Posted January 11, 2019 ¦ Last Updated January 12, 2019
Ontario has announced the winners of the marijuana retail lottery in the province. The 25 that were selected will have the first opportunity to apply for the cannabis retail operator licences in Ontario.
The winners are posted at the following link: Expression of Interest Lottery Selection Results
The Alcohol and Gaming Commission of Ontario (AGCO) will regulate the marijuana retail outlets in the province.
Interested applicants had from Monday, January 7 to 12 PM (noon) on Wednesday to enter the draw.
The 25 winners of the lottery will have to move quickly, since they will be given only five business days to submit their respective application, along with a $50,000 letter of credit and a $6,000 non-refundable fee.
Finance Minister Vic Fedeli said the cap on the number of retail locations in Ontario will be lifted once the cannabis supply issue has been dealt with by the federal government.
“We know that putting out 25 stores, which is the amount of cannabis that we can guarantee receiving, is the right way to go,” said Fedeli. “This is only temporary. Once the federal government can guarantee a better supply then we know we’ll begin to issue more licences as we go along.”
The government of Ontario gave the Alcohol and Gaming Commission of Ontario (AGCO) the mandate to hold a lottery to determine who may apply for marijuana Retail Operator Licences in the province.
By Marijuana.Ca Staff