Tokyo Smoke co-founder launches cannabis consumption lounge business [Toronto Globe and Mail (Ontario, Canada)]
Tokyo Smoke co-founder launches cannabis consumption lounge business HIGHLIGHTS One of Canada’s most successful cannabis entrepreneurs is moving to open the marijuana equivalent of a bar. MoCanna, founded and chaired by Tokyo Smoke co-founder Lorne Gertner, announced its first major project on Friday morning: an 8, square foot cannabis consumption lounge and cultural space called byMinistry set to open at 85 Adelaide Street West in downtown Toronto before the end of this year. While the plan is to eventually have multiple locations selling cannabis-infused food and drinks in the same way bars sell alcohol, expectations for the required laws and regulations allowing such businesses to exist remain years away. “I have been doing this a long time,” Mr. Gertner said in an interview. He first entered the legal cannabis industry in the late 199s when he purchased 25 per cent of Prairie Plant Systems, Canada’s first licensed medical cannabis producer, which eventually became CanniMed Ther
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