$DIRV States like Colorado and California have lic

$DIRV States like Colorado and California have licensed recreational dispensaries and 'smoke houses', generating huge tax revenue, other states are taking it 'slowly'. Part of the issue has been this 'confusion' or 'misunderstanding' the differences between hemp and marijuana. As a result, the US ended up with both plants being on the Schedule I of controlled substances. The differences have finally begun to break this incorrect stigma with regulators approving the 2018 Farm Bill, removing Hemp from the list, making it legal across the country. Just the expectations of the bill being put before congress was enough to spark the hemp industry, causing a massive spike across the country of growers requesting licenses or petitioning their states to allow farming of hemp.

Then we have countries like Canada that went to the other end of the spectrum, legalizing recreational marijuana use across the country. This of course caused a significant supply problem for both recreational and medical use of the plants. A recent article in Barron's (The Great Marijuana Shortage Shows No Signs of Letting Up) discusses this issue at length. Companies have been scrambling to increase supply via expansion as well as acquisition of existing farming and production facilities.

Consider all my posts my opinion and not advice to buy or sell anything. I post on stocks I own or am considering owning. Do your own DD!