Bad news for those looking to set up retail cannabis operations.
The AGLC and the Province are suspending accepting any new applications and won't be issuing any new licenses until further notice.
It's all because of the national supply shortage of Cannabis.
The AGLC says when cannabis became legal in October they'd ordered enough supply to support up to 250 retail stores for six months.
However, as of Saturday, November 17, they'd only received 20 per cent of what they had ordered.
They say they are seeing their supply run out.
In the meantime they say they'll continue to distribute what they have to existing retailers and maintain some online stock to supply people in communities without access to retail locations.
Here's the release from the Province:
Statement from AGLC President and CEO: Status of Alberta's recreational cannabis supply
November 21, 2018
“Since October 17, 2018, cannabis supply levels have remained a concern for licence applicants, retailers and consumers alike. This has been the case in Alberta and across Canada.”
“AGLC ordered enough product to support up to 250 retail stores in the first six months of legalization; however, as of November 17 we have only received approximately 20 per cent of what we had ordered. While some licensed producers have fulfilled their commitments, not all have. We continue to work with them to fill stock. Unfortunately, regardless of our efforts, we are seeing the supply of most products run out.
For the first few weeks, AGLC has taken steps to secure additional product, contacting all producers with federal licence's to sell cannabis, but with no success due to the national shortage. Licensed producers are working with Health Canada to receive their licence's and increase the amount of product available across the country.
Our priority is to ensure private Alberta retailers are supported. We will continue to allocate the majority of our scarce inventory to private retailers. We will still maintain some online product to allow consumers in communities where there are not any retail stores to purchase online.
Due to the national shortage, AGLC is temporarily suspending accepting new applications and issuing any additional cannabis retail licence's until further notice.
All applicants in various stages of the licensing process will receive a full refund of all licensing fees should they wish to withdraw from the licensing application process.
We will continue to discuss production and shipping timelines with our licensed producers and meeting with all current retailers to discuss the current situation.
On behalf of AGLC, I thank everyone for their continued patience while we work through the national shortage of legal cannabis.”
President & CEO
Alberta Gaming, Liquor and Cannabis
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