Scotia cut next quarter’s revenue estimate for Canopy by 30% and like us thinks the black market will retain at least 70% of the cannabis market in 2019.
Bottom Line: Cannabis beverages are coming this winter and nanoemulsions will be a key technological component.
Bottom Line: To the surprise of many, Thailand is emerging as a cannabis legalization leader in Asia.
For reference, CBD sales are estimated to be only $1 billion in 2019 and $2 billion by 2020.
Large-scale bank lending will be extremely positive for the U.S. Cannabis industry in our view.