Is There A Connection Between Hemp And Marijuana ???
In My Huble Opinion ... Just A Good Read !! I Did Not Write This !!
Why is hemp illegal????
It’s because the U.S. Drug Enforcement Administration (DEA) lists CBD as a “Schedule I” drug with the likes of cocaine and heroin. You might be surprised to know that alcohol and tobacco don’t make the list of Schedule I drugs, but marijuana and hemp do, because of their constituents. It’s absurd!
Now, although it is derived from the same cannabis plant as hemp, marijuana is considered hemp’s evil sister, since it gets you high. But so does alcohol. My point is that, if the federal government caves to legalizing hemp, there will be no logical reason for legislators to keep listing marijuana on Schedule I.
Sooner or later, the government will come to its senses and do the right thing—that is, legalizing marijuana and taxing it like alcohol. It makes both intuitive and economic sense to do so.
U.S. marijuana stocks have so far lagged their Canadian counterparts, due to the U.S. federal government’s unfair treatment of marijuana as a narcotic. But once this veil of uncertainty is lifted and U.S. marijuana companies are producing and selling freely, there will be no stopping these stocks from replicating the exponential returns delivered by their Canadian peers.
The North American marijuana industry is on a tear as it delivers eye-popping triple-digit returns on marijuana stocks in just under a year. The legal marijuana industry is now firing on all cylinders, with North America providing the necessary fuel.
Canada is expected to fully legalize weed later this year, while the U.S. is seeing one state after another moving toward legalization (despite resistance from the center). Earlier this year, Vermont became the first U.S. state to legalize weed through a legislative order, and the ninth state to allow recreational use of weed.
While Senator McConnell’s bill goes for review by the federal government, there’s a good chance it may simultaneously knock some sense into state legislators. McConnell’s home state, Kentucky, could become the 30th U.S. state to legalize marijuana for medical use.
U.S. investors should be watching this development closely, since it could become the catalyst for a grand rally in marijuana stocks.
