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Posted On: 10/17/2018 5:12:08 PM
Post# of 75357
I took this from a Cannabois company ceo said :
Today, the world has its eyes on Canada, where full legalization of adult marijuana use is set to take effect on Oct. 17. While the windfall will likely be massive for producers , there is the longer-term global opportunity.
Cannabis could disrupt some $500 billion worth of global markets, calling that a more "accurate" estimate than "conservative, cautious" predictions of a $200 billion disruption.
"We disrupt alcohol potentially, cigarettes potentially, in terms of smoking cessation," he told Cramer. "We really disrupt pharmaceutical, because whether or not you're geriatric care, you're dealing with arthritic conditions, you're someone who can't sleep, you're going through an oncology treatment, I think you're going to find cannabinoid therapies really hit there."
"And so you add all that together, plus the existing $200 billion illicit market, that pretty quickly gets you up around $500 billion," Linton continued. "It sounds like a 'How could it be?' but just do a bit of the back-of-the-envelope math. It's not crazy."
The EU, the U.K. They know about Oct. 17 intimately and they're trying to figure out, 'Hm, if we're a government or businesses, how do we quit ignoring cannabis and govern it, regulate it, tax it and turn it into something that might be medicinal and for sure a much better formatted product for a party?'" he said.
Today, the world has its eyes on Canada, where full legalization of adult marijuana use is set to take effect on Oct. 17. While the windfall will likely be massive for producers , there is the longer-term global opportunity.
Cannabis could disrupt some $500 billion worth of global markets, calling that a more "accurate" estimate than "conservative, cautious" predictions of a $200 billion disruption.
"We disrupt alcohol potentially, cigarettes potentially, in terms of smoking cessation," he told Cramer. "We really disrupt pharmaceutical, because whether or not you're geriatric care, you're dealing with arthritic conditions, you're someone who can't sleep, you're going through an oncology treatment, I think you're going to find cannabinoid therapies really hit there."
"And so you add all that together, plus the existing $200 billion illicit market, that pretty quickly gets you up around $500 billion," Linton continued. "It sounds like a 'How could it be?' but just do a bit of the back-of-the-envelope math. It's not crazy."
The EU, the U.K. They know about Oct. 17 intimately and they're trying to figure out, 'Hm, if we're a government or businesses, how do we quit ignoring cannabis and govern it, regulate it, tax it and turn it into something that might be medicinal and for sure a much better formatted product for a party?'" he said.
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