Alberta joined Quebec, which last week indicated its supplies were strong, in confirming it has enough cannabis to lift the REC retail license moratorium that has been in place since November.
- BMO Capital Markets said the supply shortage was improving faster than anticipated.
Yahoo Finance - Alberta Gaming, Liquor, and Cannabis (AGLC) has approved the 115 applications that were cleared prior to the moratorium and will begin granting licenses to five of those 115 every week for the next 23 weeks if supplies remain strong. An additional 473 applications remain pending.
Globe and Mail—Paywall - Alberta already has 104 REC stores (the most in the country), compared with Ontario’s 20. That means there’s one REC retailer for every 40,565 Albertans, but only one per 755,000 Ontarians.
MJ Biz Daily - Alberta REC retailers are finally getting the high CBD oils for which the public has been clamouring.
Globe and Mail—Paywall - The office of Ontario finance minister Vic Fedeli said, ” “Ontario continues to monitor the supply situation.”
Twitter—Matt Lamers
