But prospects have brightened over the past year or so, with Cannabis NB surging from red to black. Kris Austin, leader of New Brunswick’s People’s Alliance, also agrees with the decision to not sell cannabis retail rights to one private company. Indeed, Cannabis NB got off to a rocky start with retail sales. Will Cannabis NB be sold soon? The idea had been to attract a single private operator to assume cannabis retail rights currently held by Cannabis NB. Up for sale was not Cannabis NB, but, rather, the rights to operate recreational cannabis retail, wholesale/distribution and e-commerce in the province on an exclusive basis over a period of 10 years, with two five-year renewal periods.
The New Brunswick government has opted to pull back away from its search for a private company to take over the province’s cannabis retail, with the move attracting mostly support, but also a call to reset the current approach.
On Friday, the provincial government announced it had discontinued its request for proposal (RFP) process — which kicked off in the late fall of 2019 and was rumoured to be down to one serious suitor — for privatizing recreational cannabis retail in New Brunswick.
The idea had been to attract a single private operator to assume cannabis retail rights currently held by Cannabis NB. Up for sale was not Cannabis NB,...
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