By Canadian Press

N.B. moves toward privatization of cannabis sales following losses in first year

Nov 14, 2019 | 10:24 AM

FREDERICTON — New Brunswick has issued a request for proposals for a single private operator to take over the government’s operation, distribution and sales of recreational cannabis in the province.

Finance Minister Ernie Steeves says today that after a careful analysis, the government concluded the best approach was to turn to the private sector.

Interested proponents will have until Jan. 10, 2020 to submit proposals.

Cannabis NB, a provincial Crown corporation, lost almost $12 million in its first six months and continues to bleed red ink, although sales are on the rise.

It was announced last month that second quarter losses for the current year were $1.5 million.

New Heights

Olivia Lundman to compete in marathon distance at World Race Walking Championships

17h ago

The Hard Way

Clippers comeback to beat the Bulldogs for second straight playoff win

23h ago

significant work

Ladysmith's enhanced Forrest Field project nears completion

Apr 04, 2026

Steeves says he expects strong interest in the request for proposals.

This report by The Canadian Press was first published Nov. 14, 2019.

The Canadian Press