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The owner of a London cannabis retail store that still isn’t open has been penalized $50,000 by the province’s pot regulator.

An Ontario numbered company behind Tweed, located at 1025 Wellington Rd. S, is one of seven store owners forfeiting an additional $25,000 to the Alcohol and Gaming Commission of Ontario (AGCO) for failing to be in business by April 30, a spokesperson for the regulator confirmed.

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Eleven owners previously had $25,000 drawn from their letters of credit submitted to the AGCO — a condition for applying to open a marijuana retail outlet — for not opening by mid-April.

Twenty-five individuals and companies were selected through a lottery system to open one of the province’s first bricks-and-mortar marijuana retail stores, but only 10 of the operators were able to meet the April 1 deadline.

Tweed is one of five outlets that still must obtain its retail store authorization from the AGCO — the second last step before the business can open — before passing a final inspection.