In early 2024, attendees at adults-only festivals and trade shows in Alberta will be able to purchase cannabis goods from licensed retailers temporarily set up at the events.
The Government of Alberta announced the new regulatory measure Monday. It will come into force on Jan. 31 next year. The province says the move is aimed at combatting the illicit market.
“I am thrilled with these common-sense changes,” Raj Grover, Founder and CEO of High Tide Inc. (TSX-V: HITI) (NASDAQ: HITI), said.
Retailers will also be permitted to leave merchandise in locked display cases once their store is closed. Previously, they were required to move their assortment of cannabis goods into a storage room every night at the end of the shift.
“The improvements enable more effective inventory management, increased promotional opportunities and continued migration from the illicit market to better support the entire retail network,” Marcie Kiziak,…
