Lawyer Chad Finkelstein said the next Ontario REC lottery would include “fewer applicants and double the stores.”
Bloomberg
Last week I noted the one bank still willing to support Ontario REC lottery entrants had closed applications. This week, lawyer Trina Fraser rapped banks for delaying letters of support for the Alcohol and Gaming Commission of Ontario “only to pull the plug at the last minute, leaving their clients with no remaining opportunity to go elsewhere.”
- She said customers didn’t believe longstanding banks “would refuse to provide these letters for a perfectly legal business opportunity,” especially because branch-level employees were often supportive before being told by management they would not handle the letters. Twitter
- Prior to the lottery opening, the AGCO announced and listed the eight proposed REC retail stores on First Nations across Ontario.
- In June, Ontario’s Chiefs voted to assert their jurisdiction over all cannabis operations in their territories. Soo Today
Quick Hit
- Lift & Co announced a strategic alliance with MJ Biz Daily to collaborate on US and Canadian cannabis trade shows. The upcoming MJBizConINTL in Toronto, September 4 through 6, will be the partners’ first combined event. See you there.
NewsWire
