Cannabis Supply Slowly Improving But Not Enough to Allow More Licences: AGLC

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The Alberta regulator in charge of the legal marijuana market says supply is improving, but not enough to start issuing new cannabis licences.

Cannabis was legalized across Canada on Oct. 17, 2018. On Nov. 21, Alberta Gaming Liquor and Cannabis suspended new applications and said it wouldn’t issue any additional cannabis retail licences until further notice.

AGLC said the temporary suspension was required because it had only received 20 per cent of the product it ordered and expected from licensed producers.

On Thursday, the provincial regulator told Global News there are no notable updates to the supply shortage. While it’s slowly getting better, AGLC said it’s not enough to sustain demand and therefore the suspension on new licences remains in place.

“AGLC continues to monitor cannabis supply and is working with our licensed producers to obtain as much product as possible for the Alberta marketplace,” spokesperson Heather Holmen said. “AGLC is also working to bring on newly federally licensed producers as they are approved by Health Canada.

“The supply challenges have not entirely been overcome, but largely overcome,” said Allan Rewak, the executive director of the Cannabis Council of Canada, which represents licensed producers.

Read the full article here.

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