The future of cannabis
The Province of New Brunswick recognizes that the demand for medicinal cannabis offers significant economic growth opportunities, along with potential growth for the recreational cannabis industry in the future.
Opportunities NB sees cannabis as a priority sector, and we are actively involved in enhancing the alignment between the industry’s economic and regulatory factors. Our objective is to support the success of businesses involved in the safe and competitive production, distribution, and sale of medical and recreational cannabis and cannabis-related products.
Based on averaged industry forecasts, recreational cannabis sales in New Brunswick could reach $150 million annually, with ancillary markets adding another $440 million, meaning the creation of approximately 600 jobs in 2018. We estimate 3,000 cannabis-related jobs could exist in New Brunswick by 2022.