Oct. 17 marks the fourth anniversary of Canada’s recreational cannabis legalization.
When The Cannabis Act was passed in 2018, Canada became the second country in the world to legalize the sale, possession and non-medical use of cannabis by adults.
But the industry grew quickly — even the pandemic didn’t slow it down — and Canada now has more than 3,300 licensed stores. Legal cannabis products are more accessible than ever. However, not all is well with industry. Producers’ profits have suffered due to overproduction. Meanwhile, stores in some places, like Toronto and Manitoba, face too many competitors.
This means the provincial government received about 30 cents out of every dollar its residents spent on legal recreational cannabis last year. The Ontario Cannabis Store spent another six cents on operating expenses. Governments clearly need revenue from someplace. But is it appropriate to extract so much from consumers in ways that ignore the industry’s low profitability?Provinces also should review their cannabis agencies’ operations, including whether those agencies should keep their wholesale monopolies.
Lastly, provinces should consider simplifying rules to help retailers, without hurting public policy. For example, Alberta recently removed its requirement for stores to cover their windows. Transparent glass can make shops safer for staff inside, and street-friendlier for pedestrians outside.Retail density is another key consideration. At one extreme, some Ontario neighbourhoods have too many shops. This clustering occurred partly because the province stalled licensing for a year.
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