Canada is on the forefront of a nine-figure cannabis industry that only has more room to grow, Brinks CEO Douglas Pertz said Monday.
“On a global basis I think cannabis is going to be a booming industry. It’s probably $160 billion on a global basis,” he said in a one-on-one interview with “Mad Money” host Jim Cramer. “I think the key piece there: There’s probably only about 10% of that that’s legal, but that means there’s a huge opportunity and demand out there.”
Brinks, the American private security and protection company, is in on the recreational marijuana business in Canada where the company — renowned for its bullet-resistance armored trucks — began in November providing cash and logistics services to Canopy Growth, the biggest player in the fledgling marijuana sector. Pot shops in that country began selling legal weed in October.
The American federal government still…