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Home 🌿 Marijuana Business News 🌿 This Marijuana Stock Is Up 1187% -- Is There More Room to Run? 🌿

This Marijuana Stock Is Up 1187% -- Is There More Room to Run?

Submitted by Marijuana News on Tue, 12/20/2016 - 08:53

Shares in marijuana medicine-maker GW Pharmaceuticals plc (NASDAQ: GWPH) have been on a tear. From the end of May 2013, when the company's shares first began trading on the Nasdaq, through Friday, its shares have skyrocketed 1,187%. For perspective, a $10,000 investment in GW Pharmaceuticals made back then would be worth an eye-popping $128,730 today.

Is this medical marijuana company just getting started, or is the party about to come to an end?

Some background

Marijuana advocates have been cheering empirical evidence of marijuana's benefits as medicine for a while, but the medical marijuana movement has really heated up over the past 10 years.

Pro-pot policymakers have passed laws in 29 states allowing marijuana possession -- in some form -- for medical use, and thanks to the trend, the medical marijuana market is worth billions of dollars annually.

The lion's share of that market is currently controlled by state-licensed dispensaries...

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