113 New Jobs Coming to Moncton in Medical Marijuana Field
MONCTON – 113 new jobs are coming to the hub city as a local company is expanding to meet the needs of the quickly growing medical marijuana industry.
The announcement was made today by Premier Brian Gallant.
Moncton-based OrganiGram is one of only 30 producers licensed by Health Canada. They specialize in the production of medical marijuana under license from Health Canada.
“Our industry has the potential to be a once in a generation opportunity for growth and economic development as we move towards a recreational marketplace,” said Denis Arsenault, CEO of OrganiGram. “We are from New Brunswick and we are excited to invest at home where the advantages of a well-educated workforce, low-power rates and a competitive cost of living make New Brunswick and Moncton a logical place for our future.”
Opportunities NB will provide a payroll rebate of up to $8,761 for each position created and maintained, with a total value not to exceed $990,000.
The incremental annual payroll for 113 positions will be $5.1 million at full ramp-up and is expected to increase the GDP by $9 million per year.