Privateer CEO: U.S. marijuana legalization coming in 2-3 years

Brendan Kennedy, the CEO of Seattle-based private equity firm Privateer Holdings, predicted at an Ireland tech summit this week that marijuana will be legalized at the federal level in the U.S. in two or three years.

There is some discrepancy on the timeline, since USA Today quoted Kennedy as estimating that legalization will occur “within the next two years,” while Business Insider reported his prediction at three years.

But according to the reports, Kennedy believes the election of Justin Trudeau as Canada’s new prime minister will have a good bit to do with cannabis reform in general. During his campaign, Trudeau vowed to legalize recreational marijuana in his country.

Kennedy also predicted that cannabis will become legal in five to seven years in parts of Europe, and singled out Spain, Germany and Croatia as nations that are moving in that direction. He tagged the United Kingdom, saying the island nation is “a little bit behind” when it comes to marijuana reforms.

If the cannabis industry does make further inroads internationally, Privateer is one company that’s already a step ahead, as it owns the Canadian medical cannabis producer Tilray.

2 comments on “Privateer CEO: U.S. marijuana legalization coming in 2-3 years
  1. John Liedtke on

    Legalization on Canada will still be 4-5 year time frame. The conservative dominated Senate has already said they will delay any further legislation that offers legalization.

    Reply
  2. Gentle Jim on

    Over the last 30 years or so I have watched the fight to legalize cannabis build up from the grass roots of America and around the world. Many leaders in this fight have been ridiculed and persecuted in the corporate owned and dominated press. This in order to shoot the messenger and avoid the bigger conversation about cannabis truth and it’s history. I wonder if anyone else out there has had this feeling, that we are being kept in this (but it’s “federally” illegal limbo) just so those same powerful interests can bribe and slide right into control of the legal cannabis market place.
    Gentle Jim

    Reply

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