that okay i wonder how pedro did the power pitch. maybe look at in the g block of the show he. >> the web extra. >>en >>. >> on the digital network. budget blue into earnings broien sullivan is interesting. >> tnkouha y very much i' that's it for the show this evening. big "mad money" with jim cramer and microsoft. my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money" welcome to the west coast edition. my job not just to entertain but educate and teach. so, call me or tweet me @jimcramer. this week it's like the whole world's been turned upside down.

we've got record highs, dow surging. s&p gaining. nasdaq 1.06% texas earnings forecast and yesterday's trade deal with china. at the same time individual companies are taking action to fight climate change in a way that's unprecedented these are issues that could hurt earnings per share yet the market doesn't seem to care. the market seems to like it. it's insane. for my entire life, especially the last 40 years, you have companies doing anything they could to make a profit and the government working to restrain them. it was the government that forced big business to care about clean air and clean water. thank you richard nixon. we took it as a given companies would try to get away with anything they could to maximize profits for their bosses the shareholders this endless cost for growth, wall street didn't care at all it was amoral.

and if you want to be a good investor, you ordered this stuff. but in eamon yumtal twist we've seen a shocking paradigm shift suddenly capitalism is trying to regulate itself at a time the market is a priority for the government if you told me private industry would lead the fight against climate change, i would laugh in your face. tuesday, they announced they're going to start taking sustainability into account with had they invest. that's right because they think climate change is too big a risk to ignore. today microsoft demands that its own people along with suppliers and end users take aggressive action to reduce their carbon emissions. this is extraordinary. even the users we're going to find out more about what microsoft's up to later in the show when we sit down with ceo satya nadella in

washington which we happen to be at pretty cool, huh they're attacking greenhouse gases root and branch with the goal being carbon negative by 2030 i've been in this business for 40 years that's not the way it's supposed to be. forget earnings per share, microsoft is focused on something we've been talking about on mad money for some time, something we call impact per share. it's almost like they're turning into the old epa back when the organization was a lot more heavy handed you want their business? build wind turbines and solar panel. if not they're going to take their data centers and put them somewhere else the government is more focused than ever on creating value for shareholders there are tons of winners from trump's trade deal with china that aren't getting enough credit, visa, dow chemical, j.p. morgan, and the belingering

boeing how do i get those companies because ceos were named at the press conference i've heard endless carping about how china's commitments probably won't kick in until they roll back tariffs on our exports. give me a break. take the numbers for 2021. the other impact per share side, the push starts now, not in years. there are no contingencies i've got a real sense of urgency from microsoft something reminiscent of the department of war to come up with ways to fight climate destruction. at its heart there's a titanic struggle going on here corporations are rethinking their entire purpose including the hard science of stopping what ceo nadella called the devastation of the environment by cutting the carbon cord, not a climate denier here. the government won't do it, then microsoft will lead my example the president doesn't seem to

regard climate change as a serious issue for the nation's welfare. otherwise he wouldn't champion the burning of coal. do you know what this 48 hour period tells me? we've got a donk inquir the whie house. can it be done the bottom line is that it's possible but the much more important point is that this shift has happened at all. whether or not microsoft can save the environment, what matters is that they're making the attempt and the stock wasn't punished for it at all in fact it was rewarded. like i said, the world's turned upside down. let's take calls let go to adam in florida. adam >> caller: hey, jim. thanks for taking my call. my question is about pinterest i bought it on ipo today and

watched it go to 36. on the last earnings call, the company did just about everything they said they would do i bought more at christmas time. now there's a report saying pinterest surpassed snapchat as the number three social media app in the u.s. in relation to users. what are your thoughts for long term hold from here? >> i've got to tell you i was impressed by that same report that you saw i think the stock can bounce here i don't want to get too ahead of keys here though because why it is not blowing out the numbers and i think that it's good but it's not great. i actually prefer alphabet here. the world is turned upside down, people we're seeing a paradigm shift. it's now all about impact per share, not just earnings per share. and stocks aren't getting punished for trying to have a positive impact on the climate change situation microsoft had a total return of over 400% since satya nadella

took the helm. the company just announced ambitious climate change plantae. they want to roll back time. i'm sitting down with the man himself from the company's head quarters plus a special appearance from the cfo. then you might know heinz, but how many varieties of ketchup are you seeing in this market? and gw pharmaceuticals made big earnings this week i sat down with the ceo yesterday to find out if it can head higher. stay with cramer >> don't miss a second of "mad money," follow @jimcramer on twitter. have a question? tweet #madtweets send an email or give us a call at 1,800,743 cnbc. miss something head to madmoney.cnbc.com.

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i got to spend all day at microsoft's headquarters in redmond, washington. this was a huge day out here si see, today, microsoft announced they plan to fight climate

change with the goal of becoming climate neutral and want to off set emissions from its entire history by 2050. do you know how i've been telling you wall street cares about sustainability i think that's why microsoft's sustainability made investors a fortune in recent years so they have the leeway to take a stand. a few moments ago i sat down with the great satya nadella he's the great decree of in his first appearance on the show take a look. >> here here on eamon yumta monl day. you became the capitalist leader doing something important. you're doing impact per share. >> first of all, thank you for being here it's so awesome to have you here on our campus. you're absolutely right. it's a big day in fact, it's a big decade in front of all of us

and today is a start what is -- when i think about our mission to empower every person and every organization on the planet to achieve more, the fundamental thing is let's put more depth to what achieve more looks like for the world to us, it means we need, of course, as a company, we need to be able to drive broad economic growth but it's just on economic growth, but it's about really having that core inclusive growth, trust in technology, and all that we do should lead to a more sustainable world today's announcements were the last part which is commitments we are making by 2030 to become carbon negative, to in fact go back in history all the way to our founding in 1975, look at all of our energy consumption from electricity and other sources and make sure that we recapture that and of course we also know that it's not just about what we do

it's the ecosystem and the innovation we need break through, so we're even putting a billion dollars in an innovation fund. we know it's a small part of what all of us have to do to achieve more >> i'm not sure it's small out 2050 if you don't do these things, what does it mean for both the planet and of course microsoft >> the signs i think at this point is very clear. if the temperatures rise, i think the impact it's going to have on -- let's talk about the economy. the economy that we all enjoyo the capitalist system that we all enjoy i think will fundamentally be in jeopardy if the planet which is the resource, the factor of production that has fuelled all of our caputist society will be in danger. to me, that's the existential priority for us as a company, it's about making sure the commitment as a start of then ensuring we are living up to those commitments i think it's 2030 and 2050 that

we are looking forward to doing our part >> you're a rigorous man and the company is rigorous about numbers. this is the first time i've heard anybody lay out an actual let's say yardstick that's hard and it's not just for your company but it's for your suppliers and even for the users of your technology how can you enforce it and what does it mean when someone says do you know what? it's profitability we're not playing ball >> look. this is not the first time we've done these things. first of all, you're absolutely right. we have to be rigorous and it's not about making commitments or making claims. it's about follow through. >> right >> so, for example when we change some of the benefit policies to say anybody who works at microsoft even if they are a vendor will get the parental leave or sick leave, we have to pay for it because we fully expect the companies that are employeeing these people will not be able to increase wages. in some sense we have account,

we've done homework, we know what the emissions are on all the scopes, scope 1, 2, and 3. and we feel we have a bottoms-up plan on it one of the things that helped us is the carbon tax which we introduced multiple years ago has built an internal rigor so to speak on what does it mean to have a way to think about an accounting for carbon and then go after it. >> going a little bit bigger than carbon, you care about other values including carbon, artificial intelligence. many of us are worried that it can be used for harm, not just for good you're thinking about what technology will mean i mean, you're talking about tech intensity i hear that and i say i'm concerned that tech's too intensely powerful you are the second largest tech company on earth and these are the things you're thinking about. >> first of all, i'm an optimist >> okay, fair. >> i do think technology can make a huge difference

think about it it's the most malleable resource that we as humans have ever found, the software, right and to think about this as a factor of production that changes, you know, precision medicine, precision agriculture, feed everybody, right? or connected cars, you know, connected factories. i think that this is amazing and the technology in terms of computing in the real world. artificial intelligence, think about the state of the art of whether it's reinforcement learning or large scale model training is essentially helping us discover new knowledge that is not possible even before or take someone with disabilities today with break throughs in computer vision for someone with visual impairment, they can interpret the world. someone with dyslexia can read because of what technology can provide. it doesn't mean we should be clear eyed about the unintended counsel kwebss of

technologically driven unemployment or bias in algorithms take bias. first of all, we as a software company are building tools like how we built tools in order to ensure people don't have secure bugs in software, we should say if anyone building an a.i. model, how can they debias the a.i. model the best way is to have a diverse team building it in the first place. >> i see so smart you won't be able to track the diversity unless you do some of the things we're talking about at the same time that you're doing all these things, you are a competitor you have a different style from your predecessor who was a good friend of mine from college. you are a cerebral lead by example person, but you're also competitive. when i watch your retail federation piece, you mentioned it's walgreens you mentioned walmart and starbucks. you're in a titanic battle against another company to get those customers and you offer value position that aws doesn't.

i care about that. tell people. >> first of all, i think what's happening in retail is pretty exciting >> yeah. >> if you think about it, everyone 2019 sort of retailalid what retail is you need physical stores, online presence, and connect the two things seamlessly. one of the things i talked about is how walmart completely changed the game around how they're doing delivery i can order my groceries i can start going to the store given the geofencing features. their iot inside the store wakes up, makes sure things get packed fresh and is ready for delivery. it's the best example of walmart taking the physical aspect, dim tal capability, and partnering with them, same thing with walgreens, what they want to do for chronic care like diabetes or what marks and spencer has done, they embedded computing. this is another fascinating

thing is people, places, and things are increasingly having digital twins. and since a digital infrastructure is more malleable, you can predict things, automate things, gain insights >> how did you get insight to do azure? when i saw you last, you made bold claims, i said at the time, of how much money you could make with azure you've vastly exceeded them even as some of them were oh, please, who is this man? how did you see it how did you know and how much of the future will be azure >> quite frankly, you know, it's sort of -- the guy who guy who gave me permission to do all this was steve balmer. he wanted us to be bold and go at the cloud very aggressively and that's what we did one of the key things he did was we didn't think about azure separate from microsoft 365 or dynamics 365 or even xbox live

or x cloud we had a vision. after all we're computing infrastructure and platform company. what is that next generation and by the way, i was always grounded on the fact that it will be a distributed computing infrastructure it's the cloud and edge. for example, one of the fascinating things is i used to talk about the edge. in fact i started talking about the cloud and the edge four years ago and people said what is he talking about. except now it is the conventional wisdom. that's what it takes i think you have to have conviction on where the world is going, make sure you bet long before anybody gives you credit for it, and then of course execute. and that's what we have done and every layer of the stack, at the infrastructure level, platform as a service, saas layer, and that's what we're doing. >> do you think the marketplace will continue to pay as much as it does for your perfect execution, for instance, the stock 410% return since you started, $1.24 trillion. will there be some executives at

major funds say i'm not going to buy that stuff, that guy cares too much or will the world change so much that if you don't care about these mandates, your stock's going to go down >> that's a great question you and i were talking before we got on the air which is, you know, there's this great book called "prosperity" and he talks about what is a corporation. and the corporation's purpose is to find profitable solutions to the problems of people and planet >> okay. >> profitable is the keyword but problems is the other keyword for people and planet. so, i think what happens is if you're creating a lot of profit and creating more problems for planet or people, i think it'll catch up with you. so, in some sense, the way i look at it and say is hey let's go after the core of what we're doing. it's not about caring about arterial things. our shareholders are the ones

giving us permission to be able to think about whether it is the affordable housing or the carbon it's our shareholders who care as much about this as anyone else and they give us permission and therefore we are accountable to them to execute on these commitments we are making and that's good for business >> it's interesting. they'll give you 28 times earnings, one of the highest multiple for any of the plus 100 billion companies because they want you to have that permission there are other issues in tech that you've spoken about that are let's say on the hot griddle right now, privacy apple versus the justice department corporations upholding things that aren't necessarily in the constitution, there's nothing about privacy in the constitution sadly i think, versus a government that is intrusive. once again we've got situations. the government wants coal. you want no coal government wants intrusion where do you come down on these things >> first of all, we are clear

that both things matter here, the two things being privacy as a citizen, as a user, i care deeply about privacy and as a citizen i also care about public safety. >> right >> so, both of these have to be in the balance i think we have to come up with legislative mechanisms for that. things like back doors and so on are just bad ideas but like the cloud act which is a completely different realm today is actually a good first step in terms of having the legal framework for how we can, in fact, protect the privacy of anybody who has data in the cloud and yet have the ability for any law enforcement agency to include legal warrants. so, we now have to have a technical and a legislative break through around what is considered personal information that's not in the cloud. so, i think that this is something that we will have to work out we just can't take all hard stances on all sides >> no. >> but we've got to recognize that, look, privacy is a human

right and that's what, i think, the co is core to our values here in the united states and we cannot jeopardize that. >> you're articulating them well we're going to take a break and bring in your sensiol atnacfc, amy hood, when we come back. i can. the two words whispered at the start of every race. every new job.

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it's almost like a challenge everyday myww's been an amazing journey. nature's bounty. to see how well i can eat and still enjoy myself all day long. i wake up every morning to see how much weight i've lost and how much better i look. myww join for free and get two months free! ever since satya nadella took over microsoft, the stock has been great it has rallied roughly 355%, total return of 420% when you talk about dividends they hit a new high today. let's get back to our interview with the man himself, this time joined by the incredible long time cfo amy hood. >> part two, microsoft welcome to hold friend amy hood.

amy, you have done remarkable things as cfo. i want a lot of people to understand that when you do a billion dollar fund as satya talked about earlier, when you do a gigantic initiative for housing, these are thing that is you championed >> they are. but i think really it's fundamentally that i do believe these are good return investments. i take a very long term view i think that's one of the things that we've prided ourselves on, whether that's investing in our employees, whether that's investing in the region through the housing or whether the announcement this morning on climate. i mean, these are fundamentally issues of business return, and i look at that >> let's see i'm a big investor i come in. i say listen, guys, what's the roi on the billion dollars you just wasted on the environment >> it'll be measured much like everything else i do here. the team would probably be giggling if they heard that question, frankly. we do hold ourselves accountable just like we hold ourselves accountable when we talk about

our business results these ar the affordable housing and the year, you could expect us to make the same type of transparent commitments on climate >> i think what amy has done is really bring that level of rigor in thinking about both what is the reward, what is the risk and here, amy talked about it, the risk is much broader than just a quarter of our gross margin the risk is the system that is making us successful in the first place could be existential danger, and what is our commitment on behalf of our shareholders to ensure that the thing that drives all this economy is, in fact, healthy >> we are in a very odd moment right here where i feel the government has embraced things that used to be what corporations did which is find a way no matter what to make money. people like you are trying to

find a way no matter what to preserve the earth and also do well for shareholders. this happened rather rapidly why? >> first of all, i think that even governments are reacting to sort of the mandates they have they want, for example, fairer trade. they in fact want more equitable growth >> true. >> so, i take signal from that so, i actually have no issues with any government policy it's just that we as companies also have to work on our own approach to the world. and what are we contributing instead of looking at constraints, what is our core responsibility in spite of the constraints is i think the art of business, at least the way i look at it it's a normal constraint problem, finding a path through it and yet preserving the long-term viability and relevance of your company is what leadership is about >> at the same time, when i look at what your company has done,

second largest company in the world, done remarkable allocation to different businesses that many people felt for instance you couldn't win. when amazon web services ruled the world, which it does not anymore, the idea that anyone would go up against amazon was foolish. we've seen that in retail, pretty much anything amazon touches. what made you think that it would be worth it, that the return would be there going against the localized producer >> it's interesting. we thought about the question quite differently which is that we came from having a set of customers who relied on us from decades, jim, and we said what do they need and what can we do uniquely to help and whether the answer to that would be azure or microsoft 365 or dynamics or a gaming console, it didn't really matter. it was more to say gosh there's opportunity here and we know we can deliver differently. we've done this. people rely on us. they trust us. we've done a good job of

building that over a decade and frankly we knew the team could deliver. we've had a unique view here around the edge and the crowd and fundamentally how they were going to have to interoperate over decades so, i think when we talk about the hypervalued prop and people i think rightfully used to give us a hard time about that five or six years ago no longer now that's the language. and that's what customers are asking us for. >> your leadership style i think is uniquely led so that someone, the tornl gets passed. amy's been here a long time. i came here in 1986. a lot of people never left you must inspire because the turnover out here is pretty crazy. but there are many people who understand the long-term history of what the clients wanted and that has really helped you >> oh, absolutely. absolutely i mean, i think knowing -- i am

a big believer that companies have an identity, a core sense of purpose, right? think about it, bill and paul start the company in 1975 in dorm rooms and say software is a good thing let's build tools for people developing software. that is key. we want to build technology platforms and tools so others can create more technology and the fact that in 2020 software is everywhere, means the market is a lot bigger than paul and bill imagined it was in '75. and we have to refresh we have to have new concepts on ai, computing with edge, different ways of computing with things like hollow lens, but it's software. >> you obviously care -- you're passionate about this company. every time i see you talk, this company is just in your blood. >> i love this place it be i love it because maybe of what satya's talking about. if we all say we want to get

better every day, and i do believe that everybody wants to -- can learn something, can behave in a different more positive way, and you believe it every day you get a chance to do that at a place like this. it's hard to believe you wouldn't love it it gives you such an opportunity to learn and get better and practice and make a difference it's pretty easy really. >> last question satya, let me ask you this a young person, talented young person, do you think they'll go to a place that doesn't care about the earth when they have a chance to go to one that knows it's a stakeholder >> did i tell you the best hiring line for anybody with competing offers, i just say one thing. if you want to be cool, go somewhere else if you want to make others cool, join microsoft that's who we are. >> i think we leave it at that satya nadella, thank you so much amy, great to see you. that's satya nadella, microsoft ceo and amy hood, the cfo.

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stocks go higher but i want them to rally on real news and not because they're simply playing catch up. what's the real news this morning we got better than expected results from morgan stanley which demonstrated a phenomenal level of consistency. this huge investment bank is printing money like a black rock morgan stanley stock trades earnings are episodic when this company makes good money every day. 11 times earnings. that's bananas this kind of consistency deserves a higher multiple i bet it's gotmore room to run it's not done. that's what a legitimate move looks like but there's another kind of gain and these are truly ketchup gate i've seen 57 varieties of ketchup since this earning season got rolling who has that well, they're all playing ketchup. these are all moves that are not

based on new information they're based on the analyst that chased momentum companies themselves are doing well it's just there's nothing new to warrant a talk, a squawk, something today. first there's amd that had a boost from barclay's this morning. it's resurgent demand for datacenter and they're taking share of personal computers, red hot processers and manufacturing problems at the chief competitor the problem, barclay's raced from 32 to 50 on precisely the same old positives given that the stock is sitting at just below 50 bucks, i don't regard that as very helpful. do you this analyst has had equal waiting, wall street speak for hold, on this one as the stock surged higher. now ketchup. i say thanks for nothing sometimes you get the old indignity, the price boost coupled with simultaneous

downgrade. what's the morgan stanley did today with the stock of tesla. they raised the forecast, raised the target, downgraded from hold to underweight, underweight being sell now to be fair, tesla's been on an incredible run. it's more than doubled in the last three months and this analyst miss td it underestimated the earnings power. saying nothing of morgan stanley targets. the stock's above 500 for heaven's sake making this the worse kind -- organic simply that's fine. let's call this the worse kind of down grade. did you know they added sugar to ketchup. they think tesla is up so much that it's at a higher risk than it used to be. it would be easier to take serio seriously if it wasn't coming from someone who missed the training leaving the station as i've been telling you a week, i like values based on real news, more than realities based

on nothing like amd. as for tesla, the stock's been too high but this the worse call of 57 varieties of ketchup it's giving you a chance to buy tesla into a rare moment of weakness mad money is back after the break. do you have concerns about mild memory loss related to aging? prevagen is the number one pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. two years ago, my wife and i were over 50k in debt. through sofi's help refinancing we paid off all that debt. now we're debt free and visiting places like this... thank you guys

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it is time time for the lightning round that's right i take your calls one after the other. when you hear this sound, and then the lightning round is over are you ready? let's go to owen in pennsylvania owen. >> caller: what's going on big jim. now that we're holding hands with china again, what do you think of jd.com? >> we don't need jd.com. we have got alibaba. they're both up a lot but i like alibaba very much. gene in arizona. gene gene, you're up. >> caller: hey jim, big fan. thanks a bunch as a home gamer great for everything you do for

us >> excellent what's going on? >> caller: stock i'm looking at is biotech, they've got a cool gene therapy for macular generation i've been buying the stock and would love to hear what you think about it >> i encourage this kind of speculation on mad money because as long as you don't put too much money in it, maybe this is the home run don't put too much money in it and it can work. wes in north carolina. wes. >> caller: this is mike, jim >> even better, mike what's up. >> caller: hi, how are you >> i'm okay, how about you >> caller: i'm doing great i have a question here my stock jobbed about 20% on monday i've owned it for about a year and a half off and on. i'm talking about enerjen. >> they missed the numbers really big they're in the penalty box

you can see two. that was a terrible miss it deserved to go down margie in california >> caller: hi, jim it's a pleasure talking to you my stock is trade desk ttd >> that company is miraculous. it's a great way better way to play cord cut by the way than roku. oh yeah, and even more double buy let's go to tyler in texas tyler. >> caller: big booya jimmy how you been buddy >> jimmy chill is chilling big time >> caller: that's good >> what's up >> caller: i got a read in my portfolio that i bought and i'm doing homework on it >> okay. i like homework. >> caller: they just recently upped the dividend and recently up sized their shares. what do you think about stag industrial >> the industrial reads, so

really the only reads that are working and they're working phenomenally they did that cap raise. i thought it was very good i think you got a good one and i would stick with it. and i would stick with cramer! >> announcer: the lightning round is sponsored by td ameritrade wim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪

♪ we need to talk about gw pharma, the drug company that makes synthetic medicines

inspired by cannabis at the beginning of the week, gw spiked with had the company produced excellent results with the newly launched epilepsy drug last night we got a chance to check in with the ceo. take a look. >> justin, you kicked off the most important health care event of the year with an unbelievable preannouncement. tell us what it means. >> thank you and it was a great start to the year it's been a great j.p. morgan conference so far as well. we announced that the first full year of sales of ep dialects were around $300 million it's an incredible launch year for any medicine i think it proves this kind of medicine is making a difference to patients. it shows real value to the health care system it sets us up in another way for what should be another great year in 2020 >> i think people have to realize that blockbusters don't come out this quickly. and typically they don't have the awareness that the medical

community can do >> it's awareness not just because of what this drug is it's cbd which is very high profile but because it represents a break through with the field of epilepsy, new mechanism to treat epilepsy. we're treating high need patients treating children that are having many seizures a day the ability to provide real advance together with the fact this is the first ever cannabis product approved by the fda has together created an exceptional environment for us to commercialize this product >> to have epilepsy is to unfortunately a stigma in this country. there are epileptics who are afraid to go for getting jobs because the medical community have nothing really for them, so therefore the insurers have nothing for them, so therefore the employers have nothing for them you're changing that paradigm. >> we are. we're providing in a condition where there's a lot of stigma the opportunity for patients who maybe have also been

experimenting with unregulated products to come into the health care system to have medicines that they can trust, they know what's in it, they can be supervised by their physician, and the health care insurers recognize the value that that provides to patients and to the hospital systems and to the health care system at large. >> ever since we heard about legalization of cannabis, there have always been people tell me that's the death for gw pharma i have said even though it's certainly cannabis derived, it's the opposite frankly, the fda is not going to approve these other guys no doctor in america will ever prescribe what is currently being stoeold away from you. >> fda shouldn't and won't change away from the gold standard which is proving the drug is safe and efficacious for patients they've done that with epidialects. i think not only can we do that for epidialects for the field of epilepsy but the pipeline too.

there are other cannabis based drugs that can go through legitimate real scientific research and provide other patients with similar benefits through the health care system without forcing them to go outside of medical care and outside the fda system >> let's talk about one that has, a lot of people have had to go outside because it's not treatable. ptsd, that's something you're doing phase one. >> it's a clear program we announced this week. it's an example of where we're seeing uses of cannabis in other products and where we've been looking at the science and doing science and realizing there's potential for cannabis based option in the field of ptsd when we're starting phase two we're also bridging from a product we have in multiple sclerosis, spinal cord injury, autism, schizophrenia.

this is the opening up of the field of canaboid sciences >> obviously don't want just united states. you're having good fortune in the uk >> right we just got the national health service in the uk to fund the use of epidialects in the uk we're seeing the drug is utilized in germany already. it's being adopted in france we expect italy and spain to do so later this year of course this is a global phenomenon the interest in cbd, the interest in regulated cannabis-based products is something that's not specific to the u.s. or europe it goes beyond so, there's a really exciting future for these products across the globe. >> i know that you have not been given a 2020 guidance, i'm looking at the analysts, they're talking about the possibility of having $6 per share, $13 per share. i don't want to hold you to these, but it seems that's the possibility this could be a

$2 billion drug, a $3 billion drug when i hear about these indications and if they work out, that may make sense >> this -- i mean, a few years ago we were a small company. >> right >> the company's transformed in these few years. a few years from now, if we deliver continued success for epidialects, have even one or two of these drugs we've been talking about come through into the pipeline, it'll be another level of growth and value creation for gw pharmaceuticals. >> how about awareness for your company? do people come in and say i want some sort of pot drug or do people say i've heard about this drug, i know it's worked for children i want it so i can lead a normal life >> absolutely. they want tried and tested science led solutions. they want to know the drug they're taking is the same drug they're going to take a year from now they want to know the side effect profile they want to know that what they're getting is something

they can trust and what we provide in a world where there are different cannabis products available from different sources, that they understand this is the right approach for them when it comes to treatment of patients not just with epilepsy but hopefully other conditions in the years to come >> one that seems intractable, we were talking to omar ishrack. he was talking about the notion of people who are just kind of suicidal and depressed and that there's nothing for the pain that then generates that fuse. they're suicidal and depressed because they have pain i would like to think pain studies versus opioids could eventually lead to ep dialects >> it may be epidialects or maybe another cannabis based product as well. these are all opportunities for us i would say we can't do everything at once so, i need to caution you that

we have to take things one at a time but, you know, there is obviously the benefits that i think the world has seen with various kinds of cannabis-based products provides opportunity for us to then drill into the science and make sure is that we answer these questions and if there's an analgesic medicine that we can develop, we'll do so in the right way >> we know thats in country, the insurers have a tremendous amount of power. have the insurers embraced this to a level where people don't have to worry if it's prescribed that it's going to break the bank >> they have and i think we've priced the meds responsibly i think insurance companies have responded in kind, express scripts has a wide access for this medication, various states do but of course this is a journey. in 2020 we want to make sure that all those appropriate patients who seek access and physicians determine the drug is appropriate for them are able to

obtain this on insurance they've been successful i think in 2019, but we can do more in 2020 >> you have been a steward of something that in another company's hands could be abused. you're taking your time and looking at the side effects. zb >> we don't take shortcuts >> you sure don't. long time in the making. people should realize that >> 20 years in the work. >> that's ceo of gw pharma this is the only real one, okay? don't think that the others are going to get real. stay with cramer . every new job. and attempt to parallel park. (electrical current buzzing) each new draft of every novel. (typing clicks) the finishing touch on every masterpiece. (newborn cries) it is humanity's official two-word war cry. words that move us all forward.

the same two words that capital group believes have the power to improve lives. and that, for over 85 years, have inspired us to help people achieve their financial goals. talk to your advisor or consultant for investment risks and information. to take care of yourself. but nature's bounty has innovative ways to help you maintain balance and help keep you active and well-rested. because hey, tomorrow's coming up fast. nature's bounty. because you're better off healthy.

♪ >> thank you to the entire fabulous team at microsoft your hospitality and your graciousness what a great time. i'm jim cramer and i will see you tomorrow

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