EDMONTON —
The government of Alberta has removed a cap on how many cannabis stores can be owned by the same person or company.
Since the legalization of marijuana two years ago, a single company or person could only own up to 15 per cent of the cannabis stores operating in Alberta.
Recently cannabis retailers were sent a letter from Alberta Gaming, Liquor and Cannabis (AGLC) informing them of the change.
“With the establishment of the cannabis industry, this limit is no longer required,” the letter stated.
“Removing the ownership cap is aimed at creating new opportunities for businesses in Alberta, and it aligns with the Alberta government’s commitment to modernizing policies and reducing red tape.”
This brings the cannabis industry in line with Alberta’s private retail liquor industry, which has no cap, according to the AGLC.
One of the owners of the Daily Blaze in Stony Plain supported the AGLC’s decision.
“It means increased…