Act
Proposed legislative amendments to the Cannabis Licence Act, 2018 regarding licence and inventory transfers
Regulation Number(s):
N/A
Instrument Type:
Act
Bill or Act:
Cannabis Licence Act, 2018
Summary of Proposal:
MAG is proposing amendments to the Cannabis Licence Act, 2018 to establish regulation-making authority to permit the transfer of cannabis retail store licences such as Retail Operator Licences, Cannabis Retail Manager Licences, and Retail Store Authorizations as well as the transfer and sale of cannabis inventory between licensees, in circumstances specified by regulation.
If the proposed statutory amendments are passed, it is anticipated that regulations would be developed to establish a framework for licence and authorization transfers, and inventory sales and transfers, which could include requirements and conditions for carrying out these activities.
The proposal is intended to reduce burdensome administrative processes cannabis retailers face to complete common business activities, such as selling a cannabis retail store.
If the proposed statutory amendments are passed, it is anticipated that regulations would be developed to establish a framework for licence and authorization transfers, and inventory sales and transfers, which could include requirements and conditions for carrying out these activities.
The proposal is intended to reduce burdensome administrative processes cannabis retailers face to complete common business activities, such as selling a cannabis retail store.
Analysis of Regulatory Impact:
There are no direct impacts, including costs from the legislative proposal. If the proposed statutory amendments are passed, it is anticipated that regulations would be developed under the new regulation-making authorities that would set out a framework for licence and inventory transfers. An assessment of any costs associated with potential regulatory amendments would be brought forward at that time.
Further Information:
Proposal Number:
23-MAG002
Posting Date:
April 3, 2023
Comments Due Date:
May 18, 2023
Contact Address:
Ministry of the Attorney General
Corporate Policy Unit
720 Bay Street, 3rd Floor
Toronto, ON M7A 2S9
Corporate Policy Unit
720 Bay Street, 3rd Floor
Toronto, ON M7A 2S9