1 Marijuana Stock that Jim Cramer and Morgan Stanley Both Love

There are few sectors as hot right now as marijuana stocks -- click here to read our in-depth series on the industry. But even among these, GW Pharmaceuticals (NASDAQ: GWPH  ) stands above the rest.

On Monday, its stock traded for $45 per share. By Tuesday, it had shot up to $61 after Morgan Stanley upgraded it to "overweight" and gave it a $103 price target. The investment bank's thesis is that a cannabis-based drug GW Pharmaceuticals is developing could soon get approval to treat pediatric epilepsy -- to learn more about this, click here. And if that happens, in turn, Morgan Stanley predicts that the company could generate $1.35 billion in sales.

Suffice it to say, the news had the financial world atwitter. Among others, it prompted CNBC's Jim Cramer to proclaim that, "When people ask me, Jim, what marijuana stock do you like? [...] I always go with GW Pharmaceuticals. This is a real company."

But does this mean the average investor should buy stock in this high flying cannabis-focused biopharmaceutical company? In the video below, Motley Fool contributor John Maxfield shares his take.

3 stocks to own for the rest of your life
As every savvy investor knows, Warren Buffett didn't make billions by betting on half-baked stocks. He isolated his best few ideas, bet big, and rode them to riches, hardly ever selling. You deserve the same. That's why our CEO, legendary investor Tom Gardner, has permitted us to reveal The Motley Fool's 3 Stocks to Own Forever. These picks are free today! Just click here now to uncover the three companies we love. 


Read/Post Comments (0) | Recommend This Article (6)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2925806, ~/Articles/ArticleHandler.aspx, 8/29/2014 10:02:18 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement