office announced Wednesday evening.

Finance Minister Vic Fedeli says that Ontario will be moving forward with expanded retail hours for alcohol sales.

The Ontario regulations say a pot retailer with more than one outlet can't be more than 9.9-per-cent owned by a cannabis producer.

As part of the announced regulations, the locations must be at least 150 metres away from schools and only those 19 years or older can be allowed inside.

A requirement for all private recreational cannabis retail storefronts to be stand-alone stores only. Those who were previously operating a pot shop illegally will not be eligible for a licence nor will anyone who was involved or associated with organized crime.

It is anticipated that the AGCO will begin accepting applications on December 17, 2018 and private retailing of cannabis will begin on April 1, 2019.

The industry had been waiting for more clarity on limits on ownership of retail outlets by affiliates of cannabis producers.

The Tory plan will allow hundreds of private cannabis shops to set up, open from 9 a.m.to 11 p.m.

Licenses won't be issued to any person or organization who has an association with organized crime, and applicants must demonstrate their tax compliance status to show they are in good standing with the government. These operating hours are consistent with on-site retail stores for alcohol and will provide retailers with the flexibility to respond to local market conditions and consumer demands.