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Re: Bonno post# 10430

Wednesday, 06/08/2022 1:45:55 PM

Wednesday, June 08, 2022 1:45:55 PM

Post# of 15975
US states don't have government-owned wholesalers taking massive cuts, so they're able to discount more and stay profitable.

Not the case in Ontario, where retailers are forced to buy from a wholesaler who take a MASSIVE margin.

"That amounts to almost 5 million Canadian dollars in discounts every month."

That's meaningful in these circumstances:

Ontario cannabis store count approaches 1,900 amid retail glut worries
New data show nearly 1,500 cannabis stores operating in Canada's largest adult-use market and hundreds more applications in the pipeline, reinforcing concerns that a glut of retailers in Ontario...
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