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Posted On: 07/12/2017 12:49:38 PM
Disclaimer: I am loading up on US weed stocks right now
I think it happens in the next 6 months. I think it happens this fast because:
Epidiolex has been waiting for approval since March 14/16 and enough clinical trials have been past that approval is inevitable (last year the FDA gave its recommendation on scheduling to the DEA. DEA said they would have a position by July 2016. Never happened and more burying of the head in sand has ensued)
Vegas and its State of Emergency add to the farce that is playing out between the States and the Feds. The will of the people is not being followed by the Feds and they increasingly understand the gap between the electorate and the Feds policy.
California goes early next year. Game over.
And maybe most importantly the research that is coming out on cannabis is off the charts great in so many therapeutic areas. I'm not going to bother listing all the conditions that cannabis is showing efficacy for. So the Feds stance on cannabinoids having no medical value is increasingly at odds with the scientific community.
If this change happens I think it has to happen sooner in Trumps Presidency than later. You would not want to enact this thing later in the term and have it part of a messy election fight is my bet. You would want to do it early and get some traction and have some positivity going into the election cycle. It would also take a platform away from the Democrats who are obviously more aligned with this type of policy and would garner votes from youth and cannabis positive voters.
Bottom line: No one likes looking stupid. The Feds are looking dumber by the day and real change will happen soon. I think it now happens within 6 months...and a year at tops from today.
ps I did not even mention the dollars. This is the biggest driver for many politicians obviously. The dollars are for the back room discussion so a politician does not come off looking greedy...they need to be perceived as putting public safety above all other considerations. So it will be the medical research, FDA approval requirements and public opinion that moves the needle, but make no mistake the Benjamins are on Trumps mind.
I think it happens in the next 6 months. I think it happens this fast because:
Epidiolex has been waiting for approval since March 14/16 and enough clinical trials have been past that approval is inevitable (last year the FDA gave its recommendation on scheduling to the DEA. DEA said they would have a position by July 2016. Never happened and more burying of the head in sand has ensued)
Vegas and its State of Emergency add to the farce that is playing out between the States and the Feds. The will of the people is not being followed by the Feds and they increasingly understand the gap between the electorate and the Feds policy.
California goes early next year. Game over.
And maybe most importantly the research that is coming out on cannabis is off the charts great in so many therapeutic areas. I'm not going to bother listing all the conditions that cannabis is showing efficacy for. So the Feds stance on cannabinoids having no medical value is increasingly at odds with the scientific community.
If this change happens I think it has to happen sooner in Trumps Presidency than later. You would not want to enact this thing later in the term and have it part of a messy election fight is my bet. You would want to do it early and get some traction and have some positivity going into the election cycle. It would also take a platform away from the Democrats who are obviously more aligned with this type of policy and would garner votes from youth and cannabis positive voters.
Bottom line: No one likes looking stupid. The Feds are looking dumber by the day and real change will happen soon. I think it now happens within 6 months...and a year at tops from today.
ps I did not even mention the dollars. This is the biggest driver for many politicians obviously. The dollars are for the back room discussion so a politician does not come off looking greedy...they need to be perceived as putting public safety above all other considerations. So it will be the medical research, FDA approval requirements and public opinion that moves the needle, but make no mistake the Benjamins are on Trumps mind.
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