Hundreds of New Pot Stores Vie for Survival Even as Prices Drop

Some call for cap in saturated market as number of Ottawa cannabis retail shops grow.

Ottawa is expected to see a tenfold increase of cannabis retailers by next year — a cause for concern among some who are trying to make a go of the business in a still fragile legal market.

“I think we should cap it,” said Karen Nguyen, the chief operating officer of Collective Growers, which has a store open in Pembroke, Ont., and Ottawa, with pending approvals to open three more in the nation’s capital.

Those stores are among several dozen listed on the Alcohol and Gaming Commission of Ontario (AGCO) website that are still awaiting some regulatory hoops, but expected to open by year end.

Full article at CBC News.

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