Biotech Beneficiaries of the Legal Cannabis Movement
The biotech sector differs from other sectors of the market in the sense that it is the only industry where earnings are not the most important event for companies.
Unlike other sectors, the biotech sector trades on FDA results, not earnings; and favorable results can serve as a major catalyst for the company and send the price of the company’s stock considerably higher.
Biotech Beneficiaries
The biotech sector will be one of the greatest beneficiaries of the legal cannabis movement and there are only a few publicly traded biotech companies that are focused on developing treatments from the cannabis plan.
One such company is AXIM Biotechnologies (AXIM) and we are monitoring the company closely after it recently saw a significant increase it trading volume.
Last week, we heard AXIM CEO George E. Anastassov, MD, DDS, MBA, speak at the The MoneyShow Dallas about the value of cannabinoids and...
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