Article by Stuart Peddle, The Chronicle Herald
The province has announced nine Nova Scotia Liquor Corporation sites around Nova Scotia that will sell cannabis when it becomes legal in July but it does not expect to make any money from the venture in the near future.
Nova Scotia Attorney General and Minister of Justice Mark Furey announced the locations on Tuesday.
The stores that will sell cannabis beginning in July are:
- Amherst, 126 South Albion St.;
- Dartmouth, 650 Portland St.;
- Halifax, 5540 Clyde St.;
- Halifax, 3601 Joseph Howe Dr.;
- Lower Sackville, 752 Sackville Dr.;
- New Glasgow, 610 East River Rd.;
- Sydney River, 95 Keltic Dr.;
- Truro, 6 Court St.;
- Yarmouth, 104A Starrs Rd.
At a news conference with Furey on Tuesday afternoon, NSLC president and CEO Bret Mitchell said the corporation does not see it as a profit-generating venture for at least several years.
“Ultimately, what’s going to matter is the cost of acquisition of the actual product itself,” Mitchell said.
He expects the NSLC will have to sell it for less than $10 a gram to be competitive.
Furey acknowledged the issue without saying outright whether the province will be subsidizing the product.
“We’ve said from the outset there are going to be significant costs to the provincial government to implement the legalization of recreational cannabis,” Furey said.
“Some are of the view that there’s a pot of gold at the end of the rainbow but we don’t see that. This is imposing significant costs on provincial governments to transition to this legal market.”
Households will also be permitted to grow up to four plants for their own use and the NSLC will also facilitate online orders with home delivery.
Furey said there may be a possibility of more locations in the future but the province will need to study the data from store sales over the first 12 months before making that decision.