As the number of new cannabis shops grows in Toronto, opening up a new one seems risky —maybe even more so if you are next to a popular unlicensed dispensary.
Lagoo owner Levon Kostanyan tells blogTO it was a business decision to open in the neighbourhood as it is a good location with lots of foot traffic.
“If I wasn’t going to take that location someone else was going to,” Kostanyan says.
There are limited places to open due to regulations around cannabis shops proximity to schools.
“Even if someone opens it is going to be next to Harbord Village because you can’t open any other place,” Kostanyan says.
He knows of another licensed cannabis shop opening in the same area soon and there may be more. He is experiencing a similar situation with his first Lagoo shop, which opened recently in Tillsonburg where are six stores.
“It’s doing okay,” he says.