Cannabis licensing fee will be $20,000; second retail location approved
Prince Albert City Council officially endorsed a new cannabis licensing bylaw Monday, and gave approval to a second retail location for the city.
Council formally approved the third and final reading of Bylaw 25 relating to the sale of cannabis in the city at its regular council meeting Monday. The approval officially sets the price of business licenses for cannabis retail outlets at $20,000.
The debate over the licensing fee happened at a council meeting last month. Councillors were initially looking at a $30,000 fee, but settled on the lower rate following a lengthy discussion.
Under the new bylaw, the costs to regulate and enforce the new regulations will be reviewed after one year. The licensing fee for a cannabis production facility or wholesale operation has been set at $2,500.