Ontario weed smokers are a patient lot.
After sitting through the original run of much delayed post-legalization Ontario Cannabis Store deliveries — Grow’s office order in Toronto took 15 days — October 17, 2017, came and went with much fanfare. But April 2019 is the deadline the Ford government has set for the introduction of private cannabis retail.
As we said, a patient lot.
Details are scarce on the subject but the Alcohol and Gaming Commission of Ontario has released a breakdown of the costs for licensing. Overall, central-Canadian entrepreneurs looking to ride the green wave will be paying in excess of $10,000 for the various certifications required to open up a cannabis retail store in Ontario.
According to the AGCO, a retail operator’s licence for a two-year term will be available for $6,000, retail store authorization fees are $4,000 and a cannabis retail manager licence is $750, for a total of $10,750. Comparatively, the fees to set up a tobacco and cigar shop in Toronto are only $632.87, according to the city’s website.
Sole proprietors or partnerships between two or more individuals who will be both the licensed operator and retail store manager for a particular location, will not be required to purchase a Cannabis Retail Manager Licence.
Licenses will be issued by the AGCO register or their deputies. Currently, there aren’t specific regulations pertaining to a lot of the aspects of running a business. Though the current version of the Cannabis Act (Bill C-45) allows the register to create regulations for the following:
Retails who lose their licenses will be required to wait two years before they are able to reapply for another.