NB Cannabis
TypeCrown corporation
IndustryRetail
FoundedOctober 17, 2018 (2018-10-17)[1]
Headquarters
Canada
Number of locations
26
Key people
Lori Stickles (CEO)
ProductsCannabis sales and distribution
$5.1 million (1st quarter 2023)[2]
ParentNew Brunswick Liquor Corporation
Websitecannabis-nb.com

Cannabis NB (CNB) is a crown corporation retail chain that distributing cannabis products in the Canadian province of New Brunswick.[3][4] It is operated by 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

  1. ↑ Cromwell, Andrew (October 17, 2018). "Cannabis NB officials pleased with opening day sales - New Brunswick | Globalnews.ca". Global News. Retrieved 28 August 2023.
  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.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.