Broad physician adoption of a cannabis-derived epilepsy treatment is boosting sales for the only company with federal permission to sell cannabis products in the United States.
London-based GW Pharmaceuticals told investors Monday that it notched $108 million in sales last quarter and $309 million for calendar 2019.
The company’s sales results appear to beat consensus analyst expectations, which were $102.4 million.
The vast majority of GW’s actual sales, $104 million, came from epilepsy drug Epidiolex.
Epidiolex, the only plant-derived cannabis drug approved by the U.S. Food and Drug Administration, contains CBD extracted from marijuana plants grown in the United Kingdom.
GW attributed the sales figures to physicians being amenable to prescribing Epidiolex.
The company owns another cannabis-derived drug, Sativex, which treats spasms caused by multiple sclerosis.
Sativex is approved for use in several European countries but not in the United States.
GW’s shares are traded on the Nasdaq as GWPH.
An earnings table that includes some hemp companies is available here.
Stay Informed
all these companies and their derived products all cause side effects still.
https://www.rxlist.com/epidiolex-side-effects-drug-center.htm
Dehydrated Alcohol
Surcalose
Red dye
These cause the side effects
Isolate Supports bacterial growth
Get rid of Pharma and all these drugs with the side effects
Not a natural plant with no side effects..
Lol you CBD people are hillarious.
Datura Inoxia is a “natural plant”
Cobra venom is 100% organic and natural
All drugs have attributable side effects under careful clinical study.
Epidiolex is a proven therapeutic drug for children with Dravet Syndrome produced under stringent process controls.
What the “hemp industry” produces is unregulated toxic garbage.