British Columbia Government Announces 31 Licensed Cannabis Producers Set to Supply the Recreational Market

Article by Piper Courtenay, The Georgia Straight

The B.C. Liquor Distribution Branch (LDB) has signed memorandums of understanding (MOU) with 31 federally licensed cannabis producers (LP) to supply the recreational market come fall.

In a news release today (July 11), the LDB, the sole authority charged with legal cannabis distribution in the province, says the selection will “form an extensive and competitive wholesale product assortment” that offers over 150 strains. The release says licensed retailers will be able to offer a spectrum of quality, from value to ultra-premium, at “competitive” price points.

The list, which represents just under a third of the country’s licensed producers, is the largest and most diverse spectrum of wholesale producers announced by a province since Bill C-45, the Cannabis Act, received Royal Assent in June.

The LDB says it selected LPs, which includes globally-expanding leviathans Aurora Cannabis and Canopy Growth Corp., based on those who fulfilled their request for information process and are able to supply a sufficient amount of cannabis after October 17, the official date of legalization.

“We are thrilled to be reaching this significant milestone in developing a competitive wholesale assortment for non-medical cannabis,” said Blain Lawson, LDB’s general manager and CEO, in the release.

Read the full article here.