Canadian E-Commerce Giant Shopify Is Entering The Cannabis Industry

Ontario’s plan for selling legal cannabis online is starting to take shape. It was revealed today that the Ontario government has inked a deal with Canadian e-commerce business Shopify to use their platform for online sales.

Shopify was founded in 2004. The company reports that it has more then half a million merchants using its platform. In addition to their e-commerce software, Shopify’s tech will be used in cannabis stores to process transactions and display product information.

"Our top priority is fulfilling the province's framework for the safe and sensible retailing of recreational cannabis for when it is legalized by the federal government," said George Soleas, president and CEO of the Liquor Control Board of Ontario. The LCBO will be overseeing the forthcoming Ontario Cannabis Retail Corporation (OCRC).

In addition to online sales, the OCRC will open 40 stores by the end of 2018, with goals of 80 by 2019 and 150 by 2020.

h/t The Globe and Mail


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