Cannabis NL

Last updated
Cannabis NL
Company type Crown corporation
Industry Retail
FoundedOctober 17, 2018;6 years ago (2018-10-17) [1]
Headquarters
Canada
Number of locations
26
Key people
ProductsCannabis sales and distribution
Revenue$22,900,000
Owner Government of Newfoundland and Labrador
Website shopcannabisnl.com

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]

Contents

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

  1. ↑ 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.
  2. ↑ "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.
  3. ↑ "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.
  4. ↑ "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.
  5. ↑ "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.
  6. ↑ "Newfoundland and Labrador to sell marijuana through private stores". 2017-11-23. Archived from the original on 2017-11-24. Retrieved 2025-03-20.
  7. ↑ "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.
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