CANNAINVESTOR Magazine May / June 2017 | Page 50

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If passed, California Assembly Bill 1578 would take steps to protect the state's legal cannabis operations from being busted by federal enforcers, a scenario that new U.S. Attorney General Jefferson Sessions hinted could occur down the road. Like similar legislation being considered to create immigration "sanctuary" in certain cities for undocumented persons who live and work there, the law would restrict federal ability to interfere in local matters by commandeering local resources. To help keep federal quests to enforce cannabis' Schedule I drug-status from burdening California cops (and coffers), the law would prohibit state and local authorities from participating in certain actions without a judge's court order. According to the bill, such actions would include "using agency money, facilities, property, equipment, or personnel to assist a federal agency to investigate, detain, detect, report, or arrest a person [and/or transfer them to federal authorites] for commercial or noncommercial marijuana or medical cannabis activity that is authorized by law in the State of California."

But let’s circle back to Mr. Ritholz’s deceivingly simple question … what if? The fact is we know when alcohol prohibition ended and we know now what investments in that industry at that time would have given our descendants for generations to come untold wealth and opportunity. We do not know when federal US cannabis prohibition will end and we only know what the proposed legislation in Canada is to end prohibition not later than July 1, 2018. The May 2016 issue emphasized the need to understand and embrace not only the concept of Ecoforming and accepting the industry is a vibrant ecosystem but also to understand the consolidation curve. The consolidation curve is a necessary part of the Ecoforming process. How do you pick the winners and losers without the benefit of hindsight and historical perspective?

Each issue of CANNAINVESTOR Magazine helps connect the dots. For example, well before Heliospectra AB (OTC:HLSPY) was recognized as an Industry Technology Leader we brought to your attention that their technology was best in class. Subsequently, the share price of HSLPY increased from approximately $0.80 to a high of $2.60 in approximately two months. The share price has since retreated but the prepared Retail Investor could have timed their exit point with near pinpoint accuracy to lock in that more than 300% ROI for a two-month investment. True Leaf Medicine Inc (CSE:MJ) has seen its share price increase from $0.15 to $0.46 (more than 300%). When investors refer to CANNAINVESTOR Magazine as the Gold Standard they are referring to the forward thinking approach that turns into stellar ROI on investments as well as the fact that it is a leading source for staying on top of relevant information affecting the industry.