Marijuana Investor Roundup: Analysis of the Week’s Most Important Events (June 15th, 2019)

Legal Edibles Unlikely at Scale until 2020

Bottom Line: The rollout of edibles, vape pens and topicals will likely be just as slow as the rollout of cannabis flower last October. The main difference is these are products that make up 50% of demand in other markets and will likely cause cannabis sales to double from $1 billion to $2 billion next year as long as early supply can keep up with demand.

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CEO of Acreage Gives NY Legalization 60% Chance Next Week

Bottom Line: Recreational legalization in NY seems like a true long shot this late in the legislative session, but the Acreage CEO is very plugged into state politics. Hold your breath for next Wednesday.

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