I agree with you olivernoyes. In addition, the only states pushing interstate commerce are the ones with glut: California and Oregon, mainly. They need IC in order for their industries to thrive because they are producing more than what is being consumed within their state. I think that the next logical, govt, step is to continue to focus on the research side of things. Regardless of how much research is already documented throughout the course of history (including all the govt funded studies that were done in Israel) the govt does not value the results. They will need to see University granted, federally funded/sponsored research. The catch-22 is that Universities cannot bring the product on campus due to its scheduling status. Cannabis will need rescheduled or they will need bills passed to allow the testing to commence. The House or Senate recently passed a research bill, which sounded like a great step forward, but I heard that the representative of Iowa forced them to change the bill so that the University of Mississippi remains the sole supplier of the product to be tested/researched. This is a step backwards, or at the very least a side step, because the University of Mississippi has been known for garbage quality product. What needs to be tested is the product that can be purchased at dispensaries...and the various forms. I agree tat decriminalization is not the same as legalization. Maybe we see some form of banking along with the HOPE Act. Most low level cannabis offenses are at the state level. The same cannot be said about the federal level incarcerations. In terms of the federal legalization of cannabis, I cant see a decision happening until there is 'adequate', and current, scientific research. Until then the industry will limp forward...or at best...baby step. That is why it is critical, as an investor, to know what you own.
