The time to buy stock in\u00a0GW Pharmaceuticals, the UK-based company that produces FDA-approved cannabinoid-based medicines to treat epilepsy and other diseases, was in late 2014, when shares in the company were trading at around $80.<\/p>\n
Or maybe it was late 2016, when share prices were closer to $40. Or better yet, way, way back in 2013, when nobody knew\u00a0who the company was\u00a0or whether its medicine would work or whether this whole marijuana legalization thing was a good idea at all\u2026 nobody but the very smart investors who scooped up shares in the company for under $10.<\/p>\n
But for latecomers to the cannabis stock game, 2018 was certainly far from the ideal time to pick up shares from GW<\/a>. \u201cMad Money\u201d-fueled cannabis-stock fever catapulted shares in GW to above $150, only for the infatuation to cool off, the mob to move onto the next shiny thing and shares to tumble below $100 again. But it\u2019s not all bad news: GW stock and the accompanying rollercoaster ride are actually worth investing in, according to one America\u2019s main investment banks,\u00a0which last week bought into GW Pharm in a big way<\/a>: On Wednesday, Cory Kasimov, an analyst with JP Morgan, predicted the stock is undervalued by 32 percent.<\/p>\n This prediction is noteworthy for two reasons. One, it\u2019s good news for what used to be the biggest blue-chip stock in the marijuana sector, at least before Canada entered the fray and before legacy companies like\u00a0tobacco giant<\/a>\u00a0Altria and\u00a0alcohol behemoths<\/a>\u00a0Constellation Brands and Molson Coors made marijuana moves. And two, even though GW is not a marijuana company per se, having the imprimatur of very big banks like JP Morgan is a significant step forward for cannabis-related stocks which, not long ago at all, were treated like toxic properties by skeptical and leery institutional investors.<\/p>\n \u201cIn our view, [GW] is a clear leader in the field of cannabinoid science and drug development, now with two regulatory approvals (Epidiolex<\/a>\u00a0and Sativex) under its belt, a respectable pipeline of additional assets across an array of therapeutic indications, and a proprietary research\/manufacturing platform that should enable it to sustain further growth,\u201d Kasimov wrote in a note to investors, according to MarketWatch.<\/p>\n Until now, probably the most significant endorsement for the marijuana sector from traditional finance was from\u00a0Cowen<\/a>. Like JP Morgan, Cowen is a New York-based investment bank. Unlike Cowen, JP Morgan is the America\u2019s biggest bank by assets managed, with a stock price nearly 10 times higher.<\/p>\n In marking GW Pharmaceuticals as undervalued, JP Morgan isn\u2019t breaking any paradigms. The bet may even be off. We still don\u2019t really know if GW has more patented medicines coming along, or what the market is for its current lineup, which is (frankly) limited. But the important takeaway here is the news is that very big legacy banks are finally realizing what those early GW buyers have known for years: invest in cannabis companies now and expect to see green in the long run.<\/p>\n TELL US<\/b>, do you plan on investing in cannabis stocks?<\/p>\n The post JP Morgan Jumps Onto Marijuana Stock Bandwagon with GW Pharmaceuticals<\/a> appeared first on Cannabis Now<\/a>.<\/p>\n
The time to buy stock in\u00a0GW Pharmaceuticals, the UK-based company that produces FDA-approved cannabinoid-based medicines to treat epilepsy and other diseases, was in late 2014, when shares in the company were trading at around $80. Or maybe it was late 2016, when share prices were closer to $40. Or betterContinue Reading<\/a><\/span><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[50,4970,170,3156,3157,7016,7017,4613],"tags":[],"_links":{"self":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/31962"}],"collection":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/comments?post=31962"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/31962\/revisions"}],"predecessor-version":[{"id":31963,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/31962\/revisions\/31963"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=31962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=31962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=31962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}One Small Step for GW, One Giant Leap for Cannabis-Related Stocks<\/h4>\n
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\nRead More: JP Morgan Jumps Onto Marijuana Stock Bandwagon with GW Pharmaceuticals<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"