As of Monday, June 1, any person who wants to run a REC store in Manitoba may apply. Since legalization, Manitoba has only licensed 30 REC stores, half of which are in Winnipeg, but a government representative said the move would encourage “an open and competitive cannabis market” that will generate jobs and bolster Manitoba’s economy as the province recovers from COVID-19.
MJ Biz Daily, Global News
- A new “Controlled Access License”will be introduced, allowing for licensed retailers operating in the “store-within-a-store” model, possibly even for non age-restricted stores able to restrict access to a single area.
Twitter–@drowbb - Only one application per person will be processed at a time, and no REC owner may hold more than 15% of stand-alone stores in the province, though that proportion will be expanded as the market widens.
Cannabis Retailer
Quick Hits
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Lawyer Chad Finkelstein broke down the mysteries of white-label packaging, in which producers delivery raw product for another company to brand and sell.
Twitter–@ChadFinkelstein -
South Korea’s sovereign wealth fund bought into Cronos, Aurora, and Canopy as the three major LP stocks hit 52-week lows.
MJ Biz Daily
