Amigula is a publicly-traded company with various patents for medical products using marijuana and while CEO W.B. Eugene admits the decision affects the companys ability to expand into the U.S. market as a grower, he predicts it will have little effect on the overall business.
As he puts it, Our stock share has only decreased a few cents since the decision.
Smoking is currently the most effective delivery system for medical marijuana, but Eugene says Amigula is now focusing on products that wont get officials out-of-joint as much as joints.
Those include chemicals created from pot, a marijuana patch and droplets that are taken under the tongue.
But Eugene says consumers, not law enforcement, are behind the shift in direction. In his words, There are a lot of people who could benefit from medicinal marijuana but dont want to smoke around their kids.
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