The City of Vancouver has received an application to open a cannabis store near the Oak-VGH Station of the Broadway Subway.

The proposed location is at a ground-floor unit of a strip mall at 950 West Broadway between Laurel and Oak streets.

That places the prospective cannabis shop just steps away from the future subway station at the southwest corner of West Broadway and Laurel Street.

As part of its application, Team Cannabis submitted an operational letter that contains, among others, a market analysis.

The analysis referenced the Broadway Plan that city council approved on June 22, 2022.

The 30-year plan integrates housing, jobs and amenities with the subway currently under development.

Team Cannabis noted that the census population for the Broadway Plan area was 78,065 in 2016.

The proposed shop will be in the neighbourhood of Fairview, which the company said is home to 33,620 people.

In addition, there is a “large number of potential customers who work in the surrounding community at the many other businesses that operate along Broadway and facilities such as VGH”.

“These are our existing core customers,” Team Cannabis wrote.

The proponent also noted the anticipated “addition of many high-occupancy residential units to the area via the Broadway Corridor Plan will produce a dramatic surge in the number of new residents to the area in the coming future”.

“Furthermore, our close proximity to the new Oak-VGH Skytrain station will provide an unparalleled ease of access for additional clientele,” Team Cannabis stated.

The proponent added, “These are our prospective clientele.”

Team Cannabis plans to open seven days a week at 950 West Broadway.

In its letter, the proponent also indicated that it is working to open stores in New Westminster and Maple Ridge.

City hall will accept comments from the public about the proposed cannabis store until August 24, 2022.