Canopy Growth’s $3.4 billion tie-up with Acreage Holdings will give the joint enterprise a leg up amid marijuana legalization across America, CEO Bruce Linton told CNBC Thursday.
On Friday, the Food and Drug Administration is scheduled to hold a hearing on cannabidiol, the nonintoxicating compound found in hemp, to regulate the product that could grow into a $22 billion industry within three years.
The Canadian cannabis companies merged to share operations, brands, and intellectual property in efforts to dominate the dispensary industry in 20 states and in future markets, Linton said. He expects to see a breakthrough in the next 18 to 24 months.
“That’s just enough time to use all of our IP and brands to really get ahead,” Linton said in an interview with “Mad