I think you’ve succinctly summarized the current sentiment very well
It’s been a very long week
We were very close to something very special occurring for the Hemp sector
It was very exciting — they told us they were going to get this done on time for the farmers, for whom revenue is down 50% over the past 5 years, while at the same time getting absolutely slaughtered by retaliatory tariffs from China on agriculture this year
I believed them
The bad news is that it didn’t happen and now we are dealing with the post non-event letdown
The good news is that it appears to be delayed but not cancelled
From all accounts I have read, Hemp Legalization has no meaningful opposition and will wind up in the final version of the farm bill
Though Hemp Legalization is obviously the biggest possible catalyst for the Hemp sector, it is not the only thing that will move these stocks, particularly when the Hemp & CBD economy is growing at such a rapid rate
Coca Cola just expressed interest in getting involved with Hemp-derived CBD Beverages
Bethany Gomez just put out a groundbreaking model for the future of the Hemp-CBD industry
We didn’t see many news stories like this from January-August, so this is a pretty recent phenomenon
The interest in Hemp & CBD Oil and Hemp & CBD Beverages is growing every day
So this is far from a dead sector
Disappointment and disillusionment can sometimes lead to all or none thinking
The reality is that the non-THC cannabis sector in America is the best positioned, most versatile and fastest growing component of the cannabis sector
Hemp & CBD products can be sold nearly everywhere, not just in dispensaries
Hemp & CBD products can be used by nearly everyone, not just by a fraction of the population
The media interest in the Hemp sector is only going to grow stronger over the next few weeks and months
The investor interest in the Hemp sector is only going to grow stronger over the next few weeks and months
Negative emotion can easily interfere with logical thinking
“They’re never going to legalize hemp” is not a logical statement
“They’re going to legalize hemp pretty soon” is a logical statement based on the information that is currently available
“These stocks are never going to go up until hemp legalization occurs” is not a logical statement
That’s an emotion-based cognition, skewed by negative sentiment
The reality is that hemp stocks move up when MJ stocks move up and there are several catalysts for the MJ sector in the next few weeks and months — Canada, the elections — not just the 4 states with MJ on the ballot but the favored probability of the Dems taking the House and being able to move cannabis legislation — and NJ legalizing Rec MJ via legislature
Hemp stocks can also move up separately from MJ stocks with increased media attention on the Hemp & CBD industry, which has just seemed to start over the past few weeks, increased consumer interest in Hemp & CBD products, increased interest on the part of investors who want to get in before the industry gets even bigger or want to get in before Hemp Legalization, and stock-specific news, milestones and accomplishments
Hemp stocks can also move up when mainstream companies express an interest in getting involved in the Hemp/CBD industry and when well-known investors express interest in getting involved in the Hemp/CBD industry
The Hemp & CBD industry in America is really starting to warm up and is only going to get hotter moving forward
Hemp Legalization is the biggest catalyst, but it is certainly not the only one
Enjoy your 30th birthday and have a great weekend
I’m going to catch up on some sleep myself
Regards,
Sleek
