During the Lift Co. Cannabis Expo, Peter Aceto, CEO of CannTrust Holdings, shared his expectations for the edibles market in Canada.
Edibles sales in the Canadian market will not start until 2020, at least according to an executive at a marijuana-producing company.
During the Lift Co. (TSXV:LIFT,OTCQB:LFCOF) Cannabis Business Conference (LCBC), the Investing News Network had the chance to catch up with Peter Aceto, CEO of CannTrust Holdings (NYSE:CTST,TSX:TRST), to talk about the company’s path and the upcoming edibles market in Canada.
Aceto explained that the current barrier to entry for many consumers looking into cannabis products is the smokeable aspect of the current legal offerings in Canada.
“My guess is probably the first Canadian will not purchase their first edible product legally in 2019,” Aceto said.
Aceto participated in a panel