As much as I would love to believe that the 2 bills filed Friday by Rep. Jared Polis of Colorado and Rep. Earl Blumenauer are the beginning of the end of marijuana prohibition on a federal level, unfortunately I just can’t see this being the case. While I understand that prohibition’s repeal is a train that can’t be stopped and will eventually reach it’s destination… I’m not naive enough to think that it’s path will be one that goes from “Schedule 1″ to federally legal without making a few stops along the way. Think about the fact that hemp has been illegal for decades despite it being a mere cousin to marijuana which does not even get you high no matter how much you smoke or consume and you’ll understand where I’m coming from. There are too many lobbyist against pot and hemp and not enough for it- that’s the bottom line.

As an investor and host of Pot Stock Radio it would be in my best interest for federal legalization to happen. It would most likely create a pot stock run similar to if not greater than what we encountered early in 2014 when Colorado and Washington made recreational marijuana legal. That being said, I’m not drinking the Kool-Aid… at least not yet. This is however a step in the right direction, as is Oregon & Alaska going legal on the recreational side (I don’t count DC as rec. legal although decriminalization in our country’s capital city speaks volumes toward the future). I just hope people realize that we need to crawl before we walk; for marijuana to go federally legal before we can even grow hemp in all 50 states would be like running a marathon while we’re still on all fours!

Let’s just continue to follow the money. So far states like Colorado showing massive tax benefits are forcing politicians to look at what the people apparently want; still the likelihood that the next president will run on the platform of “legalization federally” is about the same as that of them using nationwide legalization of prostitution! I’m not ready to break out the champagne yet. Feel free to let me know what you think on or email me at [email protected]


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