The Ontario Cannabis Store (OCS) said yesterday that it has partnered with 26 licensed producers for its online retail platform. The store will be Ontario’s only online retailer when recreational marijuana is legalized in the fall, and supply agreements with Health Canada-authorized producers will be competitive.
The online retailer will sell a variety of products, including dried flower, cannabis oil and cannabis seeds, to customers 19 and older when pot becomes legal on Oct. 17.
OCS is also working on supply agreements with cannabis accessory suppliers, and that it plans to expand the selection of its available products over time. To ensure products are delivered to homes safely, it will have a verification system in place. They will also establish a wholesale distribution network to supply pot in private stores.
The Progressive Conservative’s new plan to have cannabis sold through a private retail model is a stark contrast to the Liberals past plan for a provincial government monopoly on cannabis sales.
The province was to operate 150 brick-and-mortar stores by 2020, but the new plan means Cannabis sales at physical stores will not start until 2019.
This week, Cannabis shares soared after Constellation Brands’ bet on Canopy Growth has made it the biggest health-care company listed on the Toronto Stock Exchange.