arijuana’s influence, both medically and recreationally, is (pardon the pun) growing like a weed. There are currently 23 states (plus Washington, D.C.) that have legalized marijuana for medicinal purposes, while another four states (along with Washington, D.C.) have allowed the federally-illegal drug to be purchased by consumers for recreational purposes.
Although the recreational side of the business offers the most intrigue for states looking to boost their tax revenue and fill budget gaps, medical marijuana is a very close second as it offers the potential to treat a number of chronic and often times terminal conditions.
Medical marijuana takes center stage
One pharmaceutical company leading the charge in marijuana-based research is GW Pharmaceuticals . GW has discovered five dozen cannabinoids from the cannabis plant that it hopes to use to effect positive biological change in patients.