In my investment life, I’ve seen this paradigm play out many times so I may be particularly well-suited to navigating the emotional aspects of it without taking my eye off the ball
We aren’t facing Nolan Ryan here
The pitcher is a minor league washout and the hitters coming up are a lineup of Hall of Famers
This ball is going to be hit out of the park in 2019 and probably pretty soon at that
Here are 2 facts that allow me to keep my eye on the ball:
From the very highest levels of the federal government — I’d say Mitch is in that echelon — the order was given to legalize hemp
And without a single vote required to attach Hemp Legalization onto The 2018 Farm Bill, in less than 6 months, a federally illegal Schedule I “Drug” — Hemp — that was federally prohibited for the past 81 years — was not just merely legalized
It was legalized to such an extent that it went from being a Schedule I Drug viewed as the devil by the DEA, to an agricultural crop under the auspices of the USDA that was completely removed from the Schedule of Controlled Substances
This happened because both the FDA and the DEA gave Mitch the approval to do so
The FDA and the DEA also gave Mitch the approval to include Hemp-derived CBD in the definition of Hemp — otherwise, Grassley’s amendment to remove CBD from this definition would have been far more seriously entertained
So inactuality, while we call it Hemp Legalization, in closed door meetings taking place in Washington D.C. during 2018, it was referred to as Hemp-CBD Legalization
The reason why Hemp Legalization happened so swiftly and completely in 2018 is not because there is a sky-high demand on the part of clothing companies to sell hemp sweaters
The amount of money to be made from selling CBD as a health & wellness product and a consumable product is truly gargantuan
And in a capitalistic country like America, money makes things happen
And happen fast
In this case, it happened in only 6 months without a single vote required
In the first time in the history of cannabis in America, the DEA has been soundly defeated
Does any rationally-minded person really believe that the reason why this series of incredible events unfolded in this fashion was because Americans (and international markets) are clamoring to use Hemp fiber as a structural component?
The name of this game is Hemp-CBD and the subsectors that are generating the demand for it are medical/wellness and beverages
THE 2019 GRAND SALAMI
VATE
SIPC
CANB
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