Article by Connell Smith, CBC News
Three years after Moncton and Fredericton made the move, Saint John is now considering a change to its zoning bylaw to permit medical marijuana production.
And while the city has been slow getting into the game, an industry analyst says it may not be too late to attract industry players.
“We expect about 20 to 30 more licences to be added in the next two years,” said Jason Zandberg, special situations analyst with PI Financial in Vancouver.
“There’s still a shortfall of about 200,000 kilograms of capacity that needs to be built.”
There’s plenty of interest, however, in getting one of those licences.
Some 2,200 companies have applied for permits from Heath Canada, and 41 have been approved so far.
“So if you’re not in the game this year, you’re probably going to be a niche player,” said Zandberg.