Saskatchewan has finally unveiled their plans for marijuana regulations in the province.

The Saskatchewan Liquor and Gaming Authority (SLGA) announced Monday it will issue around 60 cannabis retail permits to private operators in as many as 40 Saskatchewan municipalities and First Nation communities.

“The federal government has established very aggressive timelines for the legalization of cannabis,” the Minister Responsible for SLGA Gene Makowsky said.

“Our government is being diligent to ensure the sale and regulation of cannabis in Saskatchewan strikes a balance between public safety and access for consumers. It’s also important to our government that the 40 municipalities and First Nations selected for retail locations have the opportunity to decide whether they want cannabis retail stores in their community.”

READ MORE: Municipalities, police still awaiting Sask. marijuana legislation

The initial allocation of retail store permits will be in municipalities and First Nations with populations of at least 2,500, with larger communities being allocated additional permits.

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Eligible First Nations and municipalities will have the option to opt out of having a retail cannabis store in their community if they choose. The final number of retail permits will depend on the number of community leaders that decide to opt out.

Both wholesaling and retailing of cannabis will be conducted by the private sector and regulated by SLGA. Cannabis retailers will be required to establish a standalone storefront operation, with the option to operate an online store.

Stores will also be limited to selling cannabis, cannabis accessories and ancillary items. Stores must also have the ability to track and report cannabis inventory to help ensure consumers only have access to safe, legal product from regulated wholesalers.

An independent third party will be engaged to assist SLGA with selecting retail operators using a two-phase process. The first phase will be initial screening for financial capacity and the ability for proponents to track and report inventory.

READ MORE: Sask. government launches survey on recreational marijuana regulations

Phase two will be a random selection (lottery) for qualified applicants. Successful proponents will be required to meet “good character” criteria as part of the permitting process.

Additional details regarding application criteria, permit licensing fees, application timelines and other associated details will be finalized over the next few weeks.

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A decision on the minimum age for buying cannabis in the province will be made later this spring.

Below is a list of how many stores municipalities and First Nation communities are allowed: