Acreage Holdings Strives to Be Primary Cannabis Distributor, CEO Says

Acreage Holdings, led by CEO Kevin Murphy, is a US-based cannabis company with a significant presence in 15 states. The company operates under a holding company structure and aims to be a leading grower, processor, and distributor of cannabis. Despite the complexities of state-by-state regulations and federal banking challenges, Acreage Holdings has established legal banking relationships. While primarily focused on the US market, the company acknowledges the leadership of Canada in compassionate cannabis care. The medical benefits of cannabis, particularly for conditions like epilepsy and PTSD, are a key focus, with an aim to address the opioid crisis.

What is the primary reason Acreage Holdings chose to list on the Canadian Stock Exchange?

• Canada is the first and only choice for US cannabis companies.

• Canada is the only country that allows cannabis companies to list.

• Canada offers better tax incentives for cannabis companies.

• Canada has a larger market than the US.

How does Acreage Holdings manage the complexity of operating in different US states?

• By operating only in states that allow adult use.

• By lobbying for federal cannabis legalization.

• By focusing only on states with lenient cannabis laws.

• By treating each state as a separate country with its own rules.

What is one of the main challenges for cannabis businesses in the US?

• Federal restrictions on interstate cannabis sales.

• High taxation rates.

• Limited access to cannabis seeds.

• Lack of consumer interest.

Why is Acreage Holdings primarily focused on the US market rather than the Canadian market?

• The Canadian market has stricter regulations.

• The Canadian market is saturated.

• The US market is larger, with states like California being bigger than Canada.

• The US offers better legal protections for cannabis companies.

What motivated Kevin Murphy to enter the cannabis industry?

• The recreational potential of cannabis.

• The financial profitability of cannabis.

• The health benefits and medical miracles of cannabis.

• The opportunity to expand internationally.