Ontario’s Terrible Approach To Legal Cannabis Evident In Revenue Forecast


CONTACT:

David Clement
North American Affairs Manager
Consumer Choice Center
[email protected]

29. January 2018

Ontario’s Terrible Approach To Legal Cannabis Evident In Revenue Forecast

TORONTO, ON – Last week, Ontario’s Minister of Finance Charles Sousa stated that the province does not expect to have net revenue from legal cannabis sales. Minister Sousa explained that set up costs will dampen the province’s ability to turn a profit in the short term.

David Clement, the Toronto-based North American Affairs Manager of the Consumer Choice Center (CCC), explained that the province’s revenue forecast is further evidence that Ontario’s cannabis regulations are destined to fail.

“Minister Sousa’s comments further highlight the need for private retail sales. If the government can’t turn a profit selling cannabis due to start up costs, then the province should legalize private sale so the costs can be absorbed by the private sector. This is exactly what other provinces like Manitoba have done. Embracing private sale is a far more accessible and consumer-friendly approach to legalization, which will help curb black market consumption,” Clement said.

***CCC North American Affairs Manager David Clement is available to speak with accredited media on consumer regulations and consumer choice issues. Please send media inquiries HERE.***

WATCH: David Clement discusses cannabis policy on CBC’s On The MoneyCBC CompassAM980, and AM800. Read his work in The Hamilton Spectator.

The CCC represents consumers in over 100 countries across the globe. We closely monitor regulatory trends in Ottawa, Washington, Brussels, Geneva and other hotspots of regulation and inform and activate consumers to fight for #ConsumerChoice. Learn more at consumerchoicecenter.org.

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