In ‘historic’ deal, New Brunswick to buy CA$100 million of cannabis

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New Brunswick entered into separate agreements with two of Canada’s largest licensed producers to buy 9,000 kilograms of cannabis per year worth 100 million Canadian dollars ($82 million) to meet demand for its recreational market when adult-use marijuana is legalized next summer.

The groundbreaking deals could be a harbinger of things to come for Canadian provinces choosing a monopoly model to retail recreational cannabis in their legalized markets.

Organigram, based in New Brunswick, said in a news release it will supply at least 5,000 kilograms of cannabis per year. The cannabis is estimated to have

In ‘historic’ deal, New Brunswick to buy CA$100 million of cannabis is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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