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You don't have to be a cannabis investor or enthusiast to have heard of the so-called "vaping crisis." The severe symptoms that strike and rapidly overwhelm otherwise healthy THC and nicotine vape users are unnerving - and that's putting it mildly.
The U.S. Centers for Disease Control and Prevention (CDC) is tracking around 530 cases of severe vaping-related respiratory illness across 33 states. As of Sept. 24, nine people have died in seven states.
The formidable powers of the various state and federal health and regulatory agencies are being brought to bear to pin down a definitive cause. There have been some promising leads, but so far, researchers have found neither smoking gun nor silver bullet.
No reputable, licensed cartridge or "e-device" manufacturers' products have been linked to the epidemic. Instead, attention is focused on illicit "bootleg" oil cartridges that either trade on the black market or, in places with weaker regulation, "sneak" into otherwise legitimate dispensaries.
That's why I'm so excited about what was just announced.
One marijuana company I know just moved miles out in front of the crisis. In one fell swoop, it's moved to protect its reputation and market share, its consumers, and, no doubt, its shareholders.
About the Author
Greg Miller started working on Wall Street in September, 1987, just a month before the “Black Monday” stock market crash.
During his career there, he became an expert in just about every kind of publicly traded security - from blue-chip and small-cap stocks to municipals, junk bonds, and derivatives. As a portfolio manager, Greg was responsible for over $500 million of assets in mutual funds and insurance company accounts.
After leaving the Street, he designed a successful options trading strategy and made lucrative tech investments for a financial publication. He has also helped develop new products and worked with other editors to hone their strategies. He’s always been dedicated to deep, fundamental research - and he always will be - because he believes buying the very best companies at the right price is the best way to amass wealth in the stock market.