Cannabis NB

Cannabis NB
Company type	Crown corporation
Industry	Retail
Founded	October 17, 2018; 6 years ago
Headquarters	Canada
Number of locations	26
Key people	Lori Stickles (CEO); Luke Randall (Minister);
Products	Cannabis sales and distribution
Net income	$5.1 million (1st quarter 2023)
Owner	Government of New Brunswick
Parent	New Brunswick Liquor Corporation
Website	cannabis-nb.com

Cannabis NB (CNB) is a Crown corporation responsible for retail sales of cannabis products in the Canadian province of New Brunswick.^[3]^[4] It is incorporated as a subsidiary of the New Brunswick Liquor Corporation.^[5]

History

In 2017, the New Brunswick government announced the establishment of up to 20 cannabis distributor locations in 15 communities, all operated by NB Liquor.^[6] By December 2017, 11 of these locations were granted and were to be opened in July 2018.^[7]

Cannabis NB was established in 2018, following the introduction of the Cannabis Act, legalizing cannabis use across Canada.^[8] After initially struggling financially, Cannabis NB started profiting towards the end of 2019 and fully paid off $37 million from startup costs in February 2022.^[9]

References

^ Cromwell, Andrew (October 17, 2018). "Cannabis NB officials pleased with opening day sales - New Brunswick | Globalnews.ca". Global News. Retrieved 28 August 2023.
^ "FINANCIAL HIGHLIGHTS" (PDF). Cannabis NB. Retrieved 28 August 2023.
^ Staff, Huddle (7 September 2022). "Cannabis NB Makes Way For 10 Privately Run Stores". Huddle.Today. Retrieved 28 August 2023.
^ "Cannabis NB". Granite Centre Moncton. Retrieved 28 August 2023.
^ Government of New Brunswick, Canada (8 February 2022). "Cannabis Management Corporation". www2.gnb.ca. Retrieved 28 August 2023.
^ Poitras, Jacques (October 25, 2017). "NB Liquor to sell recreational cannabis in stand-alone pot stores". Retrieved 28 August 2023.
^ Government of New Brunswick, Canada (19 December 2017). "REVISED / Update on Cannabis NB retail locations". www2.gnb.ca. Retrieved 28 August 2023.
^ Huizinga, Raechel (August 18, 2023). "A nautical-themed weed store? Get ready for N.B.'s new cannabis era". CBC. Retrieved 28 August 2023.
^ Macdonald, Sam (22 March 2022). "After Rocky Start, Cannabis NB Is Debt-Free And Profiting". Huddle.Today. Retrieved 28 August 2023.

External links

Official website of NB Cannabis

[1] Cromwell, Andrew (October 17, 2018). "Cannabis NB officials pleased with opening day sales - New Brunswick | Globalnews.ca". Global News. Retrieved 28 August 2023.

[CannabisNBFinancialHighlights-2] "FINANCIAL HIGHLIGHTS" (PDF). Cannabis NB. Retrieved 28 August 2023.

[3] Staff, Huddle (7 September 2022). "Cannabis NB Makes Way For 10 Privately Run Stores". Huddle.Today. Retrieved 28 August 2023.

[4] "Cannabis NB". Granite Centre Moncton. Retrieved 28 August 2023.

[5] Government of New Brunswick, Canada (8 February 2022). "Cannabis Management Corporation". www2.gnb.ca. Retrieved 28 August 2023.

[6] Poitras, Jacques (October 25, 2017). "NB Liquor to sell recreational cannabis in stand-alone pot stores". Retrieved 28 August 2023.

[7] Government of New Brunswick, Canada (19 December 2017). "REVISED / Update on Cannabis NB retail locations". www2.gnb.ca. Retrieved 28 August 2023.

[8] Huizinga, Raechel (August 18, 2023). "A nautical-themed weed store? Get ready for N.B.'s new cannabis era". CBC. Retrieved 28 August 2023.

[9] Macdonald, Sam (22 March 2022). "After Rocky Start, Cannabis NB Is Debt-Free And Profiting". Huddle.Today. Retrieved 28 August 2023.

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Cannabis NB

History

References

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