Could GW Pharmaceuticals Be a Millionaire-Maker Stock?
Since its IPO in May 2013, shares of cannabis drug company GW Pharmaceuticals (NASDAQ: GWPH) have rallied by more than 1,320%. In the span of seven years, a modest investment of $10,000 would have grown to over $142,000 as of July 10. At this rate of growth, investors may be wondering, could GW Pharmaceuticals become a millionaire-maker stock?
As it turns out, not only is the company's underlying business superb, but it's on the brink of flying even higher. Indeed, the company's cannabis drugs are so powerful, they can achieve a clinical response in over 60% of patients who fail standard-of-care treatments for certain indications. Without further ado, let's take a look as to why.
Image Source: Getty Images.
Source Fool.com