MJBizMag September 2020 - 48

AFFAIRS
FOREIGN
Toronto, Ontario
Newfoundland
and Labrador
Monthly adult-use retail sales:
$2.1 million (CA$2.8 million)*
Active medical patient registrations: 4,652
(up 12.3% since legalization)
Number of retail stores per 10,000
residents: 0.5 (26 stores or licenses issued)
Retail system: Privately owned,
brick-and-mortar stores
Wholesale: Private sector
E-commerce: Private sector
* As of May 2020
Newfoundland and Labrador is the
only Atlantic province to open the
retail sector to private ownership, and
there is more room for growth if the
province will allow it. Relatively lower
startup costs could make Newfoundland
a good home for microbusiness
startups (micro licenses are managed
by the federal government). In the past,
the provincial government has supported
cannabis businesses, even offering
Ontario-based Canopy Growth $30
million (CA$40 million) in reduced
sales remittances to assist in building a
150,000-square-foot production facility.
The Battery in St John's,
Newfoundland
and Labrador
Nova Scotia
Monthly adult-use retail sales:
$4.4 million (CA$5.9 million)*
Active medical patient registrations: 13,611
(down 2.7% since legalization)
Number of retail stores per 10,000
residents: 0.13 (13 stores or licenses issued)
Retail system: Government-owned
Wholesale: Nova Scotia Liquor Corp.
E-commerce: Government-controlled
* As of May 2020
Nova Scotia's relatively small adult-use
cannabis market is complemented by a
steady medical marijuana market that
has not lost steam since legalization.
The Atlantic Provinces Economic
Council (APEC), a nongovernmental
policy-research organization, notes
that Atlantic Canadians, on average,
consume more cannabis than those
from other provinces. Businesses should
plan for a shortage of retail outlets for
years to come pending a change of
course by the provincial government.
Cannabis businesses are eligible for
various provincial incentives, including
a refundable R&D tax credit for 15% of
eligible expenses.
48 Marijuana Business Magazine | September 2020
Ontario
Monthly adult-use retail sales:
$30.9 million (CA$41.1 million)*
Active medical patient registrations:
171,107 (up 6.7% since legalization)
Number of retail stores per 10,000
residents: 0.09 (140 stores or licenses issued)
Retail system: Private sector
Wholesale: Ontario Cannabis Retail Corp.
E-commerce: Government-controlled
* As of May 2020
Ontario's legal cannabis market has been
dominated by a few key trends: brisk
growth in the adult-use market, steady
growth in the medical market, a chronic
lack of stores and over-centralization of
production. Industry officials also blame
government incompetence.
Regulatory hurdles abound and
should be factored into business plans.
Cannabis companies-especially
producers-should operate under
the expectation that the private store
rollout in Ontario and elsewhere will be
slow. Store owners who completed the
regulatory process are being forced to
wait almost a year to open their doors as
bills pile up with no revenue.

MJBizMag September 2020

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