Ontario Cannabis Store Set To Lose $25 Million This Year Amid ‘Federal Mismanagement’
Ontario's provincially-run cannabis distributor is set to lose $25 million in the current fiscal year, according to projections in the 2019 budget released by Queen's Park on Thursday.
The losses are the result of its initial investment in developing a wholesale distribution network, combined with the fact that OCS has sold relatively little product so far — which the provincial Progressive Conservative government blames on the federal Liberals.
The OCS is facing "a national cannabis supply shortage brought on by the federal government's mismanagement," the budget document says.
Lollers. It is worth noting that New York's Off Track Betting monopoly went bust, and the profits are built in mathematically in that racket.