Just when will RMHB move up off its backside? I do
Post# of 75358
(Total Views: 433)
Posted On: 05/16/2018 11:25:28 AM
Just when will RMHB move up off its backside? I do not know! I can tell you the slump is not just RMHB but the entire industry is being held down. It could be for a lot of reasons and maybe a combination of reasons. Some of which may have to do with the U.S. Feds approving marijuana making it legal. This will allow interstate product movement. Canadian approval of casual use was slated for July 1st and I am hearing a rumor that it has been put off till the end of summer. Mexico has an election and should be wrapped up in July. All in all nobody know the answer or I should say nobody on this board knows. The big pharmas will have a huge impact on their earnings when this is approved so they will use their influence to at least slow down the Feseral approval till they reposition themselves in the pot industry. Cannabis, hemp and CBDs are going to impact big pharmas earnings and so I suspect they will enter that market by either making their own products or buying up companies that are doing well. Its all a big guessing game at this stage and all I can tell you that makes any sense is to be patient because there are billions if not trillions of dollars at steak here.
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