CannabisNews420.com – Cannabis/Marijuana Industry News
MJ Biz reports
The Ontario Cannabis Store (OCS) is expecting to lose 25 million Canadian dollars ($18.7 million) in the first full year of the country’s new adult-use market, even though it had a monopoly on sales for the first six months of legalization and retains permanent control over all online transactions.
That’s on top of the CA$6.8 million net loss the OCS reported for the period of Dec. 12, 2017, to March 31, 2018.
Ontario expects the government-owned cannabis store to turn a small profit of CA$10 million in 2019-20.
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