Alberta is removing its cap on cannabis stores around the province to allow companies to take up more of the market share.
At the end of September, the provincial government amended the Gaming, Liquor and Cannabis Regulation to remove a restriction that previously prevented any one person or group from controlling more than 15 per cent of cannabis licenses issued in Alberta.
The Government of Alberta introduced the 15 per cent cap prior to cannabis’ legalization in October 2018. Heather Holmen, spokesperson for Alberta Gaming, Liquor & Cannabis, said Friday this was done to allow smaller players to enter the market.
Currently, the cannabis retailers with the biggest share of the market include Spiritleaf, Fire & Flower and Nova Cannabis. Each make up more than five per cent of the 527 cannabis providers found in Alberta, according to the AGLC’s online database.
Holmen said prior to legalization, the government committed to reviewing this 15 per cent cap within five years of…
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