Been hard to stay positive in the sector lately. Just feels like nothing will ever happen at the federal level. Good to see that they backed research recently, since the old "research" was sponsored by NIDA (National Institute on Drug Abuse)...so obviously their efforts were in proving the "drug abuse" side...but it also seems like a delay tactic to give the pharmaceutical industry a chance to get out ahead in isolating, patenting and generating single molecule based drugs. If the industry has to wait for medical proof on the botanical side...i.e. compound molecules...then that will never happen because the FDA doesnt even have an established pathway for this type development. Also hard to see the analytical firms back off coverage. My frustration is that the industry, while potentially baby-stepping forward continues to shoot itself in the foot by bad actors; whether that be the side that used the farm bill loophole to put psychoactive substances on gas station shelves, and into the hands of kids...or just watching the MSOs in space that continue to prioritize the profit side of the industry (which I get because these are corporations) over best business practices to further the industry. The money spend for constant failure and/or the continue to focus on establishing siloed markets for their own benefit...while constantly complaining about (but shielding their eyes from) the external factors driving cost compression. Between work recently...and the (perceived) never-ending cycle cannabis bullshit...I am just finding it hard to want to pay attention anymore, but I continue to convince myself that if I am feeling this way we must be at the bottom, right? When in reality, I don't think we are...just trying to remain hopeful, while sadly wishing I could fast-forward the consolidation timeline so we could get rid of most of the garbage companies that exist out there today.
