After the Ontario recreational cannabis rules were released, we discovered that there will be no cap on private cannabis shops in Ontario.
Ontario's Progressive Conservative government has released new rules about recreational cannabis use, which should see investors jump for joy. Less than a month away from the legal sale of recreational marijuana, the new rulings suggest a far-looser grip on the control of marijuana in the province.
Most significantly, the government announced that it will not place a cap on private cannabis shops when it begins licensing and regulating the Ontario private cannabis retail sector.
No Cap on Private Cannabis Shops
As per the new rules, with a view to "open up the marketplace," the province will allow anyone looking to open a cannabis shop to apply for both a retail-operator license and a retail store authorization for each location.
The opportunity for investors here is exciting. The province is hoping to have private retail stores up and running by April 2019.
According to Finance Minister Vic Fideli: "This is an opportunity for small business to get involved. We want to have as many participants as possible be involved."
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Ontario Recreational Cannabis Rules: Smoking
Along with the no cap on private cannabis shops, the province has said that wherever the smoking of tobacco is permitted, recreational cannabis will be permitted.
Referencing the new rules, Ontario Attorney General Caroline Mulroney said:
"We're aligning with the Smoke-Free Ontario Act. If you're able to smoke tobacco in your home then you'll be able to use cannabis as well."
However, drug-driving will still be illegal, with perpetrators facing fines between $1,000 to $5,000 upon conviction.
Responsibility
The Alcohol and Gaming Commission of Ontario will be given control of regulating the marketplace. The body will be responsible for granting and revoking licenses, as well as enforcing provincial rules on cannabis sales.
The new legislation also gives a get-out clause for any Ontario municipality that decides against hosting any private cannabis shops. They have until January 22nd, 2019, to opt out of the programme.
Featured Image: Depositphotos/© ronniechua
