Cannabis retailers in Ontario who have failed to open their stores by a government-set deadline are facing a new round of financial penalties.
Twenty-five retailers were selected through a government lottery to open the first brick-and-mortar cannabis stores on April 1, but less than half met the deadline.
The Alcohol and Gaming Commission of Ontario established a system of escalating penalties for retailers who didn't start serving customers on time. The agency says it has drawn down on letters of credit submitted by the licencees -- some for a second time -- taking $12,500 from the $50,000 initially provided.There are currently 13 cannabis shops operating across the province.
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