That’s how long Hester Burkhalter, a 69-year-old great grandmother from North Carolina, spent in a Florida jail cell in April.
How did Hester end up in the slammer?
Cops arrested her at Disney World. Security guards there said they found a vial of CBD oil in her purse.
CBD is one of the 113 known chemical compounds (cannabinoids) in cannabis that react with receptors in our nervous and immune systems.
But it doesn’t make you “high,” like the more popular (and highly demonized) cannabinoid THC. And as we’ve been showing you, CBD has been used to treat pain and inflammation for millennia.
“I have really bad arthritis in my legs, in my arms, and in my shoulder,” Hester explained to Orlando’s local Fox affiliate after her ordeal. “I use CBD oil for the pain because it helps.”
Even the cops don’t seem to know what’s going on.
You see, CBD is now fully legal nationwide. That makes it different from THC, which is legal in some form in 33 states, plus Washington, D.C., but illegal at the federal level.
And as we’ve been telling you, this opens up a rare opportunity to get into an exploding new industry on the ground floor.
So far, the pot stocks my colleague Nick Giambruno has recommended to our Crisis Investing readers are up as much as 667% in less than two years.
As you’ll learn today, CBD is about to unlock a new wave of pot profits. And it could be even more rewarding.
Hemp is a close cousin of the cannabis plant that gets you “high.” But it contains about twice the level of CBD and only trace amounts of THC.
And hemp is as American as apple pie.
In the early 17th century, settlers in Jamestown grew hemp fibers to make ropes, sails, and clothing.
In 1776, the Founding Fathers signed the Declaration of Independence on paper made from hemp.
Later, President Lincoln used oil from hemp seeds to power the lamps in his home.
And the pioneers rode out west in Conestoga wagons covered with hemp canvas. (The word “canvas” comes from the Latin word for hemp.)
Pioneers rode west in hemp-covered Conestoga wagons
But in 1937, that all changed.
That’s when President Roosevelt signed into law the Marihuana Tax Act. It effectively outlawed all forms of cannabis – including hemp. And it ended hemp farming in America for the first time in centuries.
The nation’s leaders called on patriotic American farmers to grow hemp to make rope for the U.S. Navy.
This was after the U.S. declared war on Japan in 1941. And the U.S. Navy faced a shortage of Manila hemp imports needed for ship rigging.
In 1942, the USDA (U.S. Department of Agriculture) even put out a propaganda movie, Hemp for Victory!
Its aim was to persuade farmers to grow the plant again. (You can watch a clip here.)
The movie was a success. American farmers planted 400,000 acres of hemp to make “Made in America” fibers to service the war effort.
But after the war, the feds drove hemp back into the shadows, since it was no longer needed to further their agenda. And hemp all but vanished from American farms.
Congress passed the 2018 U.S. Farm Bill with bipartisan support. And last December, President Trump signed it into law.
It legalized hemp farming in America again. And after the bill passed, the feds removed CBD from the list of Schedule I controlled substances.
This gives CBD more legal clarity in the U.S. than THC. And as Nick has been telling his readers, it’s another opportunity to profit from the legal cannabis megatrend. Nick…
We’re seeing breakthroughs with medical CBD. And those are hugely important. But today, there are an estimated 25,000 non-medical hemp products. It can be used in food and drinks, cosmetics, nutritional supplements, clothing, textiles, paper, and insulation materials… to name just a few.
In fact, before legalization, we bought $700 million worth of hemp-based goods in the U.S. every year. These products were made with hemp imported from China and Canada, where the plant has been legal since 1998.
It was one of those odd legal loopholes that didn’t make any sense. Nick again…
You couldn’t grow hemp in the U.S. But you could import certain parts of the hemp plant that aren’t illegal. In other words, the U.S. was needlessly subsidizing foreigners… not exactly an “America First” deal.
Now, hemp is legal again in the U.S. And the applications for this crop greatly exceed those of regular cannabis. The potential upside is almost impossible to calculate.
Over the past three months, Teeka Tiwari has been jetting across the Americas. His mission: to find out as much about the CBD market as possible.
Here’s a shot of Teeka – or “Big T,” as his readers call him – in Colombia. He was there on a visit to one of the country’s lowest-cost growers.
Teeka doing boots-on-the-ground research at a CBD facility
Teeka says his trip left him convinced that CBD is one of the best speculations in the world right now. Teeka…
CBD is a game changer in the field of medicine. It has no major side effects. You don’t need a prescription to buy it. And it’s remarkably versatile. You can use it in shampoos, coffees, teas, body oils, candy, shakes, dog treats, etc.
And since there aren’t any federal hurdles, well-known companies have launched… or announced their intent to launch… CBD products. They include Carl’s Jr., CVS, Heineken, Target, and Ulta Beauty.
The CBD market was less than $200 million in 2016. Some experts estimate it will top $200 billion before it matures. That’s more than 1,000x growth potential to look forward to.
Even just a small grubstake, with those kinds of returns, can create transformative wealth.
CBD and hemp are now in the fully legal category in the U.S.
But as we’ve been showing you, America’s pot laws are still a mess when it comes to the cannabis that gets you high.
That’s why we’ve been urging you to follow Nick’s advice… and invest in Canadian blue-chip pot stock Canopy Growth (CGC).
Its business is based in Canada (where pot is fully legal nationwide). But its shares are listed in New York.
And that’s the best of both worlds, if you’re a U.S. investor. You don’t have to worry about Canopy’s business operations getting snarled in Washington’s anti-pot rules. But its shares are listed on a U.S. exchange.
And Canopy has been making an aggressive push into the CBD market lately… making it a leading player there as well as in recreational cannabis.
He’s unearthed an unusual way to get in on the ground floor of the CBD market.
It’s a “sweetheart” deal, previously reserved for the wealthy. But there’s a loophole allowing ordinary investors access.
Teeka will share all the details during his free Pocket Change Millionaire Summit tomorrow night.
He’ll also share details of five small-cap stocks he believes will be the future winners in the CBD space.
Regards,
Chris Lowe
June 25, 2019
Dublin, Ireland