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Canopy Growth CEO: Here's What the Future of Cannabis Looks Like for Investors

Constellation Brands COO and Canopy Growth's CEO sit down for a conversation with Jim Cramer about the future of cannabis.

Prohibition official ends in Canada on Oct. 17, 2018. That's when Canada becomes the second country to legalize recreational marijuana. 

What does that mean for cannabis stocks? Well, it's already been a wild ride.  Tilray (TLRY) - Get Tilray, Inc. Report has been on a rollercoaster ride since Sept. 

Meantime, top executives at hot cannabis company Canopy Growth Corp. (CGC) - Get Canopy Growth Corporation Report and its blue-chip partner Constellation Brands (STZ) - Get Constellation Brands, Inc. Class A Report say legal-weed products will eventually be at least a $200 billion segment -- and could even disrupt $500 billion of businesses across multiple sectors.

Constellation, which owns alcoholic-drink brands like Corona beer and Robert Mondavi wines, recently paid $4 billion to boost its stake in Canopy Growth to 38%. The company also purchased warrants giving it the option to increase that to a majority stake in the future.

Constellation Chief Operating Officer Bill Newlands and Canopy Growth CEO Bruce Linton sat down for an exclusive interview with TheStreet's founder and Action Alerts Portfolio manager Jim Cramer.

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Among the topics:

  • Looking to the Future. Constellation Brands COO says the company realized that cannabis was going to be a potential player in that whole space. They looked carefully at all the players and decided that if they were going to play, They should be playing with the best.

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