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Posted On: 01/04/2018 10:56:38 AM
Post# of 75061
Re: mighty quinn #40993
Lenience toward marijuana creates a more favorable context for CBD market expansion. Thus there is a certain relevance here. However, Adirondack is right in saying the sell-off is mostly based on fuzzy thinking. Like he says, RMHB is not in the marijuana business.
IMHO there are two points to bear in mind here (besides the obvious fact that CBD is not THC):
1. Mexico is legalizing marijuana. We're going gangbusters into Mexico.
2. Sessions is walking into a powerful wind. With his aversion to marijuana, he's a member of a rapidly dying breed. He may manage to create marketplace uncertainty for a coupla years, but legal pot is coming our way. Reason #1: The cultural winds have shifted. Reason #2: States need the tax revenue desperately. This is a losing battle that he's fighting.
If RMHB delivers on its promises (CBD market leadership, water expansion, a cost-effective strategic acquisition), Sessions' woeful little play will be of no consequence whatever.
IMHO there are two points to bear in mind here (besides the obvious fact that CBD is not THC):
1. Mexico is legalizing marijuana. We're going gangbusters into Mexico.
2. Sessions is walking into a powerful wind. With his aversion to marijuana, he's a member of a rapidly dying breed. He may manage to create marketplace uncertainty for a coupla years, but legal pot is coming our way. Reason #1: The cultural winds have shifted. Reason #2: States need the tax revenue desperately. This is a losing battle that he's fighting.
If RMHB delivers on its promises (CBD market leadership, water expansion, a cost-effective strategic acquisition), Sessions' woeful little play will be of no consequence whatever.
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