Canada: New Brunswick Government Invests $4M in Medical Marijuana Production Facility
The government of New Brunswick is giving a proposed medical marijuana facility in the province a major financial boost — investing a total of $4 million into the operation.
The money comes from the Northern New Brunswick Economic Development Fund, through both Opportunities NB and the Regional Development Corporation who each invested $2 million.
The province says the medical marijuana project could create more than 200 full-time jobs in the northern New Brunswick town of Atholville by 2021.
“We understand how important job creation, education and health care are to New Brunswickers,” Premier Brian Gallant said in a release.
“With this investment we are getting things done to grow the economy and create jobs for people right here at home.”
The government says Zenabis, the medical marijuana company, is expected to inject about $15 million to the GDP each year.
“In our first phase, the total investment will be close to $14...
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