No wisepilot, no matter how great his talent and experience, fails to use his checklist.
– Charlie Munger
On June 25, 2018, the FDA made the historic approval of cannabidiol (Epidiolex) of GW Pharmaceuticals (NASDAQ:GWPH) for the treatment of seizure associated with Lennox-Gastaut syndrome and Dravet syndrome. The aforesaid catalyst is unprecedented, as it’s the first approval for a cannabis-derived product as a legitimate medication. Despite the approval, the stock does not trade higher subsequent to the mentioned event. Interestingly, the approval caused investors to “sell on the news.” Be that as it
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