Will Walgreens Make Legal Cannabis Investors Rich?
Last year, it did $103.4 billion in net sales.
With more than 8,000 stores in all 50 states, it's actually the largest drug retail chain in the nation. And last week it did something that even I didn't see coming.
On one of its social networking blogs, Walgreens (NASDAQ: WBA) made a bold move...
It came out in support of medical marijuana.
Well, kind of.
In a blog that was posted on Walgreens' Tumblr account, entitled “Clarifying Clinical Cannabis,” you can find this:
Research has also shown marijuana provides pain relief in ways traditional pain medicines don’t. Medical marijuana can improve appetite and relieve nausea in those who have cancer and it may help relieve symptoms such as muscle stiffness in people who have multiple sclerosis.
For a company that makes billions by selling conventional pharmaceuticals, this is a bit of a break from the Big Pharma machine that relies...
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