It’s time to change our perceptions about the South as a holdout when it comes to legal cannabis. Here’s an inside look at what’s happening today, and how it could change your life forever.

The American South has long been considered a holdout in the changing landscape of cannabis acceptance.

When California became the first state to legalize medical marijuana back in 1996, the south was safely removed on the opposite coast.

And when Colorado voters passed Amendment 64 in 2012, leading to legal adult-use cannabis at the beginning of 2014, the divide – both geographic and political – didn’t feel any smaller.

As states in the Northeast continue to fall like dominoes, with states like New York and New Jersey jockeying for first place in the race toward full legalization, Dixieland has stood resolute.

Until recently, that is.

With a majority of Republican voters now in support of legalization, longstanding notions about cannabis in these deep red states must be reexamined.

Missing the changes happening right now in the South could mean missing out on the opportunity of a lifetime .

Here’s an inside look at the significant advances occurring in the U.S. South today…

“Simply the Right Thing to Do”

Georgia House and Senate members have just approved House Bill 324, a medical marijuana reform measure focused on low-THC cannabis oil.

The bill, known as Georgia’s Hope Act, will close loopholes created from a previous act that essentially allowed the use of low-THC cannabis oil for certain medical conditions, but not the growing or selling of the plants nor possession of the oil in the state.

Under the new law, the “production, manufacturing, and dispensing” of low-THC cannabis oil will be legal, as will possession and use for qualified medical patients.

Republican Governor Brian Kemp has already stated his intent to sign the bill into the law. “[The bill] is carefully crafted to provide access to medical cannabis oil to those in need,” he said. “This is simply the right thing to do.”

The introduction of this medical program would bring the total number of states with legal cannabis to 34. Trailblazing states are a thing of the past, and the stragglers are starting to play catch up – stragglers like this next state.

Catching Up with the Times

On Friday, Texas removed hemp from its list of controlled substances.

The marijuana industry has already completed its first monumental strides… but according to this recent announcement, this was only the beginning. In fact, there could be an entirely new wave of millionaires minted virtually overnight. This rare occasion doesn’t happen often – so take this as a final warning. Just click here for the full story.

This move brings the state up to date with the rest of the country. While the 2018 Farm Bill federally legalized hemp in December, the substance remained illegal at the state level in Texas.

Some uncertainty about the legality of hemp products in the Lone Star State remains, but this declassification is a huge step in the right direction for a state thought of as the biggest hemp holdout.

Expect to see continued pressure to fully legalize hemp products in the state. Remember what Whole Foods CEO John Mackey said last month about his Austin-based chain: “If cannabis is ever passed in Texas, chances are good that grocery stores will be selling that, too.”

And once Whole Food begins offering cannabis-based products in its stores, other national chains will follow suit. There is too much money at stake for Texas to continue dragging its feet.

Along with these inevitabilities, though, we’re going to continue to see some surprises.

The Biggest Surprise

When the 18th Amendment was repealed in 1933, ending the federal prohibition on alcohol, states could still choose to keep booze illegal. The last state to rid itself of its temperance laws was Mississippi over three decades later in 1966.

With that history, the idea that the Magnolia State could legalize cannabis anytime soon is a bit of a shock.

But it’s looking increasingly likely that Mississippi voters will see a medical marijuana ballot measure when they go to the polls next November. Volunteers have already collected nearly all the signatures legally required to put the measure in front of voters.

What’s more, a recent survey found that over two thirds of Mississippians are in favor of legalizing medicinal cannabis. If those numbers hold, medicinal cannabis is a lock.

And those are hardly the only Southern states making moves toward cannabis reform.

Elsewhere in Dixie

Virginia is continuing to expand its medical program, and later this year, the state will see its first five medical dispensaries.

A South Carolina version of a “Compassionate Care Act” passed a subcommittee vote and is currently under consideration by state lawmakers. The vote may be pushed to next year, but Chairwoman Janel Ralph of the Compassionate South Carolina lobbying group believes “we’re closer than we’ve ever been” to seeing medical marijuana in the Palmetto State.

A similar bill is awaiting consideration in Tennessee – one that would even allow doctors to prescribe smokable cannabis, where many other conservative states allow only oils. There are two versions of the bill – one in the House and one in the Senate – and both are sponsored by Republicans. This bill is the natural next step for a state with a robust hemp industry, just like its neighbors in Kentucky.

With the cannabis industry challenging so many norms, investors must move beyond traditional thinking. Legal cannabis is the future of this nation, and that will include the South, too.

Make sure you know how to position yourself to stay ahead of these moves. Getting in on the right company now could create a fortune for you unlike anything we’ve ever seen.


Greg Miller

Executive Director, National Institute for Cannabis Investors

P.S. The prohibition of cannabis is quickly becoming a thing of the past in modern America. But within this million-dollar opportunity also lie nearly a million different hitters in the game – making it nearly impossible to identify the winners from the wannabes. That’s why we’ve done the heavy lifting for you – and narrowed it down to four pot stocks with MASSIVE upward potential…


Comments

12 responses to “Huge Steps for Cannabis in the American South”

  1. Take this to the bank Texas my home state will be just as big a market as California. whoever establishes the biggest footprint and captures the biggest market share in the state of Texas will crush it for their shareholders; just watch harvest health and recreation is going down that path. Dude they really want to be the biggest and establishing a dominant Texas footprint will finish them off as being the absolute biggest where they can never actually get caught by anybody else. Texas will be just as big as California if not even bigger dude trust me Texas is huge!!

    • Check out http://www.texasmarijuanapolicy.org for the latest update on the legislative inaction by Lt. Governor Dan Patrick who is blocking two bills approved by Congress from going to the TX Senate for a vote. in two weeks they adjourn until 2021. They did the same thing in 2017, run out the clock refusing to vote on any Cannabis issues thwarting Texans rights to freedom.

  2. I live in the Dallas area and agree with you 100%. There’s a reason they say “Everything is Big in Texas”.

    • Don’t quite know what you mean. CBD is only allowed right now but sooner than later MJ will be legal in the state.

  3. I live in N.C. and I think it will be a while before its legal here, I hope I’m wrong but I don’t think so.

  4. Village Farms, Cansortium, and Surterra (private co) are the first to have limited grow farms in Texas. To be clear, none of these 3 companies have any sort of first mover advantage as CBD and MJ illegal in the great state of Texas. A giant MSO such as Harvest Health and Recreation, Cresco Labs, Curaleaf, and Green Thumb Industries will establish footprints in the nations biggest and most populous state. The reality is whoever establishes a dominant footprint in Texas, will be dominant; Harvest Health and Recreation is quickly moving toward the great state of Texas as they are big enough and closer than any other TIER 1 US MSO proximity wise to Texas. Arizona and Texas are less than 180 miles apart. There is a natural progression, trends, and other economic indicators in the cannabis space that connect Texas and Harvest Health and Recreation of Arizona with one another!!!!

  5. I don’t know why M thinking Walmart when it comes to Harvest Health and Recreation. Giants have alot in common

  6. I am an Elite Lifetime member, a 100% believer in the use and
    merits of Cannabis. I joined the very first day of the launch.
    NICI is the best thing that the USA group of investors, has
    ever done in HISTORY. I discovered cannabis in 1968.
    I own 241 shares spread over 9 stocks. Not much, but its
    a start, and although my stocks have been up and down,
    I am still ahead and in the black. I do own HARV and have
    visited their dispensary in Scottsdale, AZ. Nice layout and
    operation, with friendly, knowledgeable folks.Check out their website, nice facilities, good products, fair prices.
    I also am a MMJ patient now into my 8th year, and use a
    local dispensary in Fountain Hills, AZ called Nature’s Medicines, main store in Phoenix. Private so far, but if you check their website, they have now expanded into several other Eastern states, MI, PA, MD, MA, et al, growing like crazy.
    I wish that Greg and crew would research this outfit, to see
    if my prediction will materialize, like A SURE THING.
    420 is only 6 days away. Our National Holiday, Party On!
    Wouldn’t it be fun to have a local investment club in my area?

  7. Is there a way some one with a low income could find a way to make some money in this with out needing a big bank roll?

  8. Texas Lt. Governor Dan Patrick and the rest of the Prohibition Prison Cartel refuse to allow HB 63 which decriminalizes an OZ of Cannabis as well as HB 1365 Medical CBD expansion to the Senate for a vote. In two weeks they adjourn for two years until the next session in 2021.
    There is no money in freedom and the PPC pays our racketeering extortionist politicians big $ to continue waging their unconstitutional, illegal war upon We the People.

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