A salesperson displays a jar of cannabis for a photograph at the Potorium dispensary in Nelson, British Columbia on Nov. 7, 2018.
"We'll wait and see on April 1 how many open," Finance Minister Vic Fedeli said Monday."There was prohibition for 100 years and we're going to be in this business for 100 years. We will not rush into anything." Fedeli said he did not have extensive knowledge of the day-to-day approvals system being handled by the Alcohol and Gaming Commission of Ontario, but stressed that safety had to be the top priority.
Failing to open a store by April 1 can result in a $12,500 draw down, while not opening by the end of April means applicants risk losing their $50,000 letter of credit.The AGCO said many applicants are currently at different stages of the approvals process. "It is difficult to predict how many stores will be ready to open right as of April 1," AGCO spokesman Ray Kahnert said in a statement."The AGCO will only licence operators and authorize stores once we are satisfied they have met all legal and regulatory requirements."
Source: News Formal (newsformal.com)
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