Interest in Saskatchewan’s recreational marijuana market is booming. The province received over 1,500 submissions for 51 licenses to sell recreational cannabis in the province when it becomes legal.
The licenses will be doled out via a lottery after an initial screening.
The number of retail sales licenses will be capped for three years.
The successful cannabis retail permittees will be announced “in the coming weeks prior to federal legalization,” according to a news release.
The Saskatchewan Liquor and Gaming Authority (SLGA) is accepting applications for wholesale marijuana permits as well.
The province’s rules will allow privately owned wholesalers to sell recreational cannabis to retailers and other wholesalers, but not the public.
Wholesale permits will be subject to a fee of 5,000 Canadian dollars ($4,000) – CA$2,000 is a nonrefundable application fee and CA$3,000 is for the annual permit.
Producers licensed with the federal government will be required to register with the SLGA to sell cannabis to Saskatchewan wholesalers or retailers.
The registration fee for those producers is CA$2,000.