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No one cares about cbd cryogel...wheres the beverage update?
yup lesson learned...vate has proved that its nothing but cyclical
How long we talking here? ive been in this thing for 10 months and wish I have sold 3 times already. VATE has never 'REALLY' taken off except for the initial push when I bought. Things arent looking good unless a major national contract comes into play imo.
i also agree with this sentiment...if we look at the marijuana index (http://marijuanaindex.com/sector/hemp-products/) for hemp products there are plenty of companies out there doing just fine right now with the same negative farm bill news that we have.
Yup thats why were watching other hemp stocks go up while were way down
Im right there with ya...feeling optimistic for the long haul but right now its a bit baffling.
Finally got a small chunk of CANB today (60k shares) and feeling good about it.
THC drinks are already kinda saturated in legal states and their pricing doesnt make sense for most consumers (i.e. dixie elixirs)...CBD and other compounds found in the cannabis plant is where the medical and recreational markets are heading and will eventually overlap imo (like delta thc 8: https://www.leafly.com/news/science-tech/what-is-delta8-thc)
Serious fomo w/ CANB.Would hate to buy at the top right now. Hoping for a dip between now and 9/30
Yup the quarterly revenues were easy to estimate based off of that previous announcement. Not sure why people are surprised.
Looks like 27% rev growth...not too shabby!
Hahaha was thinking the same thing. Im sure we'll see him/her on the next red day
Great new article on current hemp situation: https://www.politico.com/magazine/story/2018/08/04/mcconnell-comer-legalize-hemp-marijuana-kentucky-219156
Feels like the pendulum is starting to swing back in our favor!
This is exactly when i initially bought and am down 20% but only because I re-bought 2 times in 2018 at much higher levels than December's. Stupid move by me but hindsight is 20/20. Still feeling generally optimistic about future growth even if its not what we thought it would be by now at the end of December.
Inc Mag. article on CBD, THC etc beverages: https://www.inc.com/will-yakowicz/cannabis-infused-beverages-could-be-the-new-soda.html
I posted in the other group but its really worth the read and re-posting if people missed this. Article is from last month.
Yup! That update is all i really wanted to see (besides an uptick in PPS)!
Interesting and a bit strange turn of events in california with this ban...hemp legalization in the farm bill should clear this up though and legalize hemp derived CBD federally.
"In any case, California’s decision to ban CBD oil from hemp seems like it may be informed more by legalistic hair-splitting. And to illustrate how finely that hair is split, recall that CBD is a controlled substance under federal law, regardless of what it is derived from. Yet federal policy is also contradictory. The FDA’s recent approval of the CBD medicine Epidiolex comes despite the fact that the DEA considers CBD a Schedule I substance, with no medical applications. A DEA rescheduling or de-scheduling of CBD would go a long way toward resolving these questions — and is coming in the next three months."
https://cannabisnow.com/california-bans-hemp-derived-cbd-oil/
Agreed! Im in the same boat. Committed b/c consistent future growth is probable.
Brand new Rolling Stone article on Mitch and Hemp: https://www.rollingstone.com/politics/features/mitch-mcconnell-drug-warrior-cbd-champion-w522206
YES! Things are about to get interesting. Thanks for all the updates everyone
YES! Was just hearing on the radio that it was going to be a close call! Thats really close. Amazing!
Ive been wondering, once the Hemp passes in the Senate, will the brewing trade war help or hurt hemp stocks? Money could flow in from investors who are looking for a hot sector while the rest of the market is cooling off...or money freezes up entirely until the trade war passes.....or it doesn't play a factor at all...i really have no idea...any insights on this?
Thanks! I was concerned the SNAP discussion might take front and center but that seems to have blown over completely. Looking forward to the next couple weeks/months.
Major media outlets starting to frame the farm bill with a focus on hemp: https://www.cnbc.com/2018/06/13/senate-agriculture-panel-passes-farm-bill-with-hemp-legalization.html
Cant wait! Looks like itll be a hot summer.
The one nay vote was probably old man grassley haha
Music to my ears!...now we wait for the market to react.
Some interesting info here about House AND Senate moving Farm Bill forward...June 6th for Senate committee vote: https://www.agriculture.com/news/business/house-sets-new-vote-on-farm-bill
Agreed...Hoping sooner than later of course!
scroll to the bottom under 'Committee Votes': https://rules.house.gov/bill/115/hr-2 .....i should have been more clear...it was my understanding that it did not pass and we'll have to wait for the Senate to push it through.
Did anyone else see that vote? Sounds like were going to the senate? It happened so fast...i think the first vote was for Hemp and the second one was for SNAP. Not sure though...anyone?
Most up to date info on farm bill: http://thehill.com/homenews/house/387855-white-house-urges-support-for-house-farm-bill
For sure! Its just a shame these issues are getting clumped together and im seeing a media focus on SNAP and not hemp today (i.e. in LA Times). But youre right, the media will jump all over hemp legalization regardless once it goes through and none of that will matter
Trumps going to love to food stamp portion of this bill. I think its now more of a debate between dems & repubs if the food stamp amendments stay, go or get changed within the farm bill.
Thoughts on the SNAP amendments effecting overall passing of the farm bill?
There's another mention of hemp beer!
Oh I'm ready! Was hoping to see this news hit while I wasn't looking...Cheers from Hanoi!
Just logged on for the first time after 24 hours of travel...thrilled to see where this is going!!! Lets get it