Cannabis NB
| Company type | Crown corporation |
|---|---|
| Industry | Retail |
| Founded | October 17, 2018[1] |
| Headquarters | Canada |
Number of locations | 26 |
Key people | Lori Stickles (CEO) |
| Products | Cannabis sales and distribution |
| $5.1 million (1st quarter 2023)[2] | |
| Owner | Government of New Brunswick |
| Parent | New Brunswick Liquor Corporation |
| Website | cannabis-nb |
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
[edit]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
[edit]- ^ 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
[edit]- Official website of NB Cannabis