Jim Cramer's Stop Trading: The Go-To Medical Marijuana Stock

NEW YORK (TheStreet) -- On CNBC's "Cramer's Stop Trading" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, pointed to the American Academy of Neurology's recent study that paints medical marijuana in positive light. 

The findings showed benefits mainly for patients with multiple sclerosis. He suggested medical marijuana has been found to help in other areas as well, including pain, epilepsy and cancer. 

And although the U.S. is slowly recognizing the benefits of marijuana for medicinal purposes, investors are curious as to which stock is in the best position to take advantage. 

Cramer suggests GW Pharmaceuticals (GWPH) as the go-to stock for investors. The company makes the cannabinoid medicine Sativex, which is marketed for the treatment of spasticity in multiple sclerosis patients. 

"I really believe" in GW Pharmaceuticals, he said, adding that the U.K.-based company will have an easier time with marijuana testing since it is in England, rather than the U.S. 

The stock is "still down a lot from its high," and this company will solve a lot of pain issues, Cramer concluded.

-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

If you liked this article you might like

Best Biotech Stock Trades and Mergers to Watch in 2018

Best Biotech Stock Trades and Mergers to Watch in 2018

Here Is the Buzz on My Under-the-Radar Top ETF Pick for 2018

Here Is the Buzz on My Under-the-Radar Top ETF Pick for 2018

California Cannabis Growers Celebrate New Year's Day as Weed Goes Legal

California Cannabis Growers Celebrate New Year's Day as Weed Goes Legal

President Trump Looks Set for a Major Victory on Tax Reform: Market Recon

President Trump Looks Set for a Major Victory on Tax Reform: Market Recon

Hold on for a Wild Ride: Cramer's 'Mad Money' Recap (Friday 12/1/17)

Hold on for a Wild Ride: Cramer's 'Mad Money' Recap (Friday 12/1/17)