Cannabis consuming Albertans, along with all cannabis consuming Canadians, are counting down the days to when cannabis becomes legal nationwide on October 17th, 2018.
It has been a long time coming since Alberta’s Bill 26: An Act to Control and Regulate Cannabis was passed on November 30th, 2017, which gave the Alberta Gaming and Liquor Commission, or “AGLC”, the authority for oversight, compliance and retail licensing, while enabling online sales. Bill 26 also created restrictions on youth possession and public consumption.
Then, came the Gaming and Liquor Statutes Amendment Act, which was introduced on April 9th, 2018 and passed on May 30th, 2018. This provided the Alberta Gaming and Liquor Commission, or “AGLC”, the tools necessary to oversee and enforce Alberta’s cannabis market.
Now, with less than 60 days until October 17th, Albertans can finally get a sneak peak at one of Alberta’s first retail cannabis shops.
Investing in Alberta’s Upcoming Cannabis Boom
While the dispensary featured, NewLeaf Cannabis, is an Alberta-owned company, there are other ways for interested investors to gain exposure to the cannabis boom set to take place in the province.
With 11 different licensed producers having already signed major cannabis supply contracts with the Alberta Gaming, Liquor & Cannabis Commission, that’s a handful of different ways to play the opportunity.
That being said, it would come as no surprise if we saw NewLeaf find its way onto the public markets once sales kick off this fall.
NewLeaf’s Impressive Retail Cannabis Expansion Plan
The company currently has four fully built-out concept retail stores across Calgary, designed to train staff, engage the community and host media in advance of legalization in mid-October.
NewLeaf’s CAO Angus Taylor, believes their approach to cannabis will attract the mainstream by capturing the ideal balance between shopping convenience and legal compliance.
“Our company is focused on earning the trust of the communities we serve, and that includes a level of proactive preparation, education and transparency that will help those who are uncomfortable with change, alleviate their concerns early.” – NewLeaf Chief Administrative Officer Angus Taylor
As one of the first companies to apply for their cannabis retail licenses, and as a group that has been invested in the process of understanding the details and challenges surrounding legislation and legalization since the beginning, NewLeaf Cannabis’ success to-date is a result of due-diligence and unmatched follow-through.
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