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Re: Jidoe post# 49877

Tuesday, 04/14/2020 12:33:55 PM

Tuesday, April 14, 2020 12:33:55 PM

Post# of 61789
The sector has enormous potential if Mitch comes through this Spring by opening up Hemp & CBD Banking through legislation attached to the Phase Four Covid-19 Economic Stimulus Bill

There is literally zero opposition to opening up Hemp Banking

So that’s going to happen

CBD Legalization is very heavily supported by the House and Democrats

We already know that Mitch will be pushing hard for this to happen — he has tied himself so tightly to the hemp industry in Kentucky that he may not get re-elected if he isn’t able to legalize CBD:

https://www.forbes.com/sites/tomangell/2020/01/10/watch-mitch-mcconnell-frolic-in-a-field-of-cannabis/#300c81e36d9a

Are there even enough Republicans in the Senate who could prevent this from happening?

Given the popularity of hemp in red states, probably not

Even if there were, would Republicans really unite against their Senate Majority Leader?

And potentially prevent Mitch from getting re-elected this November?

The probability has shifted firmly into our favor in 2020, especially due to the Covid-19 economic crisis

Trump, Mitch and the Republican Party will be doing everything they can to rev up the economy before the election, and CBD Legalization certainly fits the bill

The Democrats are ready to legalize MJ, so legalizing Hemp-derived CBD products is nothing to them

So it really comes down to the Republican Party

If it wasn’t an election year, a case can be made that it wouldn’t happen

If Covid-19 never existed, a case can be made that it wouldn’t happen

If Mitch wasn’t in such a tight race, a case can be made that it wouldn’t happen:

https://projects.fivethirtyeight.com/polls/senate/kentucky/

But we have all 3 of those pro-legalization factors in our favor

With every passing week, it is getting increasingly difficult to make a case for why Hemp & CBD Banking and CBD Legalization won’t happen in Spring 2020

So what about VATE as a company?

It’s taken awhile for Medico to get his ducks in a row, but with multiple product lines consisting of CBD Iced Tea, CBD Iced Coffee, CBD Coffee and Hemp Coffee, VATE is positioned to be a big winner in the CBD Beverage sector in 2020, especially in a post-legalization world


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