O Canada! O Cannabis!
Canada ends what Tilray CEO Brendan Kennedy calls “a 95-year experiment of prohibition”
Photographer: Ian Willms/Getty Images
On What'd You Miss this Week, Scarlet Fu, Joe Weisenthal, Caroline Hyde, and Romaine Bostick spoke with Tilray CEO Brendan Kennedy. The top executive of the world's largest cannabis company discussed Canada's marijuana milestone - becoming the first G-7 country to legalize marijuana nationwide - and his own company's recent growth. Kennedy described it as the "end of a 95-year experiment of prohibition" and said Canadians should be proud of the change. Kennedy also predicted as many as five other countries could follow suit and legalize cannabis over the next couple of years.
Vivien Azer, Senior Research Analyst at Cowen and Company, came on to dive into the technical side of the cannabis industry - discussing pot stock valuations, volatility and opportunities within the space. Azer explained why the market will keep seeing more investments from traditional consumer companies into cannabis, like the $3.8 billion bet from Constellation Brands.