As the Canadian cannabis industry struggles to provide enough supply to meet exuberant demand since recreational use became legal, private retailers are faced with their own challenge: how to stay in business.
Many store owners in Alberta, Manitoba and Newfoundland have closed their doors as they await marijuana shipments, while others are considering different courses of action.
Provincial regulators, meanwhile, have taken their own measures to find equilibrium.
“We were proactive from the get-go,” said Ryan Kaye, vice president of operations at Four20 Premium Market in Calgary. “We built bigger stores. We have larger cannabis vault rooms,” which means the company has more room to store more cannabis.
But not everyone is in the same boat.
On a rainy Friday in early November, about one-third of Alberta’s cannabis stores were closed or reporting supply shortages.
The problem is so overt that the Alberta regulatory agency has ceased licensing privately owned stores until the supply issue is resolved, which it says might be up to 18 months.
At Numo Cannabis in Edmonton, owner Daniel Nguyen feels bad when he …