Ontario Cannabis Store plans to overhaul wholesale markups

The Ontario Cannabis Store (OCS) says it is reforming markups on wholesale marijuana at the expense of its own margins in a move meant “to help enable a vibrant cannabis marketplace.”

The OCS, which is owned by the Ontario government, has a monopoly on supplying licensed recreational marijuana stores in Canada’s largest provincial cannabis market.

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“Reduced margin levels are expected to help enable a vibrant marketplace so that it is better positioned to compete with illegal operators,” the OCS said in a Thursday announcement.

The OCS told MJBizDaily in September that it was reviewing its markups.

MJBizDaily has reported that the wholesaler in Canada’s most valuable adult-use market was cumulatively the most profitable cannabis business in the country.

In December 2021, Ontario’s auditor general knocked the OCS for its value-based pricing approach for cannabis products, saying it was “not based on sufficient analysis and is not transparent

The post Ontario Cannabis Store plans to overhaul wholesale markups appeared first on GrowCola.com.

The Ontario Cannabis Store (OCS) says it is reforming markups on wholesale marijuana at the expense of its own margins in… Continue reading
The post Ontario Cannabis Store plans to overhaul wholesale markups appeared first on GrowCola.com. 

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