I agree. State acceptance is the foreseeable future. The funny thing about the cannabis industry, which we are washed up in because we are investors and follow the industry, is that their marketing campaign is solid. 67% percent of the public wants recreational, 90% are in favor of medical. Historically there are more scientific studies on cannabis than <insert drug name or condition here>. Their is the concern with the growing number of robberies due to lack of banking. Then there are countless anecdotal stories on how people used cannabis and treated a vast array of ailments. The thing is, this set of data, while it resonates well with a majority of the general public, is not exactly the 'true' story. I find it ironic that the industry relies heavily on pushing the "medicinal" side of cannabis...but they make sure to distance themselves from actual medical literature, and the growing concerns, surrounding the plant. Now I am not trying to be a naysayer, but I tend to like to understand both sides of the argument because it paints a fuller picture. The industry is moving forward...but definitely not at the speed we investors were anticipating. Almost all of the (historical) scientific research that is out there is based on low quality, low THC, cannabis flower. It is good to see that the government recently expanded the list of organizations that are allowed to provide product for current day research...as opposed to the inconsistent garbage that was previously supplied by the University of Mississippi...but I dont see how the US federal government can move forward with federal regulation without DEA grant funded research...which will come in time. Until all this high THC, and various type of products like resin, shatter, etc. can be reviewed in relation to efficacy and public safety, expect the status quo. State level movement...with the possibility of some form of banking. IMO the biggest thing to push banking would be the IRS. Them wanting to get this 'all cash' industry, an industry seeing billions annually, onto a paper trail so that it can be audited and verified that they are paying their fair share.
