Farm Bill Impact: Alan Brochstein Addresses Effect on US Cannabis Industry

Farm Bill Impact: Alan Brochstein Addresses Effect on US Cannabis Industry

420Investor and New Cannabis Ventures Founder Alan Brochstein, CFA discusses the passage of the Farm Bill in the US Senate. Brochstein believes that when the Farm Bill is signed into law it will remove a lot of uncertainty in the cannabis space, but will likely be too early to declare individual winners and losers in the cannabis space. While he believes passing the Farm Bill is a long-term step towards federal de-prohibition, Brochstein does not think it will act as a short term catalyst for legalization. He suggests the Farm Bill is an “easier sell” because of its agricultural focus; however, full legalization is significantly more complicated in terms of creating a regulatory framework that also addresses existing state laws. He notes that the market is missing the end of year rally investors have come to expect from the cannabis sector and suggests that solid fundamentals will rule the space in 2019.

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