The cannabis ‘gold rush’ is underway and shows no sign of stopping, says pot CEO
Cannabis is an opportunity for monstrous tax revenue
Thursday, April 18, 2019
With 33 states now offering some form of legal medical or recreational marijuana, and pot companies expanding their footprints across the country, the cannabis “gold rush” is underway — and it won’t stop anytime soon, says Ben Kovler, founder, chairman and CEO of Green Thumb Industries. “The opportunity in cannabis is here in the U.S.,” Kovler said adding that “the phone rings a lot” as companies in diverse sectors start to field opportunities in the space. “This is where the market is,” he said. “This is a $50 [billion] to $80 billion industry where total market capitalization is still under $15 billion. So it’s a really exciting time, and you can see that the U.S. is where the operators want to be.” (See also: Cannabis CEOs bet on US pot legalisation within a year | Canopy Growth CEO expects to hit $1B in revenue for fiscal year 2020)
