Opportunities NB, a provincial economic development corporation, expects the cannabis industry will bring more than 2,000 jobs to the province by 2021. The New Brunswick Health Research Foundation, an independent organization, and Tetra Bio-Pharma will each invest CA$500,000 over five years for a health research chair in cannabis at the University of New Brunswick. Canada House (Canadian Securities Exchange: CHV), which – through its wholly owned subsidiary Abba Medix Corp – has applied to Health Canada for a cultivation license. Health Canada doesn’t reveal how many of the country’s 167,754 registered MMJ patients reside in New Brunswick. Also, the Health Foundation and Shoppers Drug Mart will each invest CA$500,000 over five years for a health research chair in cannabis at St.
(This is the first in a series that will look at the marijuana markets in each of Canada’s provinces and territories over the next few months.)
By Matt Lamers
The prospect of a thriving cannabis industry has New Brunswick entrepreneurs seeing green ahead of next year’s nationwide rollout of adult-use marijuana.
The Atlantic province – Canada’s third-smallest by population – has made marijuana a pillar of its economic strategy.
Government and industry officials hope to grab an oversized share of the country’s projected 6 billion Canadian dollar ($4.8 billion) annual medical and...
Read the full article @ Marijuana Business Daily