FREDERICTON – The provincial government has issued a request for proposals (RFP) for a single private operator to undertake the operation, distribution and sales of recreational cannabis in New Brunswick.

“This is part of our efforts to energize the private sector, get our financial house in order and maximize the benefits for taxpayers and the government,” said Finance and Treasury Board Minister Ernie Steeves. “After a careful and thorough review of the current business model for the sale of recreational cannabis and an analysis of alternative options, we came to the conclusion that the best approach for New Brunswick taxpayers and government is to turn to the private sector.”

Interested proponents will have until Jan. 10, 2020 to submit proposals. The government is seeking proponents who have demonstrated experience in the sale of recreational cannabis, the financial capacity to develop and sustain operations, and a viable plan to combat the illegal market and deliver high-quality service to consumers through price competitiveness and product diversity. The successful proponent must also submit an attractive financial offer for the sales rights for this product. Proposals will also be reviewed on their approach to building strong direct and indirect partnerships with local entrepreneurs and First Nations.

The proposals will be evaluated through an open, fair and accountable process overseen by a third-party fairness monito ...

To view the full story, you must be a subscriber. Click here for information on how to subscribe.