Irwin Simon on Federal Legalization US cannabis legalisation will happen. I just don’t know if it’s going to be in my lifetime,
Simon
JD: Ohio just voted for recreational marijuana. What are your views on the regulatory framework for cannabis in the US?
Simon: There are 24 states within the US today where recreational cannabis is legalised. It shows you Americans want cannabis from a legalisation standpoint.
I think the big thing about Tilray is this year we’re the number one cannabis company in Canada, the number five largest craft brewer in the US today. If cannabis does not legalise, we’re still in a great position. If it does legalise, it does a lot for us: a lot we think because of our experience in growing cannabis and doing drinks. We have a big cannabis drink business in Canada. We know how to make beer in the US. We have the distribution network. If it does legalise, we can jump into it pretty quickly.
But again, it’s not our lifeline if it didn’t happen. What I will say is this: it will happen. I just don’t know if it’s going to be in my lifetime, your lifetime (JD is immortal) or Ty’s lifetime.