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Monday, July 15, 2019 7:04:12 PM
ACB, CVSI, TLRY, WEED and others did not "to the moon" along with the rest, especially the lower tiered stocks, such as CBD beer companies and rocky mountain hemp miners with "water rights".
https://investorshub.advfn.com/cannabis-stocks/
Which one, if any, is on the moon, or even close?
No, what happened is the lock on the gates was quickly intercepted by the FDA, who is now the overall authority on CBD hemp, the fastest growing sector in the world.
At the same time, Congress explicitly preserved the FDA’s current authority to regulate products containing cannabis or cannabis-derived compounds under the Federal Food, Drug, and Cosmetic Act (FD&C Act) and section 351 of the Public Health Service Act. In doing so, Congress recognized the agency’s important public health role with respect to all the products it regulates. This allows the FDA to continue enforcing the law to protect patients and the public while also providing potential regulatory pathways, to the extent permitted by law, for products containing cannabis and cannabis-derived compounds.
https://www.fda.gov/news-events/press-announcements/statement-fda-commissioner-scott-gottlieb-md-new-steps-advance-agencys-continued-evaluation
None-the-less, the industry continues to grow (literally and figuratively) and soon the FDA will weigh-in once again. Once the FDA gives the green-light, companies like Coca-Cola, Ben N' Jerries, Nestle, Bayer, Philip Morris and hundreds more all over the world will have the opportunity to stock their goods all over the shelves across America, the global leader in hemp-based goods consumption.
In time, good sir. In time.
Hemp Inc in three states, coast-to-coast, making a solid presence amongst hundreds of farmers. Oh, and they still have the largest decorticator in the western hemisphere, among other revenue generating ASSETS.
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