New Brunswick Cannabis Market
Posted by rohanrj on November 5th, 2019
New Brunswick Cannabis Market
The New Brunswick cannabis industry has a government-run distribution model, with regulation through the New Brunswick Liquor and retail operations online and through 20 cannabis stores of its new subsidiary CannabisNB.
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About 117,400 or 19% (nearly one in five) of Canadians aged 15 and older reported using cannabis in New Brunswick based on the National Cannabis Survey (NCS) for fourth quarter 2018. Retail sales reached CA.6 million with CA.2 million in-store sales and CA0,000 online sales:
• Dry flower sales accounted for 87% of total sales, or CA.5 million.
• Oils and capsules represented 9% of total sales, or CA0,000.
• Accessories sales accounted for 4% of total sales, or CA0,000.
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New Brunswick says it requires at least 400 kilograms of cannabis products per week to completely fill the store shelves and keep up with customer demand.
Website: https://cannabusinessplans.ca/cannabis-retail-business-plan-canada/
