Christian Hageseth, the founder and chairman of American Cannabis Partners, suggests that it is “probably the most exciting segment of the marijuana industry” and that “we have yet to identify who will be the Apple computers or McDonald’s hamburger or the Coca-Cola of edibles.” (Bloomberg, Jennifer Kaplan – “Edible Weed May Be Half of the $5.4 Billion Pot Business”
https://www.bloomberg.com/news). Perhaps Canada will lead the way this time.
It is fair to say the edibles market for marijuana infused products is growing and potential for profitability is supported by rising sales, market share gains, a growing global market, and profit margins that are on the rise, and with Canadian policy on legalization set to take form in the upcoming months, Canadians may be waking up to a different kind of Sunday brunch very soon.
Spiro Sertsis, CPA, CMA
The article is for discussion and illustrative purposes only and not an investment recommendation or signal for any company, sector, or industry. Investors are solely responsible for their own investment decisions. The information and materials are provided as a general source of information. While every measure has been taken to ensure the accuracy of the material, we do not guarantee the accuracy or completeness of the material. It is not intended as investment, financial, legal, accounting, tax or other advice. The dynamics are changing frequently. Any information or materials which are provided or maintained by a third party such as linked sites and references which may be accessed but are provided “as is”. We will not be responsible in any manner for direct, indirect or special damages, howsoever caused, arising out of the use of this information.
129