The latter is already occurring; but the problem for MSOs is a matter of transporting across state lines and International borders (for cannabis/thc and hemp/cbd). So, it's my understanding that US based MSOs can only cultivate/produce/distribute within that state only. I believe that hemp/cbd is a little different for research/medical purposes?
And, w/ CGC....they are dancing around "legalisation". It's been awhile since I've looked at Constellation, but have they produced CBD beverages that is already being sold in USA or no? Competitors are already selling cbd and/or THC beverages in USA on a limited basis - and again, I think that they are doing that because the Federal government is looking the other way....for the time being - which, as in politics - can change on a dime. That's where Legalization federally, rescheduling/reclassifying MJ/thc, and banking are all important - and intertwined.
What do you mean can't bring them in over $65 usd? I believe they have warrants that expire in 2023 for price of $39 usd that they can always use, and more warrants at around $60 usd besides the vwap ones...