A CBS poll of Americans just last month found that 56% of voters believe marijuana use should be legal. Instead of investing in volatile and illiquid OTC-traded marijuana stocks, consider creative alternatives GW Pharmaceuticals PLC- ADR (GWPH), 22nd Century Group Inc (XXII) and Altria Group Inc (MO).
G.W. Pharmaceuticals (GWPH)
Wall Street typically shuns most of the OTC-listed marijuana stocks. But GWPH is actually covered by several major firms, including Morgan Stanley, Leerink Partners and ROTH Capital.
Instead of focusing on growing and selling marijuana, GWPH is exploring potential medicinal applications of marijuana. GWPH’s lead drug, Sativex, is already approved to treat spasticity due to multiple sclerosis in 27 countries around the world. Sativex is also currently in Phase III trials for use to treat advanced cancer pain.
In March, GWPH reported positive Phase III data on another drug, Epidiolex, which is being tested for treatment of Davet syndrome associated with childhood epilepsy.
GWPH trades on the Nasdaq exchange and has a robust pipeline of drug candidates. Best of all, GWPH investors can profit off of the power of marijuana without relying on federal laws to change.
While most OTC-listed marijuana stocks have been tanking, GWPH stock is up 34% in 2016.
22nd Century Group (XXII)
GWPH may not care…
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