New Legislation: The Cannabis Licence Act, 2018
On September 26, 2018, the Ontario government announced its plan to introduce legislation named the Cannabis Licence Act, 2018 that will propose a licensed and regulated private retail model to sell cannabis in Ontario. As it stands, the Alcohol and Gaming Commission of Ontario will regulate the authorization to grant cannabis store licenses and enforce compliance. Interestingly, the proposed legislation will not cap the number of stores allowed to get provincial licences and licensed growers will be limited to one store each at an Ontario production site. As a result, the proposed legislation has drastically changed the large-scale retail plans of the largest companies and opened a window of opportunity for small business owners to actively compete for private cannabis retail market share.
Obtaining a Retail Dispensary Licence
We presently represent several proposed Cannabis dispensaries in Ontario seeking to obtain the combination of retail operator licence and retail store authorization, which combined permit the operation of a store front dispensary and sale of cannabis within the store.
The Cannabis Licence Act contains a number of restrictions in the types of persons or entities that can apply for and obtain a retail operator licence, as well as the issuance process. If you are interested in applying for a provincial licence to open a private cannabis retail store, our cannabis lawyers will prepare the dual applications to ensure the rules, guidelines and prohibitions relating to the licencing application are met.
Why Kalfa Law
Because we have cannabis partners. We not only incorporate your corporation, but we ensure your new business is established with an experienced corporate accountant who specializes in cannabis law. We structure your corporate entities to allow for flexibility to encompass a future sale or large scale investors. We connect you with our service providers in the financial industry to establish your corporate bank account, as most of the major financial institutions in Canada will refuse cannabis business at this point in time.
We have also assisted a publicly traded company in its acquisition of a Canadian cannabis corporation with proprietary rights to technology within the marijuana delivery process. We've prepared Cannabis technology and intellectual property licencing agreements and helped launch Cannabis R&D companies.
If you would like to speak with a lawyer about Cannabis law and how we can help establish your growth or dispensary business, contact us today. Opening a dispensary? We’re here to help™