By Justine Kelsie

Cannabis supply in the “medium-term” could be a concern says AGLC CEO

Oct 15, 2018 | 1:03 PM

Recreational weed becomes legal across the country on Wednesday.

Alberta Finance Minister Joe Ceci and Alberta Gaming, Liquor and Cannabis Commission CEO Alain Maisonneuve say they are ready for day one of legalization. They both called this day a “starting point” for the process during a press conference Monday. 

Maisonneuve says, despite being ready for the short-term online and for retail stores, there could be supply concerns in the “medium-term”.

“The marketplace is going to evolve relatively quickly and we made assumptions based on our best guesses. But, as has been reported, licensed producers have expressed some concern about what their availability of product will be,” he says. 

The AGLC has made plans and assumptions after looking at other places that welcome legalization like jurisdictions in the United States. 

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“We made estimates and worked with our licensed producer partners. And, we talked to our colleagues and jurisdictions across Canada to base our estimates and demand on that. We probably won’t get it perfectly right over the medium term but we are confident that we will have enough to satisfy the supply and will work to see where the demand comes (from).”

It is anticipated that the number of licensed stores across the province will increase significantly over the next three months, according to the CEO. AGLC is also anticipating around 100 licensed stores within the next month.

The price of recreational weed products expected online are not available yet, but Maisonneuve says they will fluctuate with the market as does alcohol. 

No physical locations will open on Wednesday in the City of Grande Prairie or County. Marijuana will be available for purchase on the AGLC website for anyone 18-years-old or older in Alberta.