A new regulatory change allowing one company to operate up to 150 recreational cannabis stores in Ontario – a twofold increase from the previous cap of 75 – is expected to benefit large retail chains and drive more consolidation in Canada’s most valuable adult-use market.
The increase also could bring new opportunities for smaller retail operators looking to sell their stores, although some Ontario cannabis retail insiders caution that buyers’ offers might not meet sellers’ expectations.
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The new policy was announced Nov. 30 and took effect Jan. 1.
Lisa Bigioni, CEO and co-founder of independent Ontario retailer Stok’d Cannabis, said some local media interpreted the regulatory change as meaning more stores will open overall.
“I don’t necessarily think that’s the case,” she said. “I
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