The largest provincial business advocacy body in Canada is calling on the Ontario government to allow cannabis consumption establishments as part of efforts to modernize and champion the sector.
That was just one of six recommendations made by the Ontario Chamber of Commerce to address major hurdles inhibiting the growth potential of the industry – barriers it says are deterring investment and squeezing margins for stores and producers.
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The recommendations were made in a public submission in Ontario’s pre-budget consultation process.
Industry sources have been calling for reform at the provincial and federal level for years.
“The Canadian cannabis industry remains conspicuously absent income and cash flow, let alone profit,” Dan Sutton, CEO of British Columbia-based cannabis producer Tantalus Labs, told MJBizDaily via email.
“Its cultivators and processors have never been profitable, and to this day there are no demonstrable case studies of self sustaining
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