John Mackey Says The Cannabis Industry Is ‘Changing The World’ [Forbes]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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Source: Forbes
Whole Foods Market cofounder John MackeyGettyJohn Mackey, the cofounder and CEO ofcannabisIt might seem like an odd pairing, especially for an entrepreneur who’s foughtagainst labor unionsObamacarelegalized cannabisAlso, Whole Foods, which was slow to sell CBD products due to fear of a federal crackdown, now cannot keep enough of the stuff on its shelves.“It’s been explosive,” said Mackey, who admits to using CBD capsules to relax and infused salves during massages. “When I’m in our stores and I ask what’s hot, I’ll hear collagen and CBD.”Mackey said that the cannabis industry is about to transform from its entrepreneurial roots into a corporate industry and urged business owners to take advantage of the opportunity.“We are at the entrepreneurial stage for this particular business right now,” said Mackey. “But the entrepreneurial phase only has 10 to 15 years left, then it’ll move to become more professionalized.”Once the entrepreneurial phase is over, it’ll be hard to start a company
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