The Government of Alberta has set a worldwide standard with a clearly established regulatory framework and private sales model that offers investors and companies a better understanding of the environment and more business certainty. Some of the world’s biggest cannabis companies are headquartered in Alberta, including Aurora and Sundial. The demand for cannabis growing facilities in Alberta is 4M square feet, the highest in Canada.
The City of Calgary has established a well-defined municipal framework for cannabis regulation, putting it ahead of many other Canadian cities.
For research and production, Calgary offers several advantages:
Canada’s premier cannabis hub
The demand for Canadian cannabis growing facilities is expected to rapidly grow as this emerging industry develops. An opportunity to diversify Calgary’s economy, The City recognizes the opportunity the cannabis industry provides for Alberta and Calgary.
The City of Calgary’s Real Estate and Development Services (RE&DS) is looking to develop Canada’s first cannabis business hub, designating part of a massive industrial park for companies up and down the cannabis supply chain. This hub would create synergies and partnership opportunities for companies clustered together on land that is already fully serviced and construction ready.
The City’s experience with Health Canada’s licensing process can help companies efficiently get the requisite permits. RE&DS offers companies an additional due diligence period to gain more certainty that licenses will be granted by Health Canada, which means a smaller financial commitment prior to federal approvals.