September 11, 2017
Quotes from Torys partner and head of our Life Sciences Practice Cheryl Reicin on the Ontario Government’s announcement regarding the retail sale of marijuana have been published across a number of news outlets, including CP24 and the CTV News.
Cheryl’s comments relate to the Ontario Government’s decision to be the sole brick-and-mortar and e-commerce seller of recreational marijuana when it is legalized next year.
Cheryl said it would be interesting to see the effect having a dominant wholesale customer would have on the industry and its producers.
She said having one main buyer would make it hard for smaller marijuana producers to compete.
"It's going to put a lot of pricing pressure on the LPs, the licensed producers... It will be interesting to see how many players they deal with," Cheryl said.
"Whether it's going to be a whole bunch, or whether the numbers will dwindle."
Cheryl’s comments were published on the following sites:
- CTV News
For a comprehensive summary of all the team’s insights on cannabis developments, head to the Torys cannabis industry page.
Read our summary of the Canada’s proposed cannabis framework released by the federal government in April by heading to the Torys website.