Publication
Blockchain law: Beyond our borders
Legal developments concerning blockchain and digital assets are not limited to the English-speaking world or to common-law jurisdictions.
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Global | Publication | January 2019
As we previously reported, the Alcohol and Gaming Commission of Ontario (AGCO) will hold a lottery to determine which interested parties will be invited to apply for a retail operator license. The Ontario government has set an initial cap on the number of cannabis retail store authorizations it will issue at 25 and each holder of a retail operator license will only be eligible to apply for one such authorization.
Interested parties may submit an expression of interest (EOI) to the AGCO from 12:01 a.m. Eastern Standard Time (EST) January 7 until 12 p.m. EST January 9, 2019.
The AGCO released the rules for the lottery on January 2, 2019. These rules will apply to all licenses that are issued until December 13, 2019, or until the Ontario government decides to open the process. The full text of the rules is available here. Key points include:
The AGCO has stated that all expressions of interest received between January 7 and 9 will be pooled, meaning no advantage will be given to those who submit EOIs early. Prospective applicants should create an account on iAGCO to be prepared to submit an expression of interest between January 7 and 9.
For a timeline for the cannabis retail lottery, licensing and store authorization process, please see this link.
The authors wish to thank articling student Daniel Weiss for his help in preparing this legal update.
Publication
Legal developments concerning blockchain and digital assets are not limited to the English-speaking world or to common-law jurisdictions.
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