The provincial authorities formally introduced their plans to license a further 50 cannabis retail shops in Ontario, together with eight on First Nations reserves.
The province hopes these new shops will probably be open by October 1 2019, which as soon as once more signifies that shops will probably be beneath a time crunch to get constructed and launch as soon as licensed.
There will probably be 7 shops within the East, 6 shops within the GTA, 13 in Toronto, 11 in West Area, and 5 within the North.
Potential retailer house owners will want issues from their financial institution: (i) a dedication to supply a $50,000 standby letter of credit score and (ii) a letter of affirmation that you’ve the monetary capability to acquire $200,000 in money or money equivalents and that you’re in good standing. Full Article
Good article concerning the AGCO Ontario Retail Hashish Course of for Marijuana Dispensaries
Licensed producers and their associates is not going to be allowed to use. Whereas that rule was in place for the primary lottery, producers and associated corporations discovered their approach into the combo by licensing their model names out to shops in ways in which have been compliant with the AGCO. No phrase but on whether or not any such association can be allowed for the second lottery, however there doesn’t look like express guidelines prohibiting it.
An attention-grabbing rule to the lottery that wasn’t discovered within the guidelines to the primary lottery is that candidates should adhere to provincial disabilities accessibilities laws, seemingly put within the guidelines after some places within the first lottery weren’t wheelchair accessible.
Lottery functions will probably be accepted beginning 12:01AM August 7 and ending 8pm on August 9. The fortunate lottery winners will probably be chosen on August 20. Like the primary lottery, the price to enter is just $75.
First Nations communities will even get the prospect to have authorized cannabis shops on reserves however received’t be topic to the principles. Eight of the 50 licenses put aside will probably be for candidates situated, they usually received’t be topic to lottery necessities – they are going to be awarded on a first-come first-served foundation and the respective Band Council should in the end approve the placement.
I’d be joyful to help you together with your AGCO lottery software, and different associated issues similar to incorporation, trademark registration, and Commonplace Working Procedures. As well as, I provide purchasers a free map-based instrument that enables potential candidates to conduct an preliminary cursory verify to see if a location is shut to a college, and thus ineligible for a location.
I’m a Toronto-based lawyer helping small companies with their cannabis retail software. Name me at 1-855-542-0529 or e mail me.
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