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GW Pharmaceuticals Up 24% Today

I have significant positions in the cannabis sector, and cannabis companies performed well today. GW pharmaceuticals (NASDAQ:GWPH) was up 24% based on a Reuters report that the company has hired Morgan Stanley following approaches from several unnamed drugmakers. It's not surprising Big Pharma is interested in this sector given that it's expected to reach $22 billion in total annual sales by 2020.

Walgreens even broached the subject of medical marijuana earlier this year. Prohibition is slowly ending, and big business is beginning to enter the picture.

OGRMF was up 10% today, and APHQF rose 6%.