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Why Jim Cramer Believes Canopy Could Be the Next Amazon

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Jim Cramer thinks that Canopy Growth (CGC) - Get Canopy Growth Corporation Report could be the next Amazon (AMZN) - Get, Inc. Report .

"I think that Canopy could be the next Amazon because they've got the capital and they've got Constellation [Brands] beer (STZ) - Get Constellation Brands, Inc. Class A Report taking care of the liquids and they're doing the medical. I would like to see a big medical investment, but that hasn't happened yet," said Cramer. 

Cramer's thoughts on Canopy came after Real Money Stock of the Day, Tilray, reported earnings Tuesday night. 

Cramer described the metric that he uses when looking at a cannabis earnings report

he said, "the metric that I watch is twofold."

"One is medical. I'm looking for drug trials," he explained. On the other hand, for recreational, Cramer said that he watches the volume.

"I'm looking for the volume of candy gummies, and drink," he explained. "And, just in general, what are the other ways that are monetizable."

Consumer products, or CPG, is also important in Cramer's eyes.

Related. Chart of the Day: Vetting the Value of Cannabis Companies

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