Weldon Angelos, an advocate for the Cannabis Freedom Coalition, joined Kennedy to discuss his testimony at a Senate hearing on cannabis reform after he was sentenced to 55 years in prison for selling marijuana.
Tilray CEO Irwin Simon She believes that legalizing cannabis at the federal level would provide significant business opportunities in the United States.
In a recent interview with Yahoo Finance LiveSimon predicts the opportunity will be more than $100 billion.
FILE: A mature marijuana plant blooms under artificial lights before harvesting at Loving Kindness Farms in Los Angeles on May 8, 2020. (AP Photo/Richard Vogel, File/AP Images)
“If you look at cannabis today in the United States, 93% of Americans want it medical cannabis “It has been approved and about 63%, and 65% want adults to use it,” he said. “Today it is legal in about 33 states, as well as the capital. So, there is … that the majority of people want cannabis [to be available] Legally.”
OKLAHOMA MARIJUANA INDUSTRY HAS HIGH EXPECTATIONS TO BECOME A “WILD WEST WEST”
Simon stressed that opportunities could be expanded to include cannabis-adjacent products such as Food, personal care items and beverages.
“What will happen once the US is legalized, and big companies like Diageo, Brown-Forman and ABI, I even think Nestle’s and Unilever’s will want to go into the cannabis business because they know Gen-Z, millennials, that’s often what Simon said.
Simon’s comments come after Senate leaders led by Majority Leader Chuck Schumer introduced a bill last month that would end the federal ban on marijuana, allowing states to set their own laws without fear of federal government retaliation.
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