Canada's largest city is the latest of a host of municipalities to crack down on payday lenders with bylaws to impose restrictions on their business activities and rein in the number of physical locations. Toronto City Council adopted new interim regulations last week that cap the number of physical locations allowed across the city and require operators to be licensed. That permit will cost lenders an initial $633, plus $309 to renew it annually. The number of payday licenses will be capped at 212, which matches the number of provincially-licensed locations already operating in the city as of May 1, according to Toronto's municipal licensing and standards department.
The Ontario Cannabis Store has no business selling accessories like bongs and rolling papers. That message is coming from the Canadian Federation of Independent Business, concerned the government-owned stores will force out small private sector shops that have been offering these products for years. “The OCS, they’ve got their monopoly on the sale of cannabis,” Ryan Mallough, CFIB’s senior policy analyst for Ontario, said Saturday. “Less known is that they’re also going to be selling the products that you use to consume cannabis — the pipes, bongs, the rolling papers, that sort of thing – which encroaches on a fairly large and vibrant and longtime existing legitimate market.”
Business professor Michael Armstrong says Ontario's legal marijuana retailer may not be doing enough to discourage black market sales.