Ever since the launch of adult-use cannabis sales in New Brunswick, the industry has been operated by a government monopoly. For the past year, a Crown corporation has served as the sole legal cannabis industry entity in New Brunswick.
Canadian Crown corporations are government-owned entities and are specifically owned by the Sovereign of Canada. In New Brunswick, lawmakers and regulators felt that giving a monopoly to one entity to oversee the province’s cannabis industry was a good idea. Time has proven that to not be the case.
The industry will now transition to a private company that will have a monopoly. Will the continued-monopoly model be good news or bad news for the cannabis technology sector in New Brunswick? Read about it in our recent article on Cannabis & Tech Today.