Ecommerce giant Shopify is set to become a major player in Canada's legal weed market

Business Insider | 2/14/2018 | Jeremy Berke
iloveangie02 (Posted by) Level 3
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Ecommerce giant Shopify will handle online cannabis sales for the province of Ontario, Canada in partnership with the provincially-run Ontario Cannabis Retail Corporation (OCRC).

Cannabis in Ontario will be sold solely through OCRC's stores and online platform.

Market - Ontario - People - Toronto

It's a huge market: Ontario has over 13.6 million people, including Toronto.

Shopify is getting into the legal weed industry.

Ecommerce - Giant - Sales - Province - Ontario

The ecommerce giant will handle online sales for the Canadian province of Ontario's cannabis market in partnership with the Ontario Cannabis Retail Corporation (OCRC), the Canadian Press reports.

It's a huge market: The province has over 13.6 million people, including Canada's largest city and financial center, Toronto. And, a report from Deloitte estimates the retail market for legal cannabis in Canada could hit $8.7 billion annually, with Ontario consumers representing more than one-third of Canada's total population.

Ontario - Cannabis - OCRC - Outlets - Dispensaries

In Ontario, cannabis will be sold solely through provincially-run OCRC outlets, rather than privately-owned dispensaries.

The OCRC, a subsidiary of the provincial government's Liquor Control Board of Ontario (LCBO) — which handles liquor sales throughout the province —...
(Excerpt) Read more at: Business Insider
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