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Latest call for cannabis retailers puts New Tecumseth in play

Posted July 3, 2019

The provincial government announced this morning a second lottery featuring 42 private cannabis retail licenses divided amongst five regions as the prize, and eight more on First Nations reserves.

Unlike the initial round of 25 limited to municipalities with populations over 50,000 people, licensed retail stores will be permitted in any municipality that did not opt-out of the retail cannabis market last winter. Communities across the province were provided the one-time opportunity to opt-out as a cannabis retail host last January. New Tecumseth council voted to opt-in and the decision is irrevocable.

The 42 licenses will be allocated as follows:
East Region: seven stores;
GTA Region: six stores;
Toronto Region: 13 stores;
West Region: 11 stores; and
North Region: One store in each of the following cities: Kenora, North Bay, Sault Ste. Marie, Thunder Bay and Timmins.

New Tecumseth (Simcoe County) is located in the East Region along with Stormont, Dundas and Glengarry, Prescott and Russell, Ottawa, Leeds and Grenville, Lanark, Frontenac, Lennox and Addington, Hastings, Prince Edward, Northumberland, Peterborough, Kawartha Lakes, Muskoka, Haliburton, and Renfrew.

Interested parties will be able to submit an expression of interest form online to the AGCO in summer 2019.

"Prospective retailers must demonstrate that they have secured appropriate retail space that could be used as a cannabis retail store and that they have access to enough capital required to open a cannabis retail store," according to the press release. "The 50 new private cannabis retail stores will be authorized upon meeting all requirements and approved to open on a rolling basis, beginning in October 2019, as they conclude their supply agreements with the Ontario Cannabis Store. To ensure the lottery and allocation process are conducted fairly, the AGCO will again employ a third-party fairness monitor."

All stories, unless otherwise noted,
by Tony Veltri