April 20, 2018 4:11 pm
Updated: April 20, 2018 10:30 pm

452 applications received so far for Alberta cannabis retail stores

This year's 4/20 celebration is expected to be the last one before recreational marijuana becomes legal. Kim Smith has more from the legislature.

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The Alberta Gaming and Liquor Commission (AGLC) has received 452 applications so far for retail cannabis stores across the province. That’s a jump of 365 since the end of March.

Pending applications are posted online for 21 days to allow the public to file objections.

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Since March 6, about 190 pending applications have been posted. The other 250 applications have either been rejected or are still going through the approval process.

READ MORE: Sask. receives more than 1,500 applications for cannabis retail stores

The AGLC started accepting applications on March 6 for Albertans interested in selling cannabis when it is legalized later this year.

On March 28, the AGLC had received 87 applications.

READ MORE: Doobie dos and dont’s: Alberta outlines rules for retail marijuana sales

There is no cap on the total number of retail licences, but no one person can hold more than 15 per cent of retail cannabis licenses in the province.

The approval process includes background checks, an interview and a financial analysis. Municipal approval is also required.

READ MORE: How to sell your black-market pot experience in the new world of legalization

A non-refundable fee of $400 is required, along with a $700 annual licensing fee and a $3,000 due diligence deposit.

© 2018 Global News, a division of Corus Entertainment Inc.

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