U.S. companies cannot stop talking about marijuana, hoping in part they can catc...
NEW YORK - U.S. companies cannot stop talking about marijuana, hoping in part they can catch investor interest as the booming economy around the drug lifts revenues throughout the supply chain.
That outsized growth is starting to bleed into adjacent industries ranging from energy to packaging to point-of-sale technology whose products are used in the production or sale of marijuana. As investors circle the cannabis space, supply-chain companies are showing a new willingness to associate themselves with an industry that remained largely illegal a decade ago.
But just how much revenue will come from cannabis-related sales into businesses that are further afield from the plant remains unclear. “Historically we did not focus on these markets, but now we have dedicated teams both commercially and technical to develop these markets further,” she said.The outsized investor interest in cannabis and growing recognition of cannabis as a therapeutic drug may prompt more company management teams to openly discuss how their products are used by the marijuana industry in hopes of attracting shareholders, said Brett Hundley, an analyst at Seaport Global.
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