Ontario cannabis regulator reminds retailers not to divert product to the illicit market

Leafythings said its “retail support program” is intended to help retailers close up shop more efficiently and not be caught in a “wind-down process” that can take months. Leafythings attributes that delay to the “inventory requirements retailers must execute to maintain their accountability.”Article content

Jeffrey Neil, Leafything’s director of community engagement, said the company saw a “problem brewing” with that system. Leafythings also claimed it recently secured a private investment of $8 million to assist with acquisitions and experiential programs.Article content, the AGCO noted that it had been aware of the Leafythings program and stated that the platform operates “outside of the regulated market.”

“Failure to properly dispose of inventory before you close may result in compliance activity by the AGCO or action from other law enforcement agencies,” it adds.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ontario cannabis regulator reminds retailers not to divert product to the illicit marketOntario cannabis retailers are reminded not to divert legal products to the illicit market after an online platform announced it would buy products from struggling licensed stores — via TheGrowthOp cannabisnews ontario TheGrowthOp How could pot stores be struggling? There is one on every city block. This makes no sense 🤔 /s
Source: VancouverSun - 🏆 49. / 61 Read more »