Allergan Plc

Marijuana Industry

The "Pfizer of Medical Marijuana" Could Be In for Another Round of 1,000%+ Gains

Legal marijuana is about more – much more – than recreational use. In fact, its medicinal potential, unchained, could be worth billions more than the billion-dollar consumables market.

Study after study has shown that up to two dozen medical conditions could be treated with marijuana.

Two of its more intriguing components, non-psychoactive cannabidiol (CBD) and psychoactive tetrahydrocannabinol (THC), have a clear impact on brain function and pain management.

Glaucoma sufferers, for example, have long known that pot can reduce ocular swelling. Many people swear by pot's ability to improve lung function, counterintuitive as that may seem. And people suffering from conditions such as multiple sclerosis will tell you that this drug can greatly ease the daily pain they must live with.

Results like those are part of the reason medical marijuana has been approved in 24 states and in many countries around the world – and the reason why the medical marijuana market topped $4 billion in 2015.

Just one company, a biotech that first hit my radar in 2014 and has delivered peak gains of more than 1,100% over the past three years, is favorably positioned to make a classic "corner-the-market" move on this incredibly lucrative segment.

I'm recommending it once more today, after a round of quadruple-digit gains, because I think there's every reason for it to happen all over again...