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Tilray Inc
Symbol TLRY
Shares Issued 446,156,841
Close 2021-12-10 C$ 10.98
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Globe/CP say Canopy, others hit by uneven city rules

2021-12-13 09:16 ET - In the News

See In the News (C-WEED) Canopy Growth Corp

The Globe and Mail reports in its Monday edition that the wildly uneven distribution of pot stores in municipalities across Canada has become a problem for both producers and customers. A Canadian Press dispatch to The Globe reports that caught in the middle are cannabis companies and consumers who must order products for delivery, drive to the nearest region with physical retailers or turn to the illicit market. Ontario estimates the illicit market handled 52.9 per cent of pot purchases made between April 1 and June 30. The Alcohol and Gaming Commission of Ontario, which oversees the licensing of cannabis retailers, said 66 of the province's 414 communities continue to block cannabis retail, down from 77 at the outset of legalization. When delivery requests from the B.C. Lower Mainland flow into cannabis retailer Dutch Love, a reliable number of them come from customers in the suburbs of Surrey and Richmond. The company can deliver its goods to those communities, but cannot physically open a store there because of local bylaws that prevent pot store from opening within their boundaries. Dutch Love's Harrison Stoker says he hopes that "at some point, those municipalities will opt in and we'll be able to access them."

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