Cannabis NL
| Company type | Crown corporation |
|---|---|
| Industry | Retail |
| Founded | October 17, 2018[1] |
| Headquarters | Canada |
Number of locations | 26 |
Key people |
|
| Products | Cannabis sales and distribution |
| Revenue | $22,900,000 |
| Owner | Government of Newfoundland and Labrador |
| Website | shopcannabisnl |
Cannabis NL is a Crown corporation responsible for supply to retail sales of cannabis products in the Canadian province of Newfoundland and Labrador. It is incorporated as a subsidiary of the Newfoundland and Labrador Liquor Corporation.[2]
History
In 2017, the New government announced the establishment of 24 cannabis distributor locations, but only 22 were established.[3] Of the 24 originally announced, 10 were to be operated by Dominion, a division of Loblaw.[4] All are operated privately but supplied by Cannabis NL.
Cannabis NL was established in 2018, following the introduction of the Cannabis Act, legalizing cannabis use across Canada.[5] Cannabis NL oversees the distribution of cannabis to private stores who then sell it.[6]
Cannabis NL optioned two expiring licenses to Atlantic Cultivation and a competitor, Tweed, was forced to shut down two stores.[7]
References
- ^ Tobin, Stephanie (2018-10-17). "First legal weed sold in Canada at Newfoundland shops". CBC News. Archived from the original on 2025-03-11. Retrieved 28 August 2023.
- ^ "All your questions about legal recreational cannabis in N.L. answered". CBC News. 2018-10-15. Archived from the original on 2018-10-20. Retrieved 2025-03-20.
- ^ "Cannabis retail locations 'missed opportunity' for small-business owners, says CFIB". CBC News. 2018-05-07. Archived from the original on 2018-07-29. Retrieved 2025-03-20.
- ^ "Loblaw eyes recreational marijuana market in Newfoundland and Labrador". The Globe and Mail. 2018-05-07. Archived from the original on 2018-05-08. Retrieved 2025-03-20.
- ^ "Legal weed can go on sale at 12:01 a.m. on Oct. 17, says premier". CBC News. 2018-10-12. Archived from the original on 2018-10-18. Retrieved 2025-03-20.
- ^ "Newfoundland and Labrador to sell marijuana through private stores". 2017-11-23. Archived from the original on 2017-11-24. Retrieved 2025-03-20.
- ^ "Tweed is closing 2 of its N.L. stores. Here's what's happening behind the scenes". CBC News. 2021-09-29. Archived from the original on 2021-09-29. Retrieved 2025-03-20.
External links
- Official website of NB Cannabis