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Province projects retail alcohol expansion will lead to short-term losses for LCBO but also long-term gains

The government expects the alcohol market to “mature” by 2025-26, with The Beer Store’s market share slashed from 41 per cent to 15 per cent and the LCBO absorbing the majority of those sales.

Published Nov 1, 2024 at 4:42pm

Barbara Patrocinio
By
Barbara Patrocinio
Province projects retail alcohol expansion will lead to short-term losses for LCBO but also long-term gains

Ontario Finance Minister Peter Bethlenfalvy watches as Ontario Premier Doug Ford speaks to media at a press conference at the Cool Beer Brewing Company in Toronto, on Wednesday, July 10, 2024. THE CANADIAN PRESS/Cole Burston

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