So, a while back I felt like it was going to drop back down to $0.19. I was told I was crazy. Well, here we are. Down from around $0.35 at that time, edging closer to that $0.19 mark.
Have learned more about the cannabis industry since then. Based on my new knowledge, I can see this stock dropping back down below $0.12; possibly even hitting $0.08. Why? Lack of transparency for product sourcing and handling. So, some new knowledge I have learned has led me to this conclusion. Cannabis products produced for human consumption cannot be derived from industrial cannabis. The reason: cannabis grown under the title of "Industrial" is subject to the pesticide and herbicide regulations that are in for human consumables.
So, anyone thinking a cannabis stock related to industrial hemp is going to "go to the moon", think again. It may go well as long as the company is not pinning it's roadmap to products related to human consumption or medical use. POTN is pinning it's whole future on human consumption and medical. So POTN needs to clearly state the source of the derived products.
Note that California has now banned CBD oils derived from industrial hemp for this very reason. I expect every state in the US to also ban all hemp products that are derived from industrial hemp. This will force FDA regulation and a change in farming practice. It will drive up the cost as farming for human consumption cost more than non-human consumption.
