Canopy Growth CEO Says German Cannabis Market Has ‘Ability To Grow 10x’ Following Legalization
The German government partially legalized cannabis last week, and Canopy Growth Corporation (NASDAQ:CGC) shares lit up. Canopy Growth CEO David Klein joined BNN Bloomberg on Friday to discuss what the legislation means for the company.
Growth Opportunities: Klein sees Germany’s cannabis market growing from its current value of just under $500 million to over $2.5 billion in the next two years.
“We think that the market has the ability to grow 10x over the next several years. Most of the revenue is going to come through the medical channel, which is where you will see the commercial benefit for Canopy,” Klein predicted.
Canopy released a statement …