Ok, still have some work to do here.... Hemp -IS- Cannabis, by definition. The ONLY difference between hemp and marijuana is the percentage of THC on a dry weight basis. Federally, any cannabis plant under 1% THC is Hemp. As per the 2014 Farm bill, for USA grown hemp, any plant with 0.03% THC or under is classified as hemp. There is zero difference in the CBD molecule extracted from hemp or marijuana. The only difference is the "spectrum" of other cannabinoids like THC, CBC, CBG, etc... and the naturally occurring terpene spectrum.
One other difference is the quality of the strain... so just like you can have shitty weed from mexico that produces low-quality marijuana buds, industrial hemp is the low-quality version of hemp and "purpose grown" hemp is the high-grade strains. Purpose grown hemp is grown specifically for it's CBD and that's it... the plant materials are usually sold after extraction, but it is a secondary use of the plant.
I personally see no effect positive or negative on HLT personally from the Nov. voting. If things stay the same, they will still have a market, if things get easier for MMJ, they still have a market. However, if things get easier for MMJ, it just helps push forward the cause of MMJ and CBD, which in itself is good.
The way I think it will effect the stock though is in a VERY good way... because just the buzz of the industry making advancements and us being grouped in the Cannabis sector, I think we'll have a solid run.
