Ontario’s cannabis retail authorization lottery guidelines place an onerous process on winners and only large, well-financed and established players will be able to handle it, say lawyers in the cannabis sector.
Applications were accepted from Jan. 7 until noon Jan. 9 and the lottery will be held Jan. 11 at which time Alcohol and Gaming Commission of Ontario will announce the 25 selected. By Jan. 16, the winners will need to produce a $6,000 licensing fee, a $50,000 line of credit, have a property leased, have hired employees and be ready to order product and open for business by April 1. The store must be in the assigned region and in a municipality of more than 50,000 people and meet the school-distance requirements set out in the regulation.
Applicants will also have to post their proposed location, go through a public consultation where the public will have an opportunity to object to that location, after which the applicant will have to respond and request a hearing.