While I believe the update to the website is a big
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Posted On: 11/13/2017 1:26:48 PM
While I believe the update to the website is a big step in the right direction, on reviewing it with the thought of why the price didn't move up dramatically because of it, I've got to suspect it's because it's now clear we won't see results of the Phase 1 safety trial until first quarter, and it's unclear if any patients in the trial had skin diseases.
What to me is completely unknown is with the approach into the cosmetic/medical marijuana market, could OWCP be permitted to let people with a variety of skin diseases try the cream to gain anecdotal evidence of how well it works in a non-clinical setting before the safety trial is concluded.
It's clear that the company is taking the dual path of selling product in the Green Cross stores while simultaneously putting the products through drug trials. To me, this is rather like the reverse of what happens with many drugs that are now available without prescription, but initially were available only by prescription. Drugs like Omeprazole are still available by prescription, and are dramatically cheaper by prescription if you have the right coverage in your healthcare insurance, but is also available from many companies as a generic of Prilosec, the name brand that initially got the FDA approval. My point is, products may easily co-exist as both prescription drugs, and OTC products.
We're doing it backwards, but the cannabis business is unlike most other businesses you can name.
Gary
What to me is completely unknown is with the approach into the cosmetic/medical marijuana market, could OWCP be permitted to let people with a variety of skin diseases try the cream to gain anecdotal evidence of how well it works in a non-clinical setting before the safety trial is concluded.
It's clear that the company is taking the dual path of selling product in the Green Cross stores while simultaneously putting the products through drug trials. To me, this is rather like the reverse of what happens with many drugs that are now available without prescription, but initially were available only by prescription. Drugs like Omeprazole are still available by prescription, and are dramatically cheaper by prescription if you have the right coverage in your healthcare insurance, but is also available from many companies as a generic of Prilosec, the name brand that initially got the FDA approval. My point is, products may easily co-exist as both prescription drugs, and OTC products.
We're doing it backwards, but the cannabis business is unlike most other businesses you can name.
Gary
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