The market for cannabis is already valued at nearly $200 billion. Bruce Linton, CEO of Canopy Growth Corp. (CGC) thinks that estimate might be too conservative.
In his view, the cannabis market is still just scratching the surface of the drastic disruption it could bring across numerous industries. Linton sat down with TheStreet’s founder, Jim Cramer, to outline the opportunities at Thursday’s Deal Economy Conference. The discussion is bringing cannabis to the forefront of Wall Street, a place it could increasingly occupy in years to come.
With the growth yet to be realized in the sector, the company’s deal with beverage giant Constellation Brands Inc. (STZ) could be the first of many in the industry.
Ousting Opioid Manufacturers
Linton began his outline of the disruptive potential of cannabis with some medical applications for cannabis, a large and higher margin market for the marijuana industry to intrude on.
“Late 2019 is the time when