Jim Cramer Dives Into Cannabis and IBM Earnings

Canada legalized recreational marijuana on Wednesday, Oct. 17.
Author:
Publish date:

We all know that Jim Cramer feels bullish on the cannabis sector, but do we know why?

Cramer dives into the sector as a whole and takes a larger look at why he thinks it could be a multi-billion dollar industry in a couple of years.

On Saturday, Oct. 13, Cramer sat down with Canopy Growth(CGC) - Get Report CEO Bruce Linton and Constellation (STZ) - Get Report COO Bill Newlands to discuss the partnership between the companies and how the two plan to team up to produce cannabis-infused beverages. 

The kicker? There will be no alcohol in the beverages. Many people may not have known that until Cramer asked Newlands directly about it. 

The fun doesn't stop there however, Cramer also talked about IBM (IBM) - Get Report which announced earnings Tuesday night and Netflix, which also released earnings Tuesday. 

Cramer answered a question from a Twitter user about why the Action Alerts Plus portfolio isn't invested in any cannabis stocks or Constellation.

Curious about anything up Cramer's alley? Ask! Hop onto @KatherineRooss's Twitter and send her a message. Action Alerts Plus members, however, should still send their messages over to the team.