Permanent wholesale liquor pricing will help hospitality sector recover- BC Government News!
Changes to allow restaurants, bars and tourism operators with liquor licences to purchase beer, wine and spirits at the wholesale price set by the BC Liquor Distribution Branch (LDB) are now in place permanently.
“Early in the pandemic, our government took urgent action to support B.C. restaurants and pubs by allowing them to purchase alcohol at a wholesale cost,” said Mike Farnworth, Minister of Public Safety and Solicitor General. “Now we are making this change permanent to give these businesses certainty and help them recover, and to help the estimated 190,000 British Columbians who work in this sector.”
Temporary changes to allow for wholesale pricing for the hospitality industry were implemented June 2020 and set to expire March 31, 2021. Before that, hospitality licensees – including restaurants, pubs and tourism operators with liquor licences – paid full retail price (wholesale price, plus a retail markup set by the LDB) on most liquor purchases.
These changes permanently allow licensees to pay the wholesale price for the products they purchase, which is the same cost paid by government and private liquor stores in the province when they purchase stock for retail sale. Read the whole story below.