What a success! Ontario received 450 pot shop applications on first day

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Retailers are wasting no time in trying to get a piece of Ontario’s pot pie.

The province received a whopping estimated 450 Retail Store Authorization (RSA) submissions on March 2, the first day Ontario began accepting the applications, Marijuana Business Daily reports.

After two highly-contested and much-criticized lotteries, Ontario is embracing an open-market system of store allocation.

The AGCO is expected to start combing through applications immediately, and hopes to start handing out authorizations as soon as next month. Interested parties can apply via the Alcohol and Gaming Commission of Ontario’s (AGCO) online portal.

“The AGCO will process applications as they are received. However, the first application received will not necessarily be the first issued, as a number of factors determine the length of time to process it,” an AGCO spokesperson told Marijuana Business Daily.

Some of those factors include whether a store location is ready to open (versus whether renovations are required or incomplete), whether applicants are already in possession of a Retail Operator Licence (ROL), and whether the applicant is responsive to AGCO inquiries.

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