Are you interested in selling cannabis in Canada? If so, you need to know the regulations and requirements for doing so. In this article, we'll cover everything you need to know about selling cannabis in Canada, from obtaining a retail operator's license to tracking and reporting inventory and sales data. In order to open a retail store and sell recreational cannabis, you must have a retail operator's license. Under Ontario's regulatory model, the Alcohol and Gaming Commission of Ontario (AGCO) is responsible for licensing eligible retail store operators, authorizing retail cannabis stores, and regulating the sale of cannabis.
If you change the name of your legal entity, you must file this change in relation to your retail operator license and any retail cannabis store authorization you hold. Advertising and promotion of cannabis products is strictly regulated. This includes any public notice, representation or activity that aims to draw attention to cannabis, accessories for cannabis, or the sale of cannabis. When it comes to the physical location of your store, it must be the only company operating outside the proposed location.
It cannot also function as a restaurant, coffee shop, pharmacy, convenience store, etc. As a licensed retail operator, you are responsible for managing the store honestly and with integrity at all times. This includes being responsible for cannabis inventory, hiring and managing employees, and ensuring the store operates honestly and with integrity at all times. The cost of production for legally growing cannabis as a licensed producer (LP) under the Access to Cannabis for Medical Purposes Regulations (ACMPR) or the Cannabis Act is typically around one dollar per gram before costs of depreciation, administration and sale are taken into account.
When it comes to displaying marijuana and accessories in your store, they must be kept out of sight from young people even from outside the store. Subsection 12 () of the Cannabis Licensing Act states that if a holder's retail operator's license is revoked or not renewed, any retail store authorization held by the holder is revoked as soon as the retail operator's license is revoked or not renewed. Licensees are prohibited from entering into agreements with authorized producers (LPs) and their representatives in order to promote or increase the sale of a particular product by the licensee or their employees. Cannabis retail store operators must ensure that they are properly tracking and reporting inventory and sales data.
This includes tracking book value of all destroyed products or SKUs (including products designated to be destroyed) on the premises of a cannabis retail store within a reference period; total book value of each of the products or SKUs (which represent a positive adjustment in the inventory of a retail cannabis store and do not constitute a purchase or return within a reference period); retail value of all given products or SKUs returned by a customer to a retail cannabis store within a reporting period; and book value of all returned products or SKUs (including products designated to be returned) on the premises of a cannabis retail store within a reference period. In cases where serious violations are reported that make it in the public interest not to allow a licensee to continue selling cannabis, the Registrar may immediately suspend a retail operator license, a retail store authorization, or a retail store manager license.
