Lottery for Ontario retail cannabis licences to take place next week

Lottery for Ontario retail cannabis licences to take place next week
Lottery for Ontario retail cannabis licences to take place next week

The Ontario government will accept entries next week from those looking to enter a lottery to apply for the first 25 retail cannabis licences in the province.

The Alcohol and Gaming Commission of Ontario says expressions of interest can be submitted online Monday through noon Wednesday, with the draw to take place on Friday and results to be posted within 24 hours.

There is a $75 fee to submit an expression of interest and those selected through the lottery will have five business days to turn in their application along with a $6,000 non-refundable fee and a $50,000 letter of credit.

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