Canada is in the process of regulating recreational marijuana so the geniuses in the government of Ontario have declared that all marijuana will be distributed through “Ontario Cannabis Retail Corp.” On the other hand, the western provinces are open to pretty much anybody who meets the legal criteria.
I’ll give you three guesses where the money is going.
This is from Markets Insider
CALGARY, Nov. 21, 2017 /CNW/ – Inner Spirit Holdings Inc. (“Inner Spirit” or “the Company”), a specialty retailer and franchisor establishing recreational cannabis dispensaries across Canada, today announced that it has executed 55 franchise agreements ahead of the country’s planned recreational cannabis legalization in July 2018
“Realizing the significant opportunity associated with Canada’s legalization of recreational cannabis, we created the Spiritleaf brand and began marketing franchises in May of 2017 with the goal of recruiting 100 qualified entrepreneurs who want to work together to build an iconic Canadian brand,” said Darren Bondar, CEO of Inner Spirit. “I am very encouraged by the interest we have received so far, and it has increased significantly given the cannabis framework announced by the Government of Alberta last week.
Meanwhile back in Ontario:
Before Cannabis Culture co-owner Jodie Emery was arrested in March, she had big plans for her lounge and dispensary franchise model.
Now most of them are shut down, and Emery is on bail facing charges related to trafficking and other allegations.
Something else that I find interesting is that on Ontario’s legalization page there’s no mention of “Ontario Cannabis Retail Corporation”, only an unnamed subsidiary.
We are proposing that the Liquor Control Board of Ontario (LCBO) oversee the sale and distribution of recreational cannabis through a subsidiary corporation, taking advantage of its experience in distributing controlled substances and commitments to social responsibility.
Is it just me, or does this whole thing simply reek of the “old boy network?”