While their appears to be increased Senate support to make hemp legal, there remains significant opposition on the House side and that will dominate when the two groups come together for the final comppromise bill.
The compromise bill, given the still significant opposition of House members, will eliminate Legalizing hemp from the ill, but perhaps maintaining while maintaining the the illegal of the bill, may include a softening of regulations, like possibly allowing cross state border, but only where those states approve.
Remember, hemp still his a psychoactive THC component, like cannabis and many states are adamantly oppose to it and, while federally illegal, crucial bank and insurance support is NOT there and crucial for states and farmers go be interested.
Hope for legalization may well be on the horizon in the future, but not now. Those gambling buying Hemp and hemp stocks, are clearly risking the stocks being sold off in massive volume, given all the speculation and then an investor in HEMP is sitting with DEAD money.
The share price will fall apart in massive volume in the blink of an eye.
To complicate and make matters far riskier, SEC action against HEMP and it's CEO is pending for selling millions of unregistered shares and could happen anyday and suspend trading, period.
Far, far better for those interested in hemp investing is to WAIT to see what develops, perhaps pay a fraction of a cent more for shares, but KNOW we're going up. That's the security needed and the time to buy.
Far, far too risky with this fickle congress and
House member where much opposition exists (The working House version only passed by 2 votes to get to upcoming conference committee for a final version).
Frankly, and honestly, stupid investors invest on HOPE on such a controversial issue with still so much opposition.
GLTY.
