Cannabis NB

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]

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

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.
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