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Monday, May 03, 2021

Only the government can lose money selling weed

Ontario Cannabis Retail Corp. lost $42 million in the latest fiscal year, according to newly released public documents. 

The provincial Crown corporation tasked with online sales and wholesale distribution of recreational pot reported revenues of $64 million for the year ended March 31, 2019. 

Court halts Ontario cannabis store licensing until judicial review takes place However, Ontario's consolidated financial statements show the OCRC, which operates as the Ontario Cannabis Store, racked up expenses totalling $106 million during the period. 
-WiscoDave