AGLC has lifted the moratorium in Alberta on accepting new retail licence applications for cannabis stores and issuing new retail licences due to what it says is a steady increase in cannabis supply.
“Lifting the moratorium supports economic development and the success of Alberta’s budding cannabis industry,” said the government’s Crown commercial enterprise and agency that oversees the gaming, liquor and cannabis industries in Alberta.
“AGLC will continue to monitor the supply to ensure that retailers continue to receive adequate inventory. In order to ensure that Alberta’s existing and new retailers have a consistent amount of product, AGLC will be issuing five licences on a weekly basis. Should the stability of inventory take a drastic downturn, AGLC will evaluate reinstating the moratorium.”
The agency said it has contracts with 26 federally licensed producers from across the country and will work with any federally licensed producers that meet regulatory requirements.
– Mario Toneguzzi
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