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by Stockwatch Business Reporter

The Canadian Securities Exchange Composite Index dropped 3.2 points to 650.17 Thursday. When Ontario announced yesterday that it would hold an auction for the opening of 50 more cannabis stores in the province (Ontario previously granted permission for 25 stores to open), Ontario's attorney general, Doug Downey, said the province was not able to issue more licences for stores because there are cannabis supply problems that stem from Health Canada. "While the federal supply issues persist, we cannot in good conscience issue an unlimited number of licences to businesses," he complained non-sensically.

Bill Blair, Canada's Minister of Border Security and Organized Crime Reduction, did not hold back in a statement responding to claims of federal supply issues being Ontario's primary problem Wednesday: "With the notable exception of Ontario, the rest of the country has made steady progress in displacing the illicit market with licensed and regulated retail stores. While the rest of the country made progress, the Ford government made excuses."

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