Hundreds of new pot stores vie for survival even as prices drop - News Summed Up

Hundreds of new pot stores vie for survival even as prices drop


There were a dozen retail cannabis stores in Ottawa this January, and that number is expected to grow to about 126 next January. The growth in retail pot stores in Ottawa reflects a provincewide trend. There were 52 cannabis retailers in March 2020; that number grew to 572 stores open by March 2021, according to the most recent Ontario Cannabis Store (OCS) annual report. Cannabis sales grew from $41 million in March 2020 to $103 million in March 2021. Nguyen at a gutted bar on Sparks Street that will be transformed into a cannabis retail store by January 2022, but finding contractors has been challenging post-pandemic.


Source: CBC News August 06, 2021 15:45 UTC



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