Interstate commerce will be sorted out as a part of federal regulations associated with some degree of federal legality(either medical or recreational). Right now we have no federal legality.
Canada has had federally legal medicinal cannabis for over a decade and has been exporting for years. Australia recently legalized medical cannabis on the federal level and is exporting/importing cannabis.
Companies like Cronos and Canopy take advantage of this to supply globally. When you operate in countries that cannabis is federally legal in some form(like Uruguay, Canada, Germany, Australia, Jamaica, Columbia), you can import/export between them as long as you have the correct licenses. In some cases, cultivating/processing in these countries is much cheaper(Israel) than Canada, America or Europe.
America has a loong way to go. We'll have more states on the ballot this year but far short of full legalization(either medicinal or rec). Until some level of federal legalization, it will be a state by state mico market which isn't really indicative of the global cannabis market's potential.
Your investment strategy is up to you. There's pros/cons either way. I just feel investors in this cannabis space need to be alittle more informed and more "visionary" on the actual market. The cannabis industry needs to be compared to others like alcohol, tobacco and coffee. There are different levels of quality and products and not all cannabis is the same. It's not all about who can grow the most. I feel that's an uninformed metric that finance guys use because they don't know any better. Alcohol companies are never compared against each other by how much rye and barley they grow and neither are coffee companies.
