Three new cannabis shops to open in the Hamilton area

Hamilton could potentially get three new pot shops after the latest provincial lottery draw.

Results of the latest cannabis retail lottery were announced on Wednesday, where three Hamilton applicants have been given the go-ahead by the province to proceed with cannabis shop licenses.

Applicants had to file through the Alcohol and Gaming Commission of Ontario (AGCO) with a few strict guidelines to follow in order to be considered eligible to open a brick and mortar store. Applicants had to meet pre-qualification requirements such as confirmation from a financial institution that they had $250,000 in cash, a Standby Letter of Credit of $50,000, and a suitable retail space that is available no later than October 2019.

The winning locations are at Upper James Street and Stone Church Road, in Ancaster between Wilson Street and Garner Road, and in Stoney Creek south of the QEW and Fifty Road.

There were 4,864 eligible entrants all over Ontario with only 42 being selected during the latest draw. Applicants only have a week to apply for a retail operator licence and a retail store authorization.

Any applicants that were not fortunate enough to be selected in the lottery will be waitlisted and could be called upon if one of the winning bids are determined to be ineligible or disqualified.

The three new cannabis retail locations would join the two existing licensed shops Hello Cannabis Store and Canna Cabana Hamilton.

Interestingly enough, there will still be no legal cannabis dispensary presence for the Downtown Hamilton area.

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