A dozen of Canada’s largest marijuana producers have come together to form the Canadian Cannabis Co-op and are offering to bankroll a “turn-key” retail network in Alberta to sell adult-use products alongside private retailers and government-run outlets.
The group, which unveiled its plans in a news release, hopes to extend the initiative to other provinces.
The group said it would create more than 500 “near-term” jobs and provide over 30 million Canadian dollars ($24 million) in annual wages.
Alberta released its regulatory framework Wednesday, leaving open the door to private retailers. The province is weighing two retail options:
- A government-run monopoly, which would involve significant up-front costs for taxpayers.
- Licensed private outlets, which would be separate from alcohol stores.
In their news release, the businesses said their co-op model requires no taxpayer dollars, generates a revenue stream for government above direct taxation, and can be put in place by next July 1.
The Canadian Cannabis Co-op includes ABCann, Aphria, Bonify, CannTrust, Cronos Group, Emblem, Emerald, Hydropothecary, MedReleaf, Newstrike (Parent Company of Up Cannabis), Organigram and Tilray.
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