I’m not going to celebrate anything until it’s a 100% done deal
That includes Enforcement Discretion
That includes Banking
That includes Legalization
What we know right now is that Enforcement Discretion is definitely happening
There was clearly a rush put on it by the White House
And the FDA played ball
Political pressure from the 2020 elections is very real — that’s always been a core tenet of the CBD Mania theory
Now exactly how powerful is this pressure?
Enough to get banking and legalization of Pure CBD Isolate in Supplements and Foods thru Congress?
I believe it is
That being said, all we have right now are breadcrumbs
Many breadcrumbs
High quality breadcrumbs from Gottlieb and Hahn and Mitch and Miller and Canopy
Those are some serious heavy hitters right there
But they are still just breadcrumbs
In the current setting of the summer doldrums and a CBD sector so beaten down as to be nearly unrecognizable, if we are ever so fortunate to attain the holy trifecta of CBD Regulation (Enforcement Discretion), Hemp Banking and CBD Legalization (CBD Isolate), the combustibility factor is certainly commensurate with the historical threshold of a cannabis mania
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