NEW BRUNSWICK TO PRIVATIZE CANNABIS NB: FOR ONE BUYER

New Brunswick finance minister Ernie Steeves announced after serious losses by Crown REC corporation Cannabis NB, the government is now looking for private operators to bid to take over selling and distributing REC throughout New Brunswick. Bids will be open until January 10.
CBC New Brunswick, MJ Biz Daily

  • Steeves said the private sector would find a way to make Cannabis NB profitable. He added, “I’m convinced Health Canada did not want it to succeed.”
  • The Conservative government does not want to break the Cannabis NB monopoly up and sell each of the provincial stores to a different operator. Instead, they’re looking for a single operator to take over the whole organization.
    Financial Post

Quick Hits

  1. Sad to see the Winnipeg Free Press retiring their reliable cannabis news offshoot the Leaf News after a busy two years. Ace reporter Sol Israel will continue reporting on cannabis for the Free Press, but I’ll miss the focus the Leaf brought to the industry. Thanks for the good work, Leaf!
    The Leaf News