New Brunswick bets nascent marijuana sector will bring jobs

Kevin Coft and his medical marijuana startup are benefiting in a big way as the New Brunswick government embraces the job opportunities this budding industry could bring to the province.

On Aug. 23, the government invested $4-million in Zenabis, a company Mr. Coft launched to build a proposed medical marijuana facility in Atholville, N.B. The money comes in the form of a repayable loan, and Mr. Coft says it signals that Premier Brian Gallant’s Liberal government is serious about supporting the sector.

“It’s virtually unprecedented for a provincial government to make this kind of investment in this business,” said Mr. Coft, who hails from Vancouver and is the company’s CEO. “The New Brunswick government has done an excellent job in trying to understand this market, be proactive and look at the future.”

That future could be bright. The Canadian National Medical Marijuana Association reports there are now...

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