Klein explained that there was momentum for cannabis this election cycle with several states legalizing cannabis. Those states include New Jersey, Arizona, Montana and South Dakota. Klein said that when one state allows cannabis, its neighbors feel the impact and become more likely to follow suit, which allows for gradual acceptance.
When asked about their total addressable market, Klein placed the industry around $70 billion. He said beverages and edibles are an exciting opportunity as legalization progresses.
Cramer said Klein has done a remarkable job turning around Canopy Growth and the company is now once again an "investable situation."