I’ve been listening to Jeff Booth make his case about the two different systems and for those who know what I’m talking about, I have the perfect industry to illustrate his point.
The cannabis industry, specifically industrial hemp processing I’ve been in the industry for six years, and I have literally been living every single thing that
@Jeff Booth has been saying.
It’s probably because this industry is not regulated at all. We are punished by the banks, regulated mega corporations and the government as much as possible, but nevertheless innovation proceeds. Delta8 THC is the perfect example of this. Delta9 THC has more regulations for both the consumer and the producer that it’s almost not even worth the time. So chemists in the free market figured out how to move one of the double carbon bonds over and created Delta8 THC made from industrial hemp, which has zero regulations. Now the regulators are coming for it because it’s competing with Delta9 THC.
Nevertheless, industrial Hemp has no regulations. The cost to make the products is practically nothing. This is why so many of those little CBD shops go out of business because it’s basically a race to the bottom, but this is where Jeff’s thesis shines, because once the cheapest materials are used, and the lowest prices is reached then there is a bounce of quality - people start getting educated and start looking for a product that’s better made with healthier materials and more active ingredients with benefits. they are willing to spend a little bit more. This is all because of the free market
