I wouldn't say "it's too early" as much as most don't yet fully understand.
28 medical, 8 recreational. A removal/reversal of 280e will see operational numbers dramatically jump overnight. (Sure to happen, when is speculation).
De/Rescheduling is sure to occur. When, again, is speculation.
CA, NV, MA initiation of recreational sales will be a game changer. (Again, I'm long time industry veteran and was discussing this with CA groups 15 years ago).
Relating to the above, (15 yrs. ago). Nothing which is now occurring was not discussed and addressed over the last 10-15 years. We always "knew", addressed, and expected.
Actually, it has come to this point slightly quicker than many expected, and we see it possibly reaching the above milestones similarly quicker than expected due to the momentum.
Many will speak of the current administration and the uncertainty which accompanies it.
For those of us in it for the long term, this is nothing new. It moved along prior to, and will move along long after.
We have a sitting president who is the first in history to state full support of medical. (Many will reference the last administration, and the sitting president's "fun" admissions of use. This is not the same as stating "I fully support medical use".
We're 20 years in. The first 10 were "touch and go/shaky". The second 10 seemed to establish an incredible momentum, with the last 5 dramatic progress.
The next 5 (of the next 10) sure to hold equally as dramatic momentum, progress, and developments, which is seen in the most opposing states now readily considering medical, as well as a reminder, 2016 alone 9 states up for recreational votes simultaneously, 8 of 9 passing (in a single year), with coming into 2017-2018 another group preparing possible recreational measures.
We now see polling showing up to 90% supporting medical use and applications. We now have consistent mainstream media coverage of the medical benefits. We see significant polling even in support of no actions by current administration to derail. The last 5 yrs. have been quite the turnaround PR wise.
While much is still to be accomplished, as someone who has sat through the "whole game" thus far, we've reached truly a monumental time in history showing great promise moving forward.
The first 20 were hard, let me tell you ;).....(I'm one of many who had 100% compliant, extremely large operations seized and shut down over the past 20 years.
3 of them.
And we now sit entering recreational in multiple states that passed in a single year.
People should know and understand the history to fully understand where we are, and where we're going.
This also relates to companies within the space. Of course, many entered without understanding the above, as shell "pump and dumps", but, lo and behold, here we are......at $6B (underestimate btw) ready to jump to $20-$30B by 12-16 months from now...for those who actually focused on building honest, serious long term operations, it's wide open space ahead.
We are now approaching a point where such companies (investors) will indeed, find a significant reward over the next 2-3 years.