NLC reports cannabis sales are up by over 22 percent

    Tuesday, 4 June 2024 12:00

    By Tonya Organ

    NLC President and CEO Bruce Keating says “the NLC team is proud of the impact they are having in the province.” He says NLC is “an example to other provinces in developing a legal cannabis industry.” 

    Net earnings for the Newfoundland and Labrador Liquor Corporation are up $3.7 million for the fourth quarter, which ended on April 6th. For fiscal year 2024 alcohol and cannabis sales totalled $364.0 million compared to $349.3 million for the prior year, with cannabis sales seeing the largest increase over the prior year. NLC President and CEO Bruce Keating says “the NLC team is proud of the impact they are having in the province.” He says NLC is “an example to other provinces in developing a legal cannabis industry.”  Alcohol Beverage sales for the quarter were $62.2 million and cannabis sales totalled $22.7 million, an increase of 22.2 percent over last year’s fourth quarter. 

     

    To report an error, submit a news tip, or provide feedback, please e-mail news@bayfm.ca or call (709) 637-0183.

    More from Local News

     

     

     

    BayFM recognizes support from the following agencies:

                        

    Today's Weather

    • Corner Brook

      Heavy snow

      High: -2°C | Low: -8°C

    • Deer Lake

      Heavy snow

      High: -2°C | Low: -9°C

    Recently Played

    Podcasts

    • BayFM On-Demand

      Boarders and Bridges on Bay Fm

      Every month Jennifer Elms will speak with members of our community about diversity and multiculturalism and it's impacts on society

    • Sunday Night Geek

      Sunday Night Geek, March 30 2025

      Sunday Night Geek, March 30 2025

    • The Night Show

      The Late Night Show, Friday March 28, 2025

      The Late Night Show, Friday March 28, 2025