This article is an adapted version of the Cannabis Confidential newsletter originally published here: FUBAR or Not FUBAR? The views expressed in this article are solely those of the author.
We’re publishing this adapted version this weekend, given the continued confusion around the recent intoxicating hemp ban and the read-through for the industry writ large.
Cannabis stocks have been trading as if the recent news was proof positive that the GOP hates weed and Prohibition 3.0 is upon us. I get it, of course, particularly after Mitch McConnell did Mitch McConnell-type things on his way out to pasture.
It’s true that bad actors ruined it for everyone, with crime rings and cartels growing on federal land (likely why the recent enforcement was announced) and moving product in plain sight, given the uneven federal landscape and legal gray zone.
There is pesticide-infected weed sold at gas stations and convenience stores.
Cannabis is being shipped throughout the country and relabeled as hemp.
Chemical-infused gummies are being marketed to children.
I can tell you from my conversations with Derek Maltz Sr., the former acting head of the DEA and a man I’m fortunate to call a friend, that he believes the CCP is ‘poisoning our children in plain sight,’ using the obfuscation between hemp and cannabis to hide in the open.
So yes, we needed to tear policy down to the studs and start over—but that’s not as bad as it sounds and it might be a lot better than most people currently think.
Lemme ‘Splain, Lucy
It may not feel like it, but the hemp ban might be the best thing that’s ever happened to the cannabis industry. Average, ordinary, everyday citizens are SUPER-PISSED and rightfully so. The regulated space is angry too, but we’re used …
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Author: Todd Harrison / High Times
