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] | |
Parent | New Brunswick Liquor Corporation |
Website | 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]
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]