Right here is the introduction to his piece.
A report variety of hashish shops in Canada may have closed or modified fingers in 2023, in line with new knowledge from regulators within the three largest Canadian marijuana markets.
The info paint an image of a viciously aggressive retail panorama in some components of the nation, whereas different areas look like in a gradual development part.
MJBizDaily requested regulators for knowledge on the cancellation of hashish gross sales licenses and new licenses issued in Alberta, British Columbia and Ontario, which collectively account for practically 75% of regulated marijuana gross sales in Canada.
The variety of hashish gross sales licenses canceled or not renewed in Alberta throughout 2023 exceeds the variety of new gross sales licenses issued – the primary time this has occurred within the province since Canada legalized marijuana in 2018.
In 2023, 62 hashish retailer licenses have been canceled or not renewed in Alberta; in the meantime, 48 new hashish retailer licenses have been issued.
The earlier yr, Alberta regulators issued 140 new retailer licenses in comparison with 73 licenses that have been canceled or not renewed by license holders.
The info paints a giant image of retailer closings.
The provincial authority of Alberta Gaming, Liquor and Hashish (AGLC) has prevented drawing a direct line between a retailer canceling a license and the shop exiting the business, citing a number of different prospects, together with relocation.
Alberta presently has 749 hashish suppliers, and the province is anticipated to be Canada's most mature marijuana gross sales market.
Matt Maurer, president of the Hashish Regulation Group at Torkin Manes in Toronto, mentioned it is sensible to see the variety of new retailer licenses fall in a market like Alberta, which is already nicely established.
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