I am both patient and impatient
I’m ready for these stocks to take off on a moment’s notice based on the recent warming up of the sector (before the past few days) and the cannabis-specific catalysts we still have on the calendar for the rest of 2018
That’s the impatient aspect
However, I’m also simultaneously patient due to the fact that my long term plan for this portfolio has always been the mania surrounding Hemp & CBD Legalization, which I believe will be the biggest one we’ve seen in the cannabis sector since 2014, though I expect this mania to be most specific for Hemp & CBD product stocks that sell beverages and oil
This is why VATE, SIPC and CANB were selected in the first place
Mania investing involves buying stocks when “nobody wants them” and patiently waiting for the mania to form
As opposed to being a trader and chasing momentum
Hemp & CBD Legalization isn’t just speculation anymore, it is going to happen now
The only question left is timing and form
Will The 2018 Farm Bill pass in November/December?
Will Mitch take The Hemp Farming Act of 2018 and push it through Congress as a standalone bill instead?
Will Congress federally legalize and deschedule CBD entirely now that the FDA, DEA and WHO are all recommending that CBD should be removed from the Schedule?
There are 3 different realistic legislative methods to triggering the Hemp & CBD Legalization Mania as I see it now
I love not being dependent on only one
That vastly increases the likelihood that Hemp and/or CBD Legalization will happen within the next 1-2 months
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