How Trump Legalizes American Cannabis
How Trump Legalizes American Cannabis by Nick Giambruno – Bonner and Partners
Editor’s Note: In October, recreational pot will go on sale in Canada. In the U.S., 30 states now have legal cannabis in some form. Legal cannabis isn’t our usual fare at the Diary, but it’s a trend that should be on every investor’s radar.
So today, we asked Nick Giambruno, one of Casey Research’s go-to marijuana investing experts, to show us why a particular strain of cannabis could be legal in the U.S. in a matter of weeks…
“We’ve seen her flatline in the hospital and said goodbye… I don’t think she’s going to survive this.”
These are the words of Charlotte Figi’s father, recalling what it was like to see his five-year-old daughter’s heart stop beating.
At the time, Charlotte was having over 40 seizures a day. The seizures reduced her to a vegetative state and pushed her near death.
A few years earlier, Charlotte had been diagnosed with Dravet syndrome. It’s a rare form of severe epilepsy with no known cure. It lasts a lifetime and often kills young children.
Charlotte’s parents had tried everything to help their daughter. They made lifestyle changes. They gave her powerful prescription drugs. But traditional drugs only made the situation worse.
At one point, Charlotte could no longer walk or talk. Eventually, she couldn’t even eat. Doctors said the only option was to put her in a medically induced coma.
Desperate, her father researched alternative treatments. Eventually, he discovered a video about another family with a young child suffering from seizures. Medical marijuana was the one thing that worked for them.
Initially, Charlotte’s parents thought medical marijuana was impractical because of its complicated legal situation. Nevertheless, they decided to pursue it. They’d already exhausted every other option.
The first step was relocating to Colorado, one of the first states to legalize medical marijuana. Then, they had to convince two doctors to prescribe it. (The state requires two doctors to sign off on marijuana prescriptions for children.)
Both doctors were reluctant. But they knew Charlotte was on the brink of death. So they gave it a shot.
Prescription in hand, Charlotte’s parents still needed to find a special strain of cannabis – one with a low amount of THC (the compound that gets people high), but a high amount of CBD (cannabidiol).
CBD has medicinal properties, but no intoxicating effects. Doctors think it can help stabilize chemical and electrical activity in the brain, producing an anticonvulsant effect.