Matt Maurer speaks to BNN Bloomberg about licence delays for cannabis retail stores that are trying to open
Matt Maurer, of Torkin Manes' Cannabis Law Group, spoke to BNN Bloomberg about licence delays for cannabis retail stores that are trying to open.
"The AGCO remains committed to working with our government partners on opportunities to increase the number of [retail store authorizations] that can be issued each month."
Analysts expect the authorization limit to be increased soon as the province completes construction on a second distribution warehouse. BMO Capital Markets analyst Tamy Chen said in a report last month that the second warehouse would be open in September which would help ease supply chain challenges in the province.
Matt Maurer, partner and cannabis law specialist at Torkin Manes LLP, said that he expects the AGCO to double the number of licences it issues shortly, but cautions that it might be too late for some prospective cannabis retailers.
"We know some people who, when they learned how long it would take to get licensed, decided to withdraw their application and get out of the industry altogether," Maurer told BNN Bloomberg in a phone interview. "For anyone that has been able to hang in, any increase in licence granting capacity will be a welcome change."
To read the complete article, please visit BNN Bloomberg.
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