Canadian cannabis retailers have had a challenging year, which is why the Ontario Cannabis Store (OCS), which holds a monopoly on legal distribution in the province, announced a change in its pricing.
What Happened: Starting in September, most wholesale markups the OCS imposes on marijuana products sold to retailers will be reduced, reported CBC News. It is still uncertain what the end price tag will be for consumers.
The main challenge facing legal operators has been competition from the illicit market.
According toGeorge Smitherman, president and chief executive of the Cannabis Council of Canada, which represents licensed producers, this...
Login or create a forever free account to read this news
Sign up/Log in