New Brunswick

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Mon
02
Mar

Who knew? Lower prices trigger higher sales at Cannabis NB

Cannabis NB launched believing low prices were not required to succeed in New Brunswick but after consumers taught it a hard lesson on that point, the Crown corporation has adopted a different approach — aggressive price discounting.

And it appears to be working.

Last week Statistics Canada reported legal cannabis sales in New Brunswick in December were $4.1 million, an 18.4 per cent improvement over November. It's the fourth straight monthly increase in sales in New Brunswick, where per capita purchases at government cannabis outlets have overtaken those in Nova Scotia.

In January Cannabis NB's Tom Tremblay credited lower prices - which the agency initially dismissed as unimportant - for much of the improvement.

Thu
20
Feb

Cannabis extract prices vary 'wildly' between provincially run stores

A CBC News analysis has revealed the price of cannabis extracts varies widely across Canada, with the same product sometimes costing two to three times more in one provincially run online store than another.

The inconsistencies, experts say, could undermine efforts to wipe out the country's illegal market. 

The analysis looked at the price of 61 cannabis capsules, sprays and oils available in Ontario's provincially run online retailer in December 2019. 

Those products were then matched with their counterparts from the online provincial retailers in British Columbia, Alberta, Quebec, Nova Scotia, New Brunswick, Prince Edward Island and Newfoundland and Labrador — provinces where the government is an official distributor and runs an online mail-order site.  

Thu
13
Feb

Improved sales at Cannabis NB may give province second thoughts on unloading operation

Cannabis NB is looking more attractive by the day.

As New Brunswick mulls eight separate private-sector applications to purchase the province’s marijuana sales and distribution business, an increase in sales by the agency might have the government reconsidering the transaction altogether.

The cannabis retailer recorded sales of $3.47 million in November, according to Statistics Canada, a 4.8 per cent increase from the previous month and 14.6 per cent better than the same month fared in 2018.

It was the only Atlantic province that experienced a month-over-month increase, with Nova Scotia and Newfoundland and Labrador experiencing a drop off, and sales remaining flat in P.E.I.

Thu
06
Feb

Canada Post asks cannabis producers to stop shipping to Campobello Island

Canada Post has asked cannabis producers to stop shipping marijuana to a small island in Eastern Canada, in order to curb a sharp increase in the number of mail trucks being stopped and searched by U.S. border officials.

Campobello Island, located off the southwestern tip of New Brunswick, is accessible year-round only by a bridge from the American state of Maine, so all mail to the community must pass briefly through the United States.

Over the last year, residents have been experiencing a rise in the number of their letters and packages being searched and seized by U.S. Customs and Border Protection authorities.

Tue
28
Jan

Cannabis NB is increasing sales faster than its Atlantic Canada neighbours? Yep.

Some things do change. In a U-turn-like turnaround, Cannabis NB is making money and increasing sales faster than its provincial neighbours.

As the retailer contemplates the best private-sector operator to take over from the province, out of a pool of heavy-hitters that include Canopy Growth and Loblaws, the company’s numbers are on the rise.

Numbers from Statistics Canada show the Crown corporation hit $3.7 million in sales during November, a 4.8 per cent increase from the previous month and a 14.6 per cent increase from November 2018.

Tue
28
Jan

Whoever takes over Cannabis NB will need to reduce prices: Consumers, experts

On a Saturday afternoon midway through January, it’s about -20 C, and one of Saint John, N.B.’s unlicensed cannabis shops has a huge lineup that almost spills out of the door. 

Wed
15
Jan

New Brunswick receives eight proposals to privatize cannabis sales

The New Brunswick government has received eight responses to a request for proposals for the operation, distribution and sales of recreational cannabis in the province.

The government issued the call for proposals in November, saying that losses incurred by Cannabis NB — the provincial cannabis corporation — persuaded the government it was time to turn to the private sector.

Finance Minister Ernie Steeves says the interest shows entrepreneurs are ready to invest in New Brunswick.

The province received two proposals each from companies or groups in New Brunswick, Ontario, and Alberta and one each from companies in Nova Scotia and British Columbia.

Wed
08
Jan

New Brunswick cannabis sales on the rise as province prepares to hand off business to private sector

It would appear to be too little, too late.

Sales of recreational cannabis in New Brunswick are surging as the provincial government pushes forward with its plans to privatize the rights to operate recreational cannabis retail, wholesale/distribution and e-commerce.

Tue
31
Dec

Canada’s winning — and mostly, losing — cannabis markets of 2019

Heading into 2020, we’re marking the first full year of cannabis legalization in Canada. And since every provincial and territorial government seems to have set up a different iteration of how the regulated weed market should operate, it makes sense that some were more successful than others – to say the least.​

Here are a few of our picks for the winning — but mostly, losing — regulated cannabis markets of 2019.

Mon
23
Dec

Cannabis NB sales head upward but continue to lag behind other provinces

The legal sale of cannabis in government run stores in New Brunswick is showing ongoing signs of improvement but continues to trail results in neighbouring provinces by a wide margin, new figures show.

Statistics Canada reports that sales in Cannabis NB outlets totalled $3.31 million in October, a 2.6 per cent improvement over September.   

More promising over the most recent three months, August, September and October, the federal agency says sales in New Brunswick were $12 million, a 28 per cent jump over the previous three months.

Sales in August were especially strong in New Brunswick, at $5.4 million, thanks in part to five weekends in the month plus a holiday Monday on Aug. 5.

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