Everybody will be looking to invest in hemp products once hemp is federally legalized later this Summer
But even before the day it is legalized, as we move through the Spring and draw closer to its legalization, media attention will continue to increase and many new investors will discover that hemp is investable
But similar to MJ stocks (aside from a handful of pharmaceutical plays on the Nasdaq), the only way to gain investment exposure to hemp is on the OTC
There are a huge number of MJ stocks -- over 250 in fact
Yet despite this abundance of cannabis stocks, whenever there is a mania, a large majority of these stocks go on tears, and a smaller minority experience epic runups
There are less than a dozen legitimate hemp stocks with products, and on closer examination, only a handful are even worthy of potential investment -- so due to the much smaller sample size, in a Hemp Mania the gains have the potential to be truly astronomical
I looked very closely at all of the hemp stocks last year, and VATE was the best one when taking into account predictive factors that determine the extent of % gains inside of a mania
The masses will pour into VATE the day after hemp is legalized, and for weeks and months afterwards -- I like to get in before the crowd
Check out my track record in the last mania we saw in the MJ sector during 2016
I strongly believe the SUPERMANIA in 2018 will be in Hemp/CBD beverages
VATE is the best stock in this subsector, for reasons I have outlined in many of my posts on this board, as well as the other one
As an aside, hemp and CBD stocks are technically cannabis stocks and therefore considered part of the MJ sector -- so they also participate in any MJ sector manias as well
The same cannot necessarily be said for MJ stocks during a Hemp mania -- we haven't had one yet so we don't know for sure, but it is certainly preferable to own a hemp stock during a hemp mania
Either way, I like the idea of owning a stock that has the potential to participate in both an MJ Mania and a Hemp Mania in 2018
Vate should gap up Friday morning, then settle. Once this bill is passed by congress, Vate is going straight up.Had GR#H at .03 got Legalized in Colorado and Seattle went to $1.20. I am expecting a similar rise and have been accumulating for some time. GLTA
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