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.
"You're starting to see a repurposing of the supply chain and that could give some companies another leg of growth," said Chris Retzler, a portfolio manager of the Needham Growth fund."This has the potential to drive revenues higher and lead to some earnings surprises.
Jillian Evanko, the chief executive of Chart, told Reuters in an interview that cannabis is now the fastest-growing segment of its business, and that the company has undisclosed products in its pipeline made specifically for use in the marijuana industry.
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