Assist us have a good time our 10 12 months anniversary as we recall the most important milestones from our first decade.
Ten years in the past, our founders created Medical Marijuana, Inc. with the mission of normalizing the medical and wellness use of cannabinoids, bettering the expertise of medical hashish sufferers, and supporting the booming hashish trade.
Alongside the way in which, we innovated a brand new, federally authorized means so as to add cannabinoids to your system, created a worldwide pipeline of high quality hemp oil and its derived shopper merchandise, educated customers on the fundamentals of hashish use, and labored with sufferers combating for hashish entry world wide.
As we constructed the foundations of the authorized CBD trade, we turned A Firm of Firsts®, creating most of the processes and high quality management measures that at the moment are customary within the trade, opening new markets to cannabinoids like CBD, and serving to to make CBD a part of the healthcare dialog within the U.S. and world wide.
Be part of us as we have a look again on the high 10 moments of the final 10 years from throughout our household of corporations!
Launching the First Publicly Traded Hashish Firm within the U.S.
The Medical Marijuana, Inc. story begins in March of 2009, after we turned the primary firm fully throughout the hashish enterprise area to be traded on public inventory markets, buying and selling below the ticker image MJNA.
This inclusion throughout the inventory market was an necessary milestone within the mainstream acceptance of the hashish trade. It allowed anybody to turn out to be an investor within the hashish trade simply because it was gearing up for vital development.
There at the moment are over 50 publicly traded hashish corporations on the U.S. markets, and the market continues to be quickly rising as increasingly more states legalize hashish for both medical or leisure use.
Though we’re headquartered within the U.S. and our inventory is traded on home markets, Medical Marijuana, Inc. is a world enterprise, and our portfolio of corporations and types is acknowledged in markets world wide.
Bringing the First Ever CBD Hemp Oil Merchandise to Market
In 2012, we launched the primary nationally accessible CBD merchandise within the U.S. with the Dixie Botanicals® and HempMeds® strains. For the primary time, shoppers throughout the U.S. might take pleasure in the advantages of non-psychoactive CBD from hemp.
In 2012, few folks had ever heard of CBD and the well being advantages it might present, so we got down to educate the general public on the benefit of utilizing CBD day by day. As folks skilled the exceptional outcomes from CBD oil for themselves, phrase started to unfold. CBD would quickly turn out to be acknowledged as probably the most useful well being dietary supplements accessible.
Now, 7 years after the primary gross sales, the U.S. marketplace for CBD is value hundreds of thousands. Following the passing of the 2018 Farm Invoice, which eliminated any grey space round hemp merchandise within the U.S., it’s projected to proceed to develop to $22 billion by 2022 as mainstream manufacturers enter the CBD market with CBD-infused merchandise.
Not content material to relaxation on our laurels because the originator of hemp-derived CBD merchandise, Medical Marijuana, Inc. and our household of corporations proceed to innovate new CBD merchandise and additional good our CBD pipeline to make sure we’re providing our prospects solely the most effective CBD merchandise accessible.
Licensing the U.S. Authorities Patent on Cannabinoids
Together with our shopper CBD merchandise, Medical Marijuana, Inc. is working to develop cannabinoid-based prescription drugs for a lot of medical circumstances by means of our portfolio of investments.
Medical Marijuana, Inc. portfolio firm Kannalife™ Sciences was awarded the first licenses to make use of the U.S. Authorities’s patent on cannabinoids – patent 6,630,507: Cannabinoids as antioxidants and neuroprotectants.
The corporate is utilizing these licenses to develop cannabinoid-based pharmaceutical therapies for a pair of neurological ailments: hepatic encephalopathy or HE, a liver-brain dysfunction, and CTE or power traumatic encephalopathy, the degenerative mind illness found in lots of NFL soccer gamers, related high-impact athletes, and others who skilled head trauma, like army veterans and people in car accidents.
Synthesized Novel CBD-like Molecule KLS-13019
Utilizing their licenses on the federal government’s hashish patent, Kannalife™ Sciences developed a novel, CBD-like molecule, KLS-13019. Measurements present this artificial cannabinoid is 50 occasions stronger (and 400 occasions much less poisonous) than pure CBD, making it a powerful candidate for pharmaceutical purposes. Kannalife™ intends to make use of this molecule to deal with neurodegenerative ailments like HE and CTE, in addition to Alzheimer’s illness, Parkinson’s illness, and Huntington’s illness.
Patenting Chewing Gum as a Supply Methodology for Cannabinoids
Deepening our pharmaceutical portfolio, MJNA took a major place in development-stage pharmaceutical firm AXIM Biotechnologies (OTC: AXIM). The corporate has since been awarded a U.S. Patent for chewing gum as a supply technique for cannabinoids. Chewing gum is poised to be a significant product class for each the medical and leisure use of cannabinoids like CBD and THC.
Utilizing this expertise, AXIM’s is within the midst of pharmaceutical product improvement focusing on a number of sclerosis ache and muscular spasticity, nausea, stressed leg syndrome, and drug induced psychosis.
Legalization of CBD Oil in Brazil
By 2014, phrase of the advantages of CBD had travelled world wide, and sufferers and shoppers exterior the U.S. started calling for authorized entry to hemp-derived CBD merchandise.
In Brazil, the place there was beforehand no distinction between marijuana and hemp, we labored straight with native sufferers and their households in a grassroots effort to assist them entry Actual Scientific Hemp Oil™ CBD merchandise legally. After a category motion lawsuit and historic courtroom ruling, the nation’s well being authority authorized our CBD oil merchandise as a prescription treatment for refractory epilepsy.
Over time, this system has gone so nicely that medical doctors now can write prescriptions for sufferers with different neurological issues akin to Alzheimer’s illness and Parkinson’s. Brazil now absolutely subsidizes Actual Scientific Hemp Oil™ CBD oil as a part of the nation’s healthcare program. Our subsidiary HempMeds® Brasil helps hundreds of households by means of a community of lots of of medical doctors across the nation.
First Authorized CBD Product in Mexico
Two years later, we had been in a position to assist sufferers in Mexico safe the first ever official certificates of import for Actual Scientific Hemp Oil™ CBD oil merchandise within the nation. Like in Brazil, Medical Marijuana, Inc. labored with households and sufferers in Mexico to petition the federal government for entry to CBD by means of a brand new subsidiary, HempMeds® Mexico.
With a purpose to fulfill Mexico’s rules and ship our CBD oil to sufferers, we developed the primary ever THC-free hemp oil product, RSHO-X™. Acceptance of our CBD merchandise was a catalyst for hashish reform in Mexico, resulting in the legalization of medical hashish and a loosening of rules on entry to CBD. HempMeds® Mexico now helps hundreds of households across the nation and companions with lots of of medical doctors.
Later that very same 12 months, Medical Marijuana, Inc. started transport CBD oil merchandise to a 3rd Latin American nation when RSHO turned the primary CBD product to be authorized by Paraguay for import. By way of our enlargement efforts in Central and South America, over 300 million folks have gained authorized entry to CBD.
Talking Earlier than World Well being Group about CBD Security
In 2017, Medical Marijuana, Inc. subsidiary HempMeds® Mexico turned the first firm to deal with the United Nations and the World Well being Group about CBD.
HempMeds® Mexico President Raul Elizalde spoke on the Thirty-Ninth assembly of the Skilled Committee on Drug Dependence to debate CBD’s advantages and lack of psychoactivity and share his circle of relatives’s first-hand expertise with CBD.
Primarily based on the testimony of Raul and different specialists, the WHO confirmed the security and well being advantages of CBD, stating that, as a result of there may be zero probability for habit, CBD shouldn’t be a Scheduled Drug.
Kannaway Expands CBD Entry in Europe
Medical Marijuana, Inc. subsidiary Kannaway, the primary hashish firm to make use of the direct promoting mannequin, expanded operations into Europe, formally celebrating its grand opening in 2018. The corporate held a sequence of occasions in Europe’s main cities to advertise its line of hemp-based merchandise, generate pleasure for the incomes alternative supplied by Kannaway, and develop its staff of European model ambassadors.
The corporate now ships its line of hemp and CBD merchandise to 35 international locations, together with all through the U.S., practically all the European Union, and to numerous territories inside these areas. As a part of Kannaway’s enlargement efforts, the corporate labored with European regulatory authorities to teach them on CBD as they create rules on this new European trade.
Partnering with ECHO Connection
Nothing is extra necessary to us at Medical Marijuana, Inc. than bringing the advantages of cannabinoids to those that want them most. That’s why we’re so proud to work with ECHO as our official charitable associate. With assist from donations from the Medical Marijuana, Inc. household of corporations, ECHO Connection has been in a position to help over 100 households with product donations totaling practically $1M – and rising.
Extra info is discovered on their web site: www.echoconnection.org.
Thanks for following together with Medical Marijuana, Inc.’s first ten years. As we glance again in any respect the lives we’ve touched, we all know that we couldn’t have finished it with out our traders, staff, prospects, and companions all world wide. We couldn’t be extra excited for what’s to return for Medical Marijuana, Inc. and the hashish trade within the subsequent 10 years!
You may sustain with the most recent from Medical Marijuana, Inc. and our portfolio of corporations by visiting our information feed.