2 Society of Trust and Estate Practitioners. 3 Mittal v The Queen, 2012 TCC 417.
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Alberta opened its application process for private cannabis retailers on March 6, 2018. While Alberta’s municipalities begin drafting by-laws to prepare for legalization, applications have already begun to roll in. Municipal approval is required before the AGLC will issue a retail cannabis store license. Unlike the other Provinces so far, there is no hard deadline that has been set by the Alberta Government for applications to be submitted, and there is no cap to the number of applications that one entity can submit. Alberta has mandated, however, that no person or entity can hold more than 15 percent of retail cannabis licenses in the province.
British Columbia opened its application process for private cannabis retailers on March 6, 2018. While Alberta’s municipalities begin drafting by-laws to prepare for legalization, applications have already begun to roll in. Municipal approval is required before the AGLC will issue a retail cannabis store license. Unlike the other Provinces so far, there is no hard deadline that has been set by the Alberta Government for applications to be submitted, and there is no cap to the number of applications that one entity can submit. Alberta has mandated, however, that no person or entity can hold more than 15 percent of retail cannabis licenses in the province.
So, as many in the industry have been diligently working to respond to various RFPs, how successful one entity could be if successful across all of the private retail provinces? What may the market look like if certain entities hold licenses in each province.