The Glasshouse Report

Saturday, September 9, 2017

Canada Pot Stocks Rally as Ontario Plans to Open 150 Stores


By Bloomberg, Sep. 08, 2017 

Canadian marijuana producers rose on Friday after Ontario said it will open as many as 150 government-run pot stores and allow online purchases as the country gears up for legalized recreational sales next July.

The Liquor Control Board of Ontario will reach the 150-store target by 2020 and manage the sale and distribution of marijuana, Ontario Finance Minister Charles Sousa said Friday. The stores won’t be housed inside government-owned liquor stores, and there will be as many as 80 stores operational in the first year, he said.


Read More: https://www.bloomberg.com

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