On the flip side, the publication reported that 32 cannabis retailers in Ontario had closed their doors since June 2021. According to BlogTO, there are now “Retail for Lease” signs posted on the window of the former LoveBud Cannabis store and previously there had been notices from the landlord. Cannabis retailers continue to face challenges ranging from excessive taxes to ballooning competition and that situation has spurred some pot shops to close their doors, sometimes involuntarily. A lawyer who has represented legal pot shop retailers told the news outlet that some Toronto retailers have told her they are being undercut by the black market. I expect to see massive store closures in Canada, with the toll likely closer to 1000 than 100,” George added.
Cannabis retailers continue to face challenges ranging from excessive taxes to ballooning competition and that situation has spurred some pot shops to close their doors, sometimes involuntarily.
One such case recently occurred in Toronto’s East Chinatown area and involved a pot shop that had only been up and running for months.
According to BlogTO, there are now “Retail for Lease” signs posted on the window of the former LoveBud Cannabis store and previously there had been notices from the landlord.
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