AGLC to issue 10 more cannabis retail licenses
Posted Jan 25, 2019 06:33:42 PM.
Last Updated Jan 26, 2019 01:13:29 PM.
This article is more than 5 years old.
CALGARY (660 NEWS) — Thanks to a modest boost in supply recently, the province is ready to start issuing more cannabis retail licenses.
Late in 2018, only months after the legalization of cannabis, the Alberta Gaming, Liquor and Cannabis Commission (AGLC) had to suspend the issuing of new licenses due to a severe lack of supply which left some stores with very little product to sell.
Now that there is some more consistent supply, the AGLC will issue ten more retail licenses to raise the amount of stores in Alberta to 75.
The first ten applicants that had all the proper licensing conditions in place prior to the suspension will be receiving the licenses, and other hopeful businesses will be able to queue up as well once the supply evens out further.
However, there will still be no new licenses after the initial ten until supply can be guaranteed.
To help with that, the AGLC is in discussions with 12 other licensed cannabis producers in Canada to secure more product.