The DIY Queen makes her formal foray into the cannabis business
Martha Stewart is getting into the pot business. Stewart, the veteran TV personality and retail executive, is partnering with Canopy Growth, the world’s biggest cannabis company, as an advisor to develop a new line of pot-related products. Smiths Falls, Ont.-based Canopy said it plans to tap Stewart’s vast knowledge in consumer goods as the company develops human and animal health products infused with cannabidiol (CBD) and other cannabinoids. Terms of the advisory deal were not disclosed and Canopy Growth did not provide further details on what kind of products it plans to develop with Stewart or when they will be released. According to a recent report by Cowen & Co., the U.S. CBD market could be worth as much as US$16 billion by 2025….
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