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Schumer Weighs In On New York Legal Marijuana Talks, Applauding Legislature And Snubbing Cuomo
https://www.marijuanamoment.net/schumer-weighs-in-on-new-york-legal-marijuana-talks-applauding-legislature-and-snubbing-cuomo/
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U.S. hemp production rule—on verge of taking effect—draws praise
https://www.naturalproductsinsider.com/regulatory/us-hemp-production-ruleon-verge-taking-effectdraws-praise
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Why the Alcohol Industry Is Betting Big on Cannabis
As legalization increases, drinks companies see huge opportunity in the THC and CBD beverage space
https://daily.sevenfifty.com/why-the-alcohol-industry-is-betting-big-on-cannabis/
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Democratic Senators Elevate Federal Cannabis Reform To High Priority
SAFE Banking Act remains the most sensible 1st step for Chuck and friends
This is a worthy read:
https://www.forbes.com/sites/roberthoban/2021/03/15/democratic-senators-elevate-federal-cannabis-reform-to-high-priority/?sh=78e9ca97ba90
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NY 'very close' to passing legal marijuana bill
https://www.whec.com/news/ny-very-close-to-passing-legal-marijuana-bill/6043662/?cat=565
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CBD Has Beneficial Effects on Alzheimer’s in Mice, Study Finds
https://wholefoodsmagazine.com/news/main-news/cbd-has-beneficial-effects-on-alzheimers-in-mice-study-finds/
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Deal Imminent On New York Marijuana Legalization Bill As Governor Touts Progress
https://www.marijuanamoment.net/deal-imminent-on-new-york-marijuana-legalization-bill-as-governor-touts-progress/
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Industry group clarifies hemp definition in wake of Delta-8 THC confusion
https://www.nutraingredients-usa.com/Article/2021/03/10/Industry-group-clarifies-hemp-definition-in-wake-of-Delta-8-THC-confusion#
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For hemp CBD bill, third time’s a charm
https://www.agri-pulse.com/articles/15511-for-hemp-cbd-bill-third-times-a-charm
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I think ISOLF is a uniquely positioned publicly traded company with an emphasis on the cannabidiol formulation most likely to receive FDA’s 1st approval for national sales — CBD Isolate
They also offer CBD products in all 4 major categories — Foods, Beverages, Supplements and Topicals — and have a pharmaceutical angle, international distribution, retail penetration into Vitamin Shoppe and a focus on athletics and sports
They also seem to have put a significant amount of thought into the positioning of their company moving forward based on possessing more than just a superficial understanding of the CBD sector:
https://www.benzinga.com/markets/cannabis/20/10/17840713/isodiol-executives-discuss-company-shift-towards-cbd-consumer-markets
So it has “merits on its own” as well as being “in position to increase when a rising tide lifts all boats”
It was trading in the .06-.08 range when it entered the portfolio, and performed very well during the few days of frank manic action in the cannabis sector we saw in February, and since that’s the primary goal of this portfolio, it was a nice confirmatory signal
Like every other stock trading on the OTC, it has its positives and negatives, its benefits and its risks, so doing your own DD is always recommended
In terms of individual stock weightings in a diverse cannabis portfolio that covers American MJ, American CBD, CBD Beverages and CBD Supplements, the optimal weighting isn’t likely to be static over time
These are dynamic times and depending on which of the 3-4 major federal catalysts move to the forefront as we move thru 2021 — MJ Legalization, CBD Product Legalization, MJ/Hemp/CBD Banking Legalization and FDA Enforcement Discretion Policy for CBD Products — the optimal compositional weightings will vary
Spontaneous catalysts will also likely play a role moving forward — for example, just because the market didn’t react to Molson-Coors and Canopy launching CBD Beverages, that doesn’t mean the market wouldn’t react to the 1st major retail chain that breaks the ingestible ice and starts carrying CBD Beverages in multiple states or the 1st mainstream American Beverage company that announces clear interest in producing a line of CBD Beverages
Likewise for MJ stocks, we still haven’t seen the equivalent of what sparked the late 2017 cannabis mania in Canada, when Constellation Brands took a 10% stake in Canopy Growth nearly a year before Canada passed MJ Legalization
I really like AMMJ based on a long list of favorable characteristics — the arc of company development anticipated to occur over the next 12-24 months, opportunity to enter before it becomes an MSO, chart history with huge runups during prior manias, slow pace of dilution, small float, 99th percentile IPA score, etc — so I view it as a must own in the MJ sector
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NPA, others support CA CBD bill while still advocating for federal solution
https://www.nutraingredients-usa.com/Article/2021/03/11/NPA-others-support-CA-CBD-bill-while-still-advocating-for-federal-solution
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A Success Story for Hemp in Kentucky
https://hempsupporter.com/news/a-success-story-for-hemp-in-kentucky
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Federal Marijuana Reform Requires Bipartisan Compromise, Former GOP Congressional Staffer Says (Op-Ed)
https://www.marijuanamoment.net/federal-marijuana-reform-requires-bipartisan-compromise-former-gop-congressional-staffer-says-op-ed/
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Top New York Lawmaker ‘Really Encouraged’ By Marijuana Legalization Talks With Governor
https://www.marijuanamoment.net/top-new-york-lawmaker-really-encouraged-by-marijuana-legalization-talks-with-governor/
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Top New York Lawmaker Says Legal Marijuana Talks With Governor Reached Point Of Screaming
https://www.marijuanamoment.net/top-new-york-lawmaker-says-legal-marijuana-talks-with-governor-reached-point-of-screaming/
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Mexico’s Chamber Of Deputies Approves Revised Marijuana Legalization Bill
https://www.marijuanamoment.net/mexicos-chamber-of-deputies-approves-revised-marijuana-legalization-bill/
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The True Significance of Final Covid Stimulus Bill Passing Congress
Congress has been completely tied up with Covid for 1 full year now, ever since March 2020 when the first Covid Stimulus Bill hit the floor
As a result, not much other than Covid-related bills have been able to move thru Congress for the past 12 months — issues like cannabis were placed on the back burner, along with nearly all other forms of legislation
With multiple vaccines having been successfully developed in an incredibly short timeframe, which is a truly historic medical achievement, and their dissemination into arms across America now well underway, the pandemic is now widely expected to dissipate as we move thru the Spring and deeper into 2021, so for all of us, the real significance of this final Covid Stimulus Bill being signed into law by Biden this week is that Congress is finally open for business again for non-Covid related bills
Now this doesn’t mean bills like The SAFE Banking Act or CBD Legalization are going to automatically pass next week or next month
But what it does mean is that these 2 bills in particular now have a reasonable chance of moving thru Congress in 2021, and that’s why I’m very excited to be invested in the MJ and Hemp/CBD sector this year
The Legalization of MJ is another bill which is expected to be drafted and filed in 2021, and though I believe any possibility of its passage won’t take place until 2022, that won’t stop this possibility from being talked about, and given the fact that the complete descheduling (like alcohol) and legalization of MJ is the largest and most exciting catalyst in the history of the cannabis sector, even the concept of MJ Legalization will also clearly continue to possess the potential to spark up the cannabis sector again in 2021
Now I’m not here for mere talk of passing legislation, which obviously created tremendous excitement throughout the cannabis sector earlier this year
Talk has never led to a cannabis mania before, so it was really amazing to see a few days of truly manic action in February merely based on talk, something I never expected to see
What we all witnessed last month was entirely unprecedented, as actual events have triggered all prior manias we’ve seen in the cannabis sector — in 2014, 2016, 2017 (Canada) and 2018
And that’s what I’ve always anticipated will trigger any cannabis mania in 2021 — but based on what happened in January and moreso in February 2021, I certainly won’t dismiss the concept that talk alone can cause the cannabis sector to heat up again and possibly trigger a mania — dismissing that possibility entirely and ignoring the fact that the catalysts in 2021 are actually considerably more significant than what we’ve seen in prior cannabis manias — Colorado launching sales of Rec MJ in 2014, multiple states listing Rec MJ on the ballot in 2016 with Clinton’s support of rescheduling MJ from Schedule I to Schedule II (legalization of Med MJ which would now require a prescription from a physician with Rec MJ still remaining federally illegal), and California launching sales of Rec MJ in 2018 — would be a foolish thing to do
Federal Legalization of MJ & Hemp/CBD Banking, Federal Legalization of CBD Products and Federal Legalization of MJ are all legislative catalysts that would completely transform the cannabis industry, taking these respective cannabis sectors from their current status — state-by-state patchwork economies filled with uncertainty and risks — and turning them into fully national and legal industries, thereby elevating the financial ceiling of both industries immediately, causing an overnight stampede of investor interest into these sectors
The promise of 2021 is undoubtedly fantastic and whether we see none, one or two of these events occur in 2021 is something for which I’m very willing to exercise patience — whatever happens between now and then is immaterial to me, so if there are lulls in the action moving forward, as we have seen occur during the past few weeks, that’s perfectly fine with me — lulls aren’t going to be predictive of the future in 2021 unless they are accompanied by a change in future potential of any of these cannabis bills passing thru Congress, and thus far in 2021 I’ve seen nothing that changes the potential for either The SAFE Banking Act or CBD Legalization to pass Congress this year
And if we are so fortunate to watch the SAFE Banking Act pass thru Congress, it’s only going to increase the fervor and intensity of the MJ Legalization talk as well as increase the probability of its future passage in 2022, so there’s a big added bonus to the passage of cannabis banking legalization as well
So I’m undeterred by the action across the cannabis sector over the past few weeks, which I should mention has also nearly exactly mirrored the action in the Nasdaq index itself, continuing to feel very patient given the significance of the multiple catalysts that lay in front of us, and quietly observing the action
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The Senate passed Biden’s $1.9 trillion stimulus bill – here’s what’s next
https://www.cnbc.com/2021/03/06/the-senate-passes-biden-stimulus-whats-next.html
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Marijuana Legalization Bill Has ’60-40' Odds Of Passing, Connecticut Governor Says, Adding He’s Open To Homegrow
https://www.marijuanamoment.net/marijuana-legalization-bill-has-60-40-odds-of-passing-connecticut-governor-says-adding-hes-open-to-homegrow/
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Mexican Lawmakers Circulate Amended Marijuana Legalization Bill That’s Set For A Vote On Monday
https://www.marijuanamoment.net/mexican-lawmakers-circulate-amended-marijuana-legalization-bill-thats-set-for-a-vote-on-monday/
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Mexico moves closer to becoming the world's largest legal cannabis market
https://www.nbcnews.com/news/world/mexico-moves-closer-becoming-world-s-largest-legal-cannabis-market-n1259519
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I love this guy...
He’s not a fan of MJ but is ready to legalize it anyway for the government revenues...
This is West Virginia we are talking about...
West Virginia Governor Would Support Taxing The ‘Absolute Crap’ Out Of Marijuana To Replace Income Tax
https://www.marijuanamoment.net/west-virginia-governor-would-support-taxing-the-absolute-crap-out-of-marijuana-to-replace-income-tax/
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New York CBD Regs Expected Soon
New York: Last October, New York published proposed regulations for the establishment of a Cannabinoid Hemp Program. Once finalized, the regulations will govern processing, manufacture, and sale of cannabinoid hemp products in New York. We expect final regulations to be issued soon.
Jonathan Miller’s US Hemp Roundtable is a powerful organization — they’ve even convinced a conservative state like Utah to legalize CBD as a Food and Beverage Additive — this bodes well for the expected future introduction of The CBD Food and Beverage Legalization Bill in Congress in 2021:
Marijuana Legalization Bill Sponsored By Maryland Senate Leaders Gets Hearing As Lawmakers Work To Merge With House Plan
With Virginia’s recent passage of Rec MJ Legalization, Maryland is now in the same spot as New York with New Jersey’s recent passage of Rec MJ Legalization
So this is another test of the neighboring state theory in 2021:
https://www.marijuanamoment.net/marijuana-legalization-bill-sponsored-by-senate-leaders-gets-hearing-as-lawmakers-work-to-merge-with-house-plan/
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CBD Food/Beverage Current Status and Expectations for 2021
This article does a nice job of summarizing the 2021 outlook for CBD Food & Beverages:
https://www.fooddive.com/news/canopy-growth-to-sell-cbd-infused-sparkling-water-online-in-us/596099/
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Decline In Banks Working With Marijuana Businesses Has ‘Leveled Off,’ New Federal Data Shows
https://www.marijuanamoment.net/decline-in-banks-working-with-marijuana-businesses-has-leveled-off-new-federal-data-shows/
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Stimulus bill could pass Senate by end of this week
Nice description of the legislative process and schedule here:
https://www.fox13memphis.com/news/trending/stimulus-bill-schumer-says-he-has-votes-pass-bill-that-includes-1400-check-400-unemployment-benefits/VY4LXIXASRHB3FXJ5YX63K7V7U/
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Marijuana Legalization Could Curb Opioid Crisis In West Virginia, Governor Says
https://www.marijuanamoment.net/marijuana-legalization-could-curb-opioid-crisis-in-west-virginia-governor-says/
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Another article worthy of reading, some good details about Canopy’s plans for its CBD Beverage line in America here
They plan on rolling it out in chain stores as well, so the question then becomes, which chains will take the leap first?
I really liked this quote:
“We think there’s a fairly clear regulatory path and way to enter the market, and we’re really comfortable with the future opportunity,” Kovacevic said.
Highly recommended reading:
Canopy Growth Launches ‘Quatreau’ CBD Drinks In U.S.
https://www.forbes.com/sites/chrisfurnari/2021/03/02/canopy-growth-launches-quatreau-cbd-drinks-in-us/?sh=3449c3b64b19
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The ValidCare CBD liver safety study appears to be the final known piece of the puzzle when it comes to FDA releasing its CBD Enforcement Discretion Policy for CBD Products
It may also be the final pre-requisite for HR 841 — The CBD Legalization Bill — to move through the House
The results from the Validcare study are expected to be published in the near future
I’ve just reached out to Patrick, the CEO of ValidCare, to try to get the latest news on a timeline
Last time I communicated with him was in early Feb and they were “really close now” and “weeks away” from concluding the study
I know that Covid has pushed back the timeline a bit since the study began in August 2020, but the finish line can’t be very far away at this point
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Canopy’s CBD Beverages contain 20 mg CBD Isolate per 12 ounces
Given how closely they’ve worked with the FDA on CBD over the past few years, along with the research studies they’ve conducted on efficacy and safety, 20 mg of CBD Isolate per 12 ounces could turn out to be the cutoff that is announced by FDA
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We’ve now seen 2 major breakthroughs for CBD Beverages in 2021
Molson-Coors becoming the 1st mainstream beverage brand to launch a CBD drink in U.S.:
Molson Aims to Create Mass CBD Drink Brand With Veryvell
https://www.bloomberg.com/news/articles/2021-01-13/molson-aims-to-create-mass-cbd-drink-brand-with-veryvell
Coors Officially Enters American CBD Drink Market
https://www.westword.com/marijuana/coors-enters-american-cbd-drink-market-11880857
And now Canopy is introducing its line of CBD Beverages to the U.S.
Canopy Growth Launches CBD Beverage Brand Quatreau in the U.S.
https://finance.yahoo.com/news/canopy-growth-launches-cbd-beverage-120000217.html
Let’s see who’s next
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Canopy launches CBD-infused sparkling water line in the U.S.
Thank you for being a trailblazer, Canopy
https://www.cnbc.com/2021/03/02/canopy-launches-cbd-infused-sparkling-water-line-in-the-us-.html
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Big news out today on the CBD Beverages front
Canopy is already a mover and shaker in the American CBD industry with Martha (CBD Supplements) and now Quatreau (CBD Beverages)
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Best Clue Senate Takes Up SAFE Banking Act of 2021 in Spring
Chuck just stated in his 2/26/21 fundraising email: “next is criminal justice reform”
https://www.marijuanamoment.net/chuck-schumer-says-federal-marijuana-legalization-is-a-priority-in-democrats-big-bold-agenda/
In a fundraising email to his list of supporters on Friday, Senate Majority Leader Chuck Schumer (D-NY) laid out what he called “Democrats’ bold agenda for change this year.”
After first describing plans to tackle climate change and income inequality, Schumer turned to cannabis.
“Next is criminal justice reform—and voters agree,” he wrote. “Voters in four more states this election voted to legalize adult recreational use of marijuana, and that proves once again it’s past time to work to undo the harm done by misplaced priorities, particularly in Black and brown communities. It’s time to decriminalize marijuana nationally.”
Senator Sherrod Brown, Chairman of the Senate Banking Committee recently stated:
The new chairman of the Senate Banking Committee says he’s open to advancing a bill protecting banks that service state-legal marijuana businesses—but it must be passed in tandem with sentencing reform legislation for drug offenses.
Sen. Sherrod Brown (D-OH), who recently took the top seat in his panel after Democrats secured a majority in the Senate, told reporters that he’s “willing” to move the bipartisan Secure and Fair Enforcement (SAFE) Banking Act, “but with it needs to come sentencing reform.”
“I don’t think we move on legalization the way that Colorado and some other states want us to, unless we really look more seriously at who’s in prison for how long for those kinds of offenses and we don’t do one without the other,” he said after having a meeting with Colorado lawmakers about cannabis issues.
Marijuana Banking Protections Must Come With Sentencing Reform, Key Senate Chairman Says
https://www.marijuanamoment.net/marijuana-banking-protections-must-come-with-sentencing-reform-key-senate-chairman-says/
— — —
Since Chuck said “criminal justice reform is next” and Sherrod stated “SAFE Banking Act needs to come with sentencing reform”, then it’s pretty logical to think that this pair of legislative issues — cannabis banking and cannabis sentencing reform — will go together like PB & J
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1st New Cosponsors for CBD Legalization since its Introduction
https://www.congress.gov/bill/117th-congress/house-bill/841/cosponsors?searchResultViewType=expanded
CA and KY are the latest additions
1 Dem and 1 Repub
21 Cosponsors in total
Nice bipartisan support so far with 14 Dems and 7 Repubs
If passed, this bill would legalize CBD as a Dietary Supplement:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162052688
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Chuck Schumer Says Federal Marijuana Legalization Is A Priority In Democrats’ ‘Big, Bold Agenda’
https://www.marijuanamoment.net/chuck-schumer-says-federal-marijuana-legalization-is-a-priority-in-democrats-big-bold-agenda/
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Chuck talking about MJ on the regular has been a huge gift to the cannabis sector thus far in 2021
The American public simply isn’t used to hearing, from the political party in power, that MJ Legalization is a legislative priority
It’s pretty exciting stuff
The next step in the talk-action protocol is action
I continue to expect the introduction of The SAFE Banking Act of 2021 into the House to act as the starting line for action:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162052561
With the stimulus bill now passed, March would be a pretty reasonable month to see that intro happen in the House
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Martha Stewart says CBD for pets will be a $10B industry in 2 years
https://www.foxbusiness.com/lifestyle/martha-stewart-cbd-for-pets-will-be-a-10b-industry-in-2-years
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State ag departments join call for 1% THC in hemp
https://hempindustrydaily.com/state-ag-departments-join-call-for-1-thc-in-hemp/
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