Cannabis has some undeniable medical benefits, to the point that there are several approved medical drugs that are derived from some of the chemical compounds (cannabinoids) in cannabis, including THC and CBD. Among them is GW Pharmaceuticals PLC- ADR (NASDAQ:GWPH)‘s Sativex, which is approved in several countries for the treatment of pain, as well as AbbVie Inc (NYSE:ABBV)‘s Marinol, which has been approved in the U.S and Canada for the treatment of nausea and vomiting, as well as for appetite stimulation in AIDS patients. Insidermonkey experts made a article on 12 health benefits of medical marijuana according to publicly traded weed companies.
It should be noted that some of these companies are taking a risk by stepping into the marijuana distribution realm. While the drug has been approved for medical use in 28 states and DC, and for recreational use in 8 states (though some of those laws don’t go into effect until January 1, 2018), it is still illegal according to the Federal government and could be subject to lifetime imprisonment and fines of up to $50 million. Now check our list if your country ranks as one of the ten that consume the most marijuana.