Important Changes to Due Diligence Processes

September 2024

This bulletin is to notify retail cannabis licensees and cannabis representative registrants that AGLC Due Diligence has implemented a new process effective July 2024.

New Risk Investigation Process 

  • The Due Diligence unit is responsible for conducting background checks on Cannabis Applicants to determine eligibility to hold a licence or registration in Alberta. 
  • The maximum term given to a licensee or registrant was six years, at which time the Applicant was required to undergo a full renewal investigation, including remitting a deposit. 
  • A new risk investigation process has been implemented that eliminates the requirement for a full renewal investigation every six years. 
  • Due Diligence staff will contact the authorized representative on the file to discuss current ownership, financial interest and key employees. A share register and list of key employees will be requested. 
  • A background check will be initiated only if changes are identified, at which time a deposit will also be required. 
  • Applicants, their associates and key employees are still required to notify AGLC of any changes, prior to the change taking place
  • The revised process supports AGLC’s strategic direction to continue reducing unnecessary barriers for the cannabis industry. 

If you have any questions or concerns, please contact AGLC’s Due Diligence Unit at [email protected]

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