What is your outlook on the U.S. cannabis industry?
2022 or later would be my guess, after the upcoming 2020 election. It may only be Medical to start.
What’s your best estimate on the Feds legalizing cannabis?
It is currently the largest in the world with California leading the way. ArcView and other sources forecast a $22-$24 billion legal U.S. cannabis market by 2022. Compliance is 5% or more of the total forecast.
No. California is the largest market in the world. Canadian companies will continue to acquire U.S. licenses and firms, as the U.S. is the largest cannabis market in the world. The bigger players in Canada are already seeking the best U.S. opportunities for the long-term. Success in California and Canada is important.
Do you think the U.S. will be too far behind Canada to compete?
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