Replies to post #46678 on Branded Legacy Inc (BLEG)

[Rick_Sanchez]

It's a good question and it's one that a lot of people have been asking, for a long time. Just talk over to the folks at NORML - they've been pushing Marijuana reform since 1970! And we've only seen REAL movement in that space in the last 5-10 years.

I think in regards to VATE - it's a two pronged answer.

First - specifically to Hemp and CBD, there is the legislative issue and the education issue. Both are moving in the right direction, but as I mentioned with NORML, it really takes time to get studies funded, published, and have that information circulate to the masses. It got kick started with recent legislation and it's moving that way, but it takes time - usually more than we'd like. Not only is the education / legislation to get the benefits of Hemp & CBD, but then its the banking regulations for companies that want to operate in that space.

Secondly - when it comes to companies to invest in and stock interest .. there are quite literally HUNDREDS of different companies out there, some private, some public, that are in the Hemp / CBD space. It's very difficult for the common investor to separate through the junk, to find the rare diamonds in the rough - that are trying to differentiate themselves from the rest of the heard. Also, I think the overwhelming majority of the investing public are scared of investing in the OTC space - due to the obvious risks. Most people will wait until a company makes it do a Nasdaq or equivalent listing - as meeting the requirements for those exchanges puts confidence in the financials published.

As a quick aside - I have a friend who recently started working for CuraLeaf. CuraLeaf is in the Marijuana Dispensary business- they make acquisitions from grow operations through retail stores. Their BIGGEST problem is banking. I was told that ADP (one of the largest payroll companies in the US) dropped them as a customer, as they did not want to take the risk of government action. This forced CuraLeaf to do payroll in house, which is a massive expense. We need more of these regulatory type issues settled to really see the market place normalize itself.

[sleekscape]

Thanks for the kind words

I think the main reason is because Congress has been quiet as a mouse all year long, so the FDA is the only agency speaking — it’s been a one-sided public dialogue thus far

Until the vaping crisis hit, the FDA was treating the CBD industry with kid gloves — they were very hands off

So Congress was content to be patient and allow the USDA and FDA to develop regulations

Then Congress reamed out the FDA for several months straight after the vaping crisis hit in September

Because vapes and e-cigs have been federally legal for a long time now, yet the FDA never developed a regulatory framework around them, thus allowing for the proliferation of black market vaping products that aren’t produced under any regulations, aren’t tested for contaminants, etc

Sounds familiar, right?

Because the FDA made the exact same mistake with the CBD industry, which has existed for the past 7 years or so

So the FDA allowed an unregulated e-cig and vaping device marketplace to spiral out of control, and Congress rightly proclaimed to the FDA that “the blood is on your hands”

The FDA was left with little choice but to put out an alarmist warning about the potential safety issues in he unregulated CBD industry — this was a cover your @ss move

Now it’s Congress’ turn to legalize, so that the FDA can develop regulations

Because why would the FDA develop regulations for federally illegal products?

That makes zero sense

Because there is no need to rally public support for the legalization of CBD Food & Beverage products, it also makes sense for Congress to keep their heads down and attach CBD legislation to the end of year funding bills, which are predominantly formed by Party leadership

Both Mitch and Chuck are diehard Hemp & CBD industry supporters

CBD Product Legalization has strong bipartisan support — that was always the Congressional intent of Federal Hemp Legalization

Everybody knows that CBD, not fiber, was the driving force behind Federal Hemp Legalization in Dec 2018

CBD Foods, Drinks and Supplements — not rope or hempcrete

We will all find out next week if Jonathan Miller is right about Congress’ intent to utilize the year-end Agriculture Appropriations Bill to legalize CBD in Foods and Dietary Supplements

He wasn’t the first to bring this up, either — just the first to confirm that this was the plan

The chatter about making “CBD” exempt from the drug exclusion clause in the FDCA, thereby legalizing CBD in Foods and Supplements, actually started to gain steam in October


Sleek