News Formal

OCS to reduce product margins in latest move to combat illicit cannabis market - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 50%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Ontario’s cannabis business said Thursday it will reduce margins on the legal marijuana products it sells to the province’s retailers later this year in a move aimed at competing more forcefully with the still-thriving illicit market.

The Ontario Cannabis Store , which sells cannabis online throughout the province but also acts as the provincial wholesaler to brick-and-mortar retailers, said it will introduce a fixed mark-up pricing model that will ensure greater transparency and consistency for licensed producers when selling products to consumers.

The mark-up plans also come after Ontario’s Auditor General blasted the OCS in Dec. 2021 for implementing a “value-based pricing” model without completing background research to justify switching to that scheme. After the Auditor General’s report was released, the OCS said it would complete a detailed review of its pricing policy.

“The OCS deserves credit for implementing these important changes which will accelerate industry sustainability and ultimately profitability as we intend to hold our prices due to the already highly competitive product pricing within the sector,” said Canopy CEO David Klein in a statement.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Brainwashing slang is still thriving in journalism class? Cannabis CannaScience EducationIsKey

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 83. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

First Quantum Minerals sees earnings rise in 2022 despite drop in Q4 - BNN BloombergFirst Quantum Minerals says it earned US$117 million in the fourth quarter of 2022, 52.6 per cent down from US$247 million in the same quarter a year earlier, due to significantly lower cash flows from operating activities.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »