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New Brunswick has liberal leadership. Brian Gallant, the 34-year-old Premier, looks to green gold to save the economy. As of March 24, 2017, the province will use marijuana as one of the pillars of its economic strategy. It is giving producers financial incentives. It has also developed a community college program for cannabis technicians, and completely supports the cannabis industry.
Tidal Health Solutions
Tidal Health Solutions, an agency committed to providing high-quality medical marijuana, is constructing a marijuana production facility in St. Stephens, near the Canada-U.S. border. This is partially due to the overwhelming support from New Brunswick. Tidal Health is the third marijuana production company located in the province.
A 2016 Deloitte report released, suggested recreational marijuana could be worth about $22.6 billion to the Canadian economy. According to the Premier Brian Gallant, “The amount of economic growth that we will see throughout the country is significant, and New Brunswick is poised to get a significant percentage of that if we act smartly and we act appropriately.” Gallant’s government announced it has made weed part of its economic strategy. It plans to build a ‘best-in-class’ hub of infrastructure and research clusters to attract new investment in marijuana.
New Brunswick Government
The New Brunswick government has given a $4-million loan to Zenabis, an expansive medical marijuana facility. It could also provide up to $1 million in payroll rebates to Organigram, another facility that grows medical marijuana. Tidal Health is in talks for similar assistance from New Brunswick.
Francine Landry, the minister for Opportunities New Brunswick, said the province’s plan — along with its proximity to Quebec, Prince Edward Island and Nova Scotia, and shipping access to central Canada and the United States — gives it a distinct competitive advantage. “This strategic location, in conjunction with the burgeoning technology and innovation sectors, can help position the province for success in the cultivation, distribution and management of this new market.”
The Atlantic Provinces Economic Council estimates annual provincial revenue for the government from marijuana sales could be as much as $78 million. Cannabis is viewed as adding future GDP growth and job growth to the province and the country.
To learn more about starting a Cannabis business in New Brunswick, or beginning a cannabis career, enroll at the leading Canadian cannabis college.
Fred Hernandez is a highly accomplished and versatile writer, boasting an extensive background in the cannabis industry. With an in-depth understanding of various sectors including cultivators, processors, retailers, and brands, Fred's expertise spans across the entire cannabis landscape. As a prominent contributor to CTU, he consistently delivers insightful articles exploring the latest developments, news, and regulations shaping the cannabis industry. Whether it's delving into the intricacies of cannabis products, cannabis strain reviews, or providing comprehensive analyses of cannabis laws, or sharing expert insights on cannabis cultivation techniques, Fred's wealth of knowledge positions him as an invaluable writer and educator for all cannabis-related subjects.