I would think there would be more problems if people go to other countries which have legalised this substance than to legalise and restrict it within the country itself unless some international organisations such as the United Nation has the power to prevent all the countries from legalising it.
Las Vegas was created out of a desert. It became big but it did not spread to other states. People from other states can visit Las Vegas if they want to for legalised gambling. This is better than seeing them travel to other countries for gambling and it also draws in tourists. Same here with marijuana - imho, the Fed may consider legalising it but restricting it to some states or if many states want it legalised, restricting it to some areas.
Imho, co should update on its clinical trial. The chewing mechanism would be one big hit if it gets FDA approval.
It will realise its full potential if marijuana is no longer a class 1 drug and if it can be used recreationally. A lot of if's. Yes, you are right to say that people would rush in to buy when the price is going up and not when the price is going downtrend.
The Fed not going after states which have legalised is, imho, probably because, out of many reasons, that is one way to reduce black market and therefore reduce crimes. But it is unthinkable that the Fed would itself legalised it because out of many reasons, by doing so may affect dollars gained from tourism and foreign students and the good clean image of the country. Therefore, marijuana would probably remain a class 1 drug for a long time to come.
That is why the stock price is depressed.
This business is lucrative and therefore there could be companies that come up but without much grounds for actual success. Remember the numerous internet companies that come up in the internet era? I think the letter meant well but it alsi put fear in investors as the industry is still in its infancy.
I guess it is only ethical to have negative feedback at this stage so that efforts are put into addressing all the problems that would follow legalization.
I don't think that is on anybody's mind. Rather, the present mj small businesses need to protect themselves from being squeezed out by the giants once this industry is legalized.
Market knows how much is at stake here once it is legalized. It is only logical that stakeholders would make sure that any legalization benefits them.
I think a lot more than 1% do care. A lot at stake. Reducing or eliminating the black market and the crimes that come with it by legalising and regulating with licensing and proper taxation, and encouraging and funding research into beneficial uses by universities and other institutions.
But of course, the co could also expand its operation to another country that fully legalises this biz before the States eventually do, and move its headquarter there and gets listed in the exchange there. Then perhaps 30 billion market cap would sound more achievable if the products sell.