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Posted On: 01/31/2019 7:28:28 AM
Post# of 75499
Just read in a Yahoo news post today. Cramer makes statements on CBD and MMJ use.
Cramer projects a rise in cannabidiol, or CBD. In December, President Donald Trump signed a federal farm bill that legalizes the cultivation of industrial hemp; Cramer said he sees enormous opportunity in CBD due to its suitability for medical use. Patients can have all the benefits without getting stoned, he said.
This year will see the emergence of a handful of major operators, Cramer said, naming Canopy Growth Corp (NYSE: CGC), Cronos Group Inc (NASDAQ: CRON), Tilray Inc (NASDAQ: TLRY) and Aurora Cannabis Inc (NYSE: ACB) as companies that are already separating from the rest of the pack.
By the end of the year, major marijuana brands will be household names, the CNBC host said. If lawmakers allow it, marketing activites and celebrity endorsements are next, he said.
Cramer projects a rise in cannabidiol, or CBD. In December, President Donald Trump signed a federal farm bill that legalizes the cultivation of industrial hemp; Cramer said he sees enormous opportunity in CBD due to its suitability for medical use. Patients can have all the benefits without getting stoned, he said.
This year will see the emergence of a handful of major operators, Cramer said, naming Canopy Growth Corp (NYSE: CGC), Cronos Group Inc (NASDAQ: CRON), Tilray Inc (NASDAQ: TLRY) and Aurora Cannabis Inc (NYSE: ACB) as companies that are already separating from the rest of the pack.
By the end of the year, major marijuana brands will be household names, the CNBC host said. If lawmakers allow it, marketing activites and celebrity endorsements are next, he said.
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