Why This Marijuana Stock Jumped 19% in May
What: Ahead of important data that may add conviction to the use of marijuana to treat epilepsy patients, shares in GW Pharmaceuticals plc (NASDAQ:GWPH) soared 18.7% last month, according to S&P Global Market Intelligence.
So what: No public company has focused as much money and attention on proving the medical benefits of marijuana than GW Pharmaceuticals. The company has been knee-deep in the study of marijuana cannabinoids as medicine since the 1990s.
Up until this year, however, the company's research has fallen mostly short in its attempts to prove the link between marijuana and better patient outcomes. Last year alone, studies evaluating the use of THC in cancer pain and schizophrenia failed.
Green bud nuggets begin to show purple hues as they mature on Granddaddy Purple cannabis plants. This all-Indica marijuana strain is known worldwide for its many phenotypes that include Grape Ape, Grandaddy Grape Ape and Purple Erkel to name just a few. The strain hails from the Northern Californian hills as it has for more than 20 years. It grows very well indoors, either in water, air or soil. It has a predisposition to be short in bushy, as Indicas will. A euphoric effect about the same as the Purple Urkle is produced, a devastating Indica. This is a great night time strain because it%u2019s such a heavy indica buzz, with a very pleasant upper head body and warmth buzz which fades into droopy red eyes, munchies and complete pain relief and sedation.
A Growing Trend: Cultivating Marijuana For Personal Fulfillment
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