The marijuana market will be a “many tens of billion dollar opportunity” in the U.S. if and when it becomes legal, Canopy Growth CEO Bruce Linton says.
He says Canopy can now “operate with a federally controlled program” and not jeopardize relations with Bank of America now that the 2018 Farm Bill legalized hemp-derived cannabidiol.
Canadian marijuana producer Canopy Growth has a chance to make billions in America if the crop becomes legal federally, CEO Bruce Linton told CNBC.
“On a global basis, you’ll see THC is an active ingredient in probably 85 – 90 percent of our total global revenues” not including the U.S., he said Thursday on “Fast Money.” If tetrahydrocannabinol (THC) is legalized in the U.S., “it’s a many tens of billion dollar opportunity and it’s going to be coming down to great products with great brands.”
Canopy wants to introduce THC products to the U.S. market that could compete with alcohol and opioids, but only …