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the curious case of the r/s withdrawl
year of the earth dog started last night
the product only for pharmacies and doctors is called pro +cbd instead of plus +cbd. same type of bottle the color looks black but i heard brown from someone.
if case is dismissed he aint going anywhere
if settlement on the table is signed he will have to step down as an officer and board member but not sure on timeline
updated on sec case will happen by EOD march 2nd
some of these gummy bear products labeled "CBD" are being found with synthetics. Its a problem. They only went after smoke shops and gas stations neither of which sell pluscbd generally.
pluscbd has some marketing wizards working for them wow
massive billboard advertising plus cbd in western kentucky.
looks wonderful.
in addition to the red green and gold lines for pluscbd there is now a brown line that is ultra concentrated and available only for medical practitioners to purchase.
I have now identified 6 different cannabis subsectors in the USA market:
1. Recreational Marijuana in individual states [will never get past the FDA without super majority congressional support][will be confined to regional areas until at least 2025 in my opinion]
2. Medical Marijuana in individual states [will eventually go to pharmaceutical][will potentially be shut down by the negative monograph system via FDA framework(its already in the works)]
3. Agricultural Hemp Consumer Products [CBD Oil etc.][showdown with FDA coming 2018-2019][There is one path past the FDA for *extracts* and that is a certification of safety which CVSI has been preparing since 2014]
4. Pharmaceutical [Routes through the FDA][CVSI going this route with cvsi-007]
5. Hemp Industrial Products [Hempcrete etc.]
6. Auxiliary
Federal Protections
#2 The Rohrabacher–Farr Amendment loosely protects
#3 and #5 protections in below email
#4 Routes through the FDA
HEMP EXTRACTS WERE BANNED IN CANADA A LONG TIME AGO. DO NOT LOOK TO CANADA FOR GUIDANCE.
2014 Farm Bill:
The section from the Farm Bill used to justify is 7606(b)(1) -> Section 7606 authorizes "agricultural pilot programs" which "study the growth, cultivation, or marketing of industrial hemp." Thus, sales and marketing of hemp raw materials is allowed under the research and pilot programs authorized in Section 7606.
From The Omnibus Appropriations Act of 2016:
“None of the funds made available by this act or any other act may be used… to prohibit the transportation, processing, sale or use of industrial hemp that is grown or cultivated in accordance with section 7606 of the Agricultural Act of 2014, within or outside the State in which the industrial hemp is grown or cultivated.”
From the Consolidated Appropriations Act of 2017:
TITLE V—GENERAL PROVISIONS. SEC. 538. None of the funds made available by this Act may be used in contravention of section 7606 (“Legitimacy of Industrial Hemp Research”) of the Agricultural Act of 2014 (Public Law 113–79) by the Department of Justice or the Drug Enforcement Administration.
TITLE VII. GENERAL PROVISIONS. SEC. 773. None of the funds made available by this Act or any other Act may be used— (1) in contravention of section 7606 of the Agricultural Act of 2014 (7 U.S.C. 5940); or (2) to prohibit the transportation, processing, sale, or use of industrial hemp that is grown or cultivated in accordance with section 7606 of the Agricultural Act of 2014, within or outside the State in which the industrial hemp is grown or cultivated.
(The 2nd clause reiterates the first one, but makes it applicable across the board to any and all Federal or State agencies that receive Federal funds, not just to the Justice Department and the DEA.)
(“within or outside the State in which the industrial hemp is grown or cultivated.” In legal terms, it doesn’t get much clearer than that Congress intended interstate commerce in industrial hemp.)
Directly from the Federal CSA:
“Marijuana” means all parts of the plants of the genus Cannabis, whether growing or not; the seeds thereof; the resin extracted from any part of the plant; and every compound, manufacture, salt, derivative, mixture or preparation of the plant, its seeds or resin, including tetrahydrocannabinols. It does not include the mature stalks of the plant, fiber produced from the stalks, oil or cake made from the seeds of the plant, any other compound, manufacture, salt, derivative, mixture, or preparation of the mature stalks (except the resin extracted therefrom), fiber, oil or cake or the sterilized seed of the plant which is incapable of germination.
(NOTICE “IT DOES NOT INCLUDE…”)(I furthermore contend with the persuasion of the 9th circuit that the intention of the exception to the exemption (resin from exempted parts) is that a resin could not be pulled from non-psychoactive hemp that would increase THC levels above their natural percentage in non-psychoactive hemp).
2004 9th Circuit HIA vs DEA
“non-psychoactive hemp is not banned under Schedule I [of the Controlled Substances Act.]…” and “But they cannot regulate naturally-occurring THC not contained within or derived from marijuana-i.e., non-psychoactive hemp products-because non-psychoactive hemp is not included in Schedule I. The DEA has no authority to regulate drugs that are not scheduled, and it has not followed procedures required to schedule a substance.”
im consistently amazed by the lack of understanding people have in the regulatory environment surrounding this stock wow
iliad 2 must be diluting via bmic
maybe they had to use all their cash to pay off wiltshire not sure
retails outlets
i love how all the other jokers in this industry issue press releases every time they get one store [like vate] and cvsi just quietly keeps kicking but.
previous number was 1500.
1600 just heard
haha awesome
the debt thing may come true we shall see
i would love a good crash though and so would those jewish bankers
just dont think we will get more than 8% before buyers swoop in
so much money on the sidelines and everywhere
and this economy is about to scale like we have never seen
but tick tock all good things come to an end
meanwhile someone is not truthful and another is not forthright about who's side they are on
jihad retreats and gets ready for its greatest victory
and that my sir is the sign (jihads greatest victory) to sell everything including the dollar
im a buyer. no crash coming. biggest bull run we have ever seen as the we scale into a world economy. tick tock though. June 13, 2029 run for the hills.
i need more shares
currently the best national cannabis brand imo
any chance we see .22s again?
cash generated last 2 quarters
178.692 thousand 6.30.17
442.937 thousand 9.30.17
? 12.30.17
i assume *all* includes the wiltshire:
“As we previously indicated in December 2017, our financial position has well-positioned the Company to satisfy all remaining outstanding debt obligations in cash,” said Michael J. Mona, Jr., chairman and CEO of CV Sciences. “By doing so through the remaining term of this debt obligation, we will be able to avoid further dilutive issuances of our stock to the lender.”
if they paid off wiltshire and iliad 2 feb tranche cvsi is 4 fricken months from being debt free unbelievable if true. i know they said they would need financing for clinical trials but maybe not if they are generating this kind of cash.
ya he made kind of a vague post and disappeared
wish i had as many shares as bud; what the heck happened to him?
not sure no update
deadline for motions is the 16th of feb for the trial
not sure how many times favorable settlements are offered and pulled but cant imagine its very often
looking forward to it
give me those .22s back
the only think that im not privy on is that wiltshire loan for 850k due yesterday. not sure how they had the cash to cover that.
ahhhh! no clue but im gonna load up again if this gets back to the .20s
there is only one path past the fda to sell lawful cbd oil (as a food constituent) and its not an easy or quick or cheap path. the cert will be on the specified article of commerce and i think they have it whenever and are just being prudent. the csa clearance sounds very probably this year. not sure there is much more to say. once this moves for real it could move quickly. 4 major catalysts to watch 1. sec clearance 2. full clearance from csa 3. cert finalized 4 uplist. i expect all 4 to happen this year. what am i missin?
double bottom potentially forming on the candle chart.
yo the FDA dont care
any product containing cbd is currently and unlawful product despite whether its scheduled on the CSA or not
i say this not to create fear but to give you a heads up
could be one hell of a chance to load up for those
with the proper foresight
the wild west cbd market is over
2 marines died from cbd oil laced with synthetics
pay to play will be enforced and potentially with an iron fist
cvsi has known how the pay to play will be setup since 2014
and prepared accordingly
as a result though how this thing trades in the short term
could be anyones guess
bmic on the ask what they heck they doin
broke .442 support on the 3month candle chart
next support .3725
the candle chart setup continues to look good imo
1day 3months
FDA did confirm though that CBD is not a new chemical entity and nicotine obviously is not. That was a key detail from a press release last summer.
from the q3 conf call:
"On this last slide, we provide a summary of our upcoming drug development milestones over the next several quarters. We expect to complete preclinical studies in the first half of 2018. We anticipate filing an IND investigational new drug application sometime in Q3 2018 and we anticipate commencing human trials in late 2018. We expect to provide updates as they are available over the next several quarters on our drug development program."
These things take time. My guess is not before 2021. Whether it sells via over the counter near the other nrts or via doctor/pharmacy im not sure. what we have on our side is fda is downright obsessed with nicotine and tobacco addition right now.
*i think* they know they dont need the r/s
seems like these medical cannabidiol bills are just medical marijuana bills with really tight thc caps. havent been a big fan when you dig into the details. wisconsin and indiana cbd bills i have been much more pleased with.
state of the union speech this week. i am putting 5% probability we get a industrial hemp mention.
the candle chart is looking really good wow.
apparently
our best bud scott gottlieb was on cnbc squawk box Thursday morn
cbd oil was brought up
but they cut that discussion from the clips online
i have searched high and low and cannot find the video
so if anyone has any ideas...