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MARIJUANA COMPANY OF AMERICA INC. (OTC: MCOA) Breaking News
September 25, 2018
 

Something for Everyone: Baby Boomers Signify Shift in the Cannabis Market


New York, NY –  September 25, 2018 – CannabisNewsWire.com News Coverage:  Since they came onto the scene after World War II, baby boomers have heavily impacted the world around them, and their influence is being felt now in the emerging cannabis market.

  • A recent survey has shown a significant increase in cannabinoid-derived product consumption in the United States, most notably among baby boomers.

  • With a combination of disposable income, health issues and liberal attitudes towards drugs, baby boomers represent a natural market for cannabis companies.

  • This trend also signifies wider growth and diversification of products and customers in the industry.

Marijuana Company of America (OTC:MCOA) is tapping into this growing market through the production of industrial hemp and the marketing of a wide range of CBD wellness products. Having started out as a medical cannabis company, Organigram Holdings, Inc.  (OTC:OGRMF) is adjusting to shifting markets by appealing to recreational consumers while showing loyalty to its existing customer base. A focus on research provides CV Sciences, Inc. (OTC:CVSI) with a growing range of products and the credibility to appeal to health-conscious cannabis consumers. Global innovator and market leader Isodiol International, Inc. (OTC:ISOLF) recently received approval for its cannabidiol (CBD) to be designated as an active pharmaceutical ingredient. And Cannabis Strategic Ventures (OTC:NUGS) just launched a new line of CBD-based luxury skin, hair and body products.

To view an infographic of this editorial, click here.

The Changing Face of Cannabis

It’s hardly surprising to see that baby boomers are an important part of the cannabis and hemp markets. The generation that saw marijuana gain counter-culture popularity in the ‘60s and ‘70s is also a generation with considerable disposable income. As they head into retirement and old age, many baby boomers are looking for ways to enjoy their wealth, as well as ways to manage physical ailments. The growth of both the medical and the recreational cannabis sectors in North America means that this product can cater to both desires.

The growth in cannabinoid consumption by baby boomers is just part of the expansion of the cannabis market. Given the chance to openly research plant and products, manufacturers are vastly increasing the potential of cannabis. Improved strains improve the performance and profitability of the drug, while derivative products and support services turn what was essentially a single product into a whole sector.

Baby Boomers and Cannabis Consumption
 

For companies such as Marijuana Company of America (OTC: MCOA), baby boomers are an increasingly important market sector. A recent survey of nearly 18,000 adult Americans found that cannabis is becoming increasingly popular among the older generation. The number of cannabis users in the United States has nearly doubled over the past decade, despite it still being illegal in several states and only available for medical use in most. Around 9 percent of those aged 50 to 64 had used cannabis at some point in the year preceding the survey. Among those aged 65 and above, the figure was 3 percent. And while those numbers may not seem impressive, they are steadily growing and represent an increasingly large market for MCOA and its competitors to tap into.

What’s causing this growth in older cannabis users?

Shifting attitudes are clearly a factor. Many baby boomers came of age in the ‘60s and ‘70s, when the hippy movement raised the public profile and popularity of cannabis. They were therefore raised with marijuana as a feature of popular culture, even if they personally didn’t indulge in it. More recently, a shift away from the criminalizing policies of the 1980s towards a more liberal view has started to change attitudes across the generations.

Growing availability is a factor as well. The legalization of medical cannabis in many states has made the drug accessible in ways that it wasn’t before. Given the prevalence of chronic pains and ongoing ailments among those aged 60 and over, it’s relatively easy for seniors in medical cannabis states to get a prescription. And in the states where it’s legal for recreational purposes, the only bar to use is the social attitude of the consumer.

Having grown up during an economic boom and an era with greater government support, baby boomers have emerged with the wealth to enjoy their hobbies in retirement. And for many, cannabis is now one of those hobbies.

Something for Everyone

Baby boomers are just one part of recent growth in the cannabinoid product market. It’s a pattern of growth driven in part by the increasing diversity of cannabis products, sold through separate but interconnected markets.

The first to emerge was the medical cannabis sector. This has grown from a small niche to an important part of the North America market, with cannabis and hemp now legal in parts of the United States and Canada. Millions of people use cannabinoid-based products regularly to help manage chronic pain and treat other ailments, leading to growing recognition that the legal definition of cannabis as having no medical use was both absurd and unscientific.

Medical cannabis has been followed in recent years by the legalization of recreational cannabis. Nine U.S. states and the District of Columbia have taken this step. Canada is following suit on a national level, with legalization coming this October. Strains of cannabis and brands of products aimed at recreational consumers are emerging to cater to a different market from the medical one.

Alongside these products are others related to or derived from other cannabinoids, such as CBD. Industrial hemp, which produces CBD in large quantities, is grown by companies including MCOA, who has the potential to capture a piece of what is projected by The Brightfield Group to be a $22 billion market by 2022. Following trials over the past few years, the cultivation of industrial hemp looks set to become legal across the United States with the upcoming passage of the 2018 Farm Bill.

A wide range of products have been produced using active compounds from hemp. Oils and pills derived from cannabidiol oil (CBD) are increasingly popular in the health and wellness markets, finding their place on the shelves of wholefood shops.

Catering to Varied Needs

One of the reasons for the success of cannabis companies is their ability to manufacture and distribute CBD-related products for vastly different purposes. MCOA’s hempSMART™ product line shows how these companies build up a range of distinct but related products. hempSMART makes use of cannabidiol (CBD), a non-psychoactive chemical found in cannabis and widely used in health and wellness products.

HempSMART Pain and hempSMART Pain Cream use CBD for one of cannabis’s most widely recognized uses — pain management in relation to minor physical activity. It’s why cannabis had grown so popular and part of why its derivatives are also proving so popular with a variety of different age groups.

HempSMART Brain, on the other hand, is designed to improve clarity, concentration and alertness. HempSMART Face has found a way to use CBD in a moisturizer that moisturizes and replenishes the skin cells on your face. And hempSMART Pet Drops let people share the benefits of CBD with their animal companions. It’s a level of variety that may allow MCOA to get its products into many niches, increasing brand awareness as well as sales.

By creating a wide range of products, cannabis companies are catering to a growing number of markets. By helping with issues such as alertness and pain management, they’re ensuring their relevance to that crucial baby boomer market.

Expanding the Range of Cannabis Products

That sort of varied approach to cannabis is leading to growth for Organigram Holdings, Inc.  (OTCQX:OGRMF). Once a medical cannabis company, Organigram still has a strong focus on that market and is showing its commitment to patients by covering the cost of excise tax on their cannabis. But it’s also expanding into the recreational market, contributing one of its award-winning flowers to the world’s first recreational cannabis variety kit. Creating products such as variety kits and gift sets turns cannabis into more of a luxury consumer product, one to be purchased for special occasions.

CV Sciences, Inc. (OTCQB:CVSI) is strongly focused on the research side of cannabis, using this as both a source of new products and a way of validating its work to consumers. It’s the sort of work that adds credibility to arguments that cannabis is safe and useful for consumers.

Isodiol International, Inc. (OTCQB:ISOLF) is a market leader in pharmaceutical-grade pure, natural CBD and an industry leader in the manufacturing and development of CBD consumer products. The company’s line of consumable and topical skin care products features 99 percent-plus pure, natural isolated CBD, micro-encapsulations, and nano-technology for the highest quality products.

 

Cannabis Strategic Ventures (OTC:NUGS) is marrying cannabis science with an increasing global demand for luxury personal care products in LYXR, its newest product line. LYXR products are developed from a line of hemp-derived phytocannabinoids combined with other natural ingredients that provide high-performing skin, hair and body topical solutions. LYXR’s inaugural product will be a face mask designed to provide hydrating and anti-aging/age prevention benefits. The LYXR product line will eventually include skin, hair and body products.

The cannabis market is seeing huge growth in the variety of both products and customers. With baby boomers increasingly enjoying cannabis into retirement, marijuana appears to be well on its way to entering the mainstream.

For more information about MCOA, please visit Marijuana Company of America (OTC: MCOA).

About CannabisNewsWire
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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DISCLAIMER: CannabisNewsWire (CNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with CNW or any company mentioned herein. The commentary, views and opinions expressed in this release by CNW are solely those of CNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable CNW and FNM for any investment decisions by their readers or subscribers. CNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, CNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.

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Canadian Cannabis Legalization Set to Transform the Industrial Hemp Industry


New York, NY –  September 19, 2018 – CannabisNewsWire.com News Coverage:  The legalization of cannabis in Canada is about to bring big changes not just for medical cannabis companies but for hemp growers as well.

  • The law legalizing recreational cannabis in Canada will come into force on October 17.

  • This will create new opportunities for hemp growers to produce the plant for CBD extraction.

  • Hemp growers will now be able to profit from all parts of the plant.

  • Cannabis companies are experimenting with growing techniques, expanding their businesses, and seeking supply agreements in preparation for the change.

Marijuana Company of America (OTC:MCOA), which grows industrial hemp in Canada, will now be able to sell leaves and flowers as well as other parts of its plants, and is preserving this year’s crop in preparation for the change. In the United States, Isodiol International, Inc. (OTC:ISOLF) is raising the profile of the industry through a celebrity partnership and the expansion of its retail chain. Aurora Cannabis, Inc. (OTC:ACBFF) has been acquiring financing to fund a program of expansions and takeovers, preparing the way to dominate the American market. Organigram Holdings, Inc. (OTC:OGRMF) and Emerald Health Therapeutics (OTC:EMHTF) have both set up a string of supply agreements, giving them quick access to the Canadian recreational market come October.

To view an infographic of this editorial, click here.

Transforming Canada’s Cannabis Industry

On October 17, cannabis will become legal in Canada. Under the provisions of the Cannabis Act, Canadians will be able to buy and consume cannabis for recreational as well as medical purposes. Careful licensing, together with clear rules around cultivation and processing, will ensure that a previously illegal industry becomes a well-regulated part of the legal economy. As Prime Minister Trudeau said when the law was passed, “It’s been too easy for our kids to get marijuana — and for criminals to reap the profits. Today, we change that.”

The Cannabis Act promises to be a great boon to the Canadian economy. Since 2014, the Canadian medical cannabis industry has grown to include over 100 licensed companies, many of which will be able to expand their sales and research under the new rules. In a year’s time, further rules will come into force that allow the sale of concentrates and edible cannabis products, creating a cannabis food and drink industry. But one of the biggest changes will take place within the industrial hemp industry.

Cannabis without the High

While the term “cannabis” is most often used to refer to plants with psychoactive effects, it actually covers a broader range of crops. One of the most historically prevalent varieties of cannabis is industrial hemp, a form of cannabis grown by companies such as the Marijuana Company of America (OTC:MCOA).

Industrial hemp is distinct from more controversial forms of cannabis — marijuana — in that it does not contain tetrahydrocannabinol (THC), the active ingredient that gets users high, but rather it contains cannabidiol (CBD), which has recently grown in popularity due to its variety of medicinal benefits. Hemp was used for hundreds of years to produce fibers for cloth and rope and was widely grown in North America. But for most of the past century, it has been out of production thanks to broad-ranging anti-cannabis legislation.

The past few years have seen a resurgence for industrial hemp. Legislation created for the cultivation of medical marijuana has created the opportunity for companies such as MCOA to grow hemp in Canada. In the United States, the 2014 Farm Bill created legal space for trial crops of hemp. That bill’s 2018 successor appears set to make it entirely legal in the United States, allowing farmers to grow a highly profitable new crop.

The passing of the Cannabis Act will further improve the potential of hemp in Canada, as it will allow producers to extract cannabidiol (CBD). Cannabidiol is an active ingredient that’s commonly found in high concentrations in certain varieties of industrial hemp. It doesn’t have the psychoactive properties of THC but has been shown to have beneficial effects on health. As a result, it’s used in a growing variety of health and wellness products, including MCOA’s brand hempSMARTTM.

Using the Whole Plant

Up until now, Canadian hemp producers have been limited in what they can do with the plant. The seeds could be extracted and used; fibers could be turned into textiles; and leftover elements known as hurds could be turned into either animal feed or construction materials. The use of leaves and flowers was specifically prohibited.

The Cannabis Act allows for a broader range of uses. Health Canada has proposed the introduction of new industrial hemp licenses to make this a reality. Under the proposed system, industrial hemp producers will be able to sell the whole plant or any of its parts to other licensed operators within the hemp industry. They could even process it themselves, extracting CBD oil as well as seeds, fibers and hurds.

It’s a change that will create a more efficient and profitable industry, as parts of the plant will no longer go to waste. And growing interest in CBD as a wellness ingredient could lead to a significant rise in income for hemp farmers. Companies such as MCOA, whose operations cover the whole industrial chain from hemp production to the sale of CBD products, will be able to build solid, sustainable supply chains that maximize profits at every step.

This is all before taking into account the possibility of agricultural subsidies. There is currently disagreement within Canada over whether cannabis growers will be eligible for subsidies under existing rules, but with the arrival of cannabis-based foods and beverages next year, lines will become increasingly blurry. MCOA and its joint venture partner, Global Hemp Group Inc., have received financial support from Canadian government agencies to research hemp cultivation. As the commercial landscape changes, hemp producers may soon find themselves eligible for even more government help.

Sowing the Seeds for a Growing Industry

MCOA’s growth in the Canadian hemp sector comes through its establishment of a high-yielding CBD hemp cultivation project in New Brunswick (NB). This collaboration with Global Hemp Group has revived hemp cultivation in the region 20 years after a previous effort failed.

The joint venture partners are in process of completion of the first phase of what is known as the Hemp Agro-Industrial Zone, or HAIZ. The aim of the HAIZ is to provide a steady supply of hemp by building a local industrial cluster, guaranteeing a market for farmers and leading to year-round jobs for others in the region. Through trial crops and careful measurement of the results, the project is providing valuable data on important issues such as pests, fertilizers and growth rates.

Recent developments at the site include the installation of drying equipment in preparation for processing. In the short term, this will allow the company to effectively store its current harvest until it can be sold and processed under the rules coming in October. In the longer term, it will increase its options for growing, processing and selling hemp. The joint venture partners are currently in the process of negotiating off-take agreements with extraction companies to sell the biomass produced during the October harvest in New Brunswick.

MCOA and its partners in New Brunswick have been finding ingenious ways to improve techniques impeded by decades outside the law. This year, the team in NB experimented with a modified bean harvester to strip leaves and flowers from the plants without picking up much straw. Based on the results, this technique is being extended to the entire 125-acre project.

Cannabis Cultivation Creates New Industry

In less than two decades, a whole new industry has grown up around the cultivation of hemp and other forms of cannabis. Even with restrictions still tight in much of the world, companies are finding ways to legally profit from these crops.

Isodiol International, Inc. (OTCQB:ISOLF) has become an important and active voice for the industry, employing former NFL player Marvin Washington as a director and spokesperson. The company has developed a variety of cannabis and CBD-derived products, tapping into the medical and vaping markets. Its KURE Corp subsidiary provides a strong retail front and has recently set its sights on further expansion through new and acquired shops.

A prominent player within the industry, Aurora Cannabis, Inc. (OTCQX:ACBFF) is making the most of a young market to rapidly expand its business. A $150 million loan from the Bank of Montreal is giving it a short-term financial boost to get ahead of the long-term game. It’s this sort of long-term thinking that has led the company to acquisitions such as the takeover of MedReleaf, increasing Aurora’s market share. Some commentators have compared this strategy with that of Amazon, focusing on market dominance as the route to profit.

Organigram Holdings, Inc.  (OTCQX:OGRMF), a medical cannabis company, is preparing to expand into Canada’s recreational market in October. The company has established a number of agreements with other companies, most recently the Nova Scotia Liquor Corporation, to supply its products to stores. These agreements will ensure that the legal recreational market quickly grows from a principle to a reality.

Emerald Health Therapeutics (OTCQX:EMHTF) is also setting up supplier agreements to give it a place in the recreational starting lineup. Its partners include the Newfoundland Labrador Liquor Corporation and Ontario Cannabis Retail Corporation.

The Canadian cannabis industry is set to experience a transformation on October 17, one that will prepare companies to expand as laws change elsewhere in the world. From medical cannabis companies to hemp growers, many business enterprises are likely to profit from this change.

For more information about MCOA, please visit Marijuana Company of America (OTC:MCOA).

 About CannabisNewsWire - CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

 DISCLAIMER: CannabisNewsWire (CNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with CNW or any company mentioned herein. The commentary, views and opinions expressed in this release by CNW are solely those of CNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable CNW and FNM for any investment decisions by their readers or subscribers. CNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, CNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.

CNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.  The forward-looking statements in this release are made as of the date hereof and CNW and FNM undertake no obligation to update such statements.

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Latest Farm Bill Developments Hold Out Hope for Hemp Farmers


New York, NY –  September 12, 2018 – CannabisNewsWire.com News Coverage:  After years of wrangling, the U.S. Congress stands on the verge of legalizing the cultivation of industrial hemp.

  • Hemp is a variety of the cannabis sativa plant that doesn’t generate a psychoactive effect.

  • Traditionally used to produce cloth and rope, hemp can also now be used in wellness products and food.

  • Competing legislations by the House and Senate are being aligned with an anticipated September 30 deadline.

  • The legalization of hemp has cross-party support and appears likely to pass.

The expected change in U.S. law will be beneficial for companies such as Marijuana Company of America (OTC:MCOA), which is already invested in industrial hemp and support for hemp growers. Across the border, Canopy Growth Corp. (NYSE:CGC) has established acres of Canadian hemp cultivation and gained financial backing that would support huge growth. Aurora Cannabis, Inc. (OTC:ACBFF) has also received substantial funding in the past few months, which will help its ongoing expansion effort. Hemp cultivation will provide plentiful CBD to be used by companies such as CV Sciences, Inc. (OTC: CVSI) as an ingredient in a wide and growing range of health and wellness products. All this growth is aided by support companies such as Terra Tech Corp. (OTC: TRTC), which provides equipment for cannabis cultivators.

 Hemp: Caught Between Politics and Business

Industrial hemp is a crop with a strange history in the United States. For centuries, it was used to produce products such as ropes and sails, playing an integral part in the economy. This ended in the twentieth century when hemp was caught up in a broad ban on the cannabis family of plants, despite the fact that hemp itself is not usable as a recreational drug. Now its tentative return depends upon the outcome of a far broader agricultural bill. 

Because it doesn’t share the psychoactive properties of marijuana, hemp has potential to be regulated and grown separately. Early tests in restoring this industry have produced significant profits for farmers. If the political will can be found to change its status, it could create great opportunities for businesses and their suppliers. 

Hemp Cultivation Project in the United States

Several companies, including Marijuana Company of America (OTC:MCOA), are already growing hemp in the United States with their Scio, Oregon Cultivation Project, in conjunction with their joint venture partner Global Hemp Group Inc.  

Under their high-yielding CBD hemp cultivation projects, the two joint venture partners have formed Covered Bridge Acres, LTD. The key to the project was the acquisition of a 109-acre agricultural property in Scio, Oregon, with a history of hemp cultivation over the past few years. In July 2018, 40,000 hemp clones were planted on the property for Cannabidiol (CBD) propagation on approximately 33 acres of the property.   

MCOA and GHG are now in the process of evaluating different harvesting, drying, storage and processing strategies in preparation of an early October harvest. The joint venture partners are also in negotiations with guaranteed offtake agreement offers and are considering strategies involved with selling the attained biomass from harvest in bulk.

When Is a Drug Not a Drug?

Hemp is one of a range of different cannabis plants. Unlike the versions smoked by recreational users, it doesn’t contain significant quantities of tetrahydrocannabinol (THC), the chemical that gets smokers high. It does contain the active ingredient cannabidiol (CBD), which has been widely reported to have medicinal value — reports that now have been substantiated by the U.S. Food and Drug Administration. Importantly, hemp also contains fibers that can be used for a wide range of purposes. 

In the twentieth century, cannabis plants were banned as the U.S. government and others worldwide cracked down on drug use. Though hemp doesn’t get drug users high, the governments apparently banned the cannabis plant because of the difficulty of distinguishing between the plant varieties. The decision to include hemp in a list of banned drugs was based on political expediency rather than science. 

Fast forward to the twenty-first century and the rules surrounding hemp have started to change, allowing the creation of companies such as MCOA. Hemp has a huge number of potential uses, including the manufacture of cloth and paper and the processing of food. Under licenses designed to cater to research and the medical market, farmers have begun growing industrial hemp with expectations of earning up to 150 times as much money per acre of land as they would growing alfalfa.

The Great Agricultural Debate

Farm bills are an important part of how the U.S. government establishes policy around food and agricultural production and how that policy is enshrined in law. Roughly every five years, Congress creates a bill covering a wide range of agricultural topics. With its huge financial implications and many different political angles, passing the bill can be a messy business. 

Following a pilot research program for hemp growers created in the 2014 Farm Bill, the current Farm Bill includes the legalization of industrial hemp. There’s a lot at stake for hemp growers as well as those hoping to enter and establish a foothold in the industry. The U.S. Hemp Roundtable has gone so far as to hire attorney Daniel Cameron, an experienced Washington legal counsel, to lead its advocacy on the bill

The House and Senate have both passed versions of the 2018 Farm Bill that support the legalization of the hemp industry without drug enforcement oversight. On Sept. 5, the first bicameral conference committee on this Farm Bill began meeting in an attempt to resolve competing elements between the two bills, with a deadline to present the president with an agreed-on final version of the bill by the end of the month.

The good news for companies such as MCOA is that the hemp element of the Farm Bill has cross-party support. Hemp’s potential to revive the fortunes of American farmers makes it a potential vote-winner for rural politicians nervously eyeing up the polls. The bad news is that in a bill affecting everything from agricultural subsidies to environmental conservation to food stamps, there’s plenty for politicians to disagree over.
 

Hemp Products

Sail cloth and rigging were enough to make hemp profitable in the eighteenth century, but the world has changed since then. So what sort of products can the world expect to see from a resurgent hemp market? 

Many products will undoubtedly be targeted towards the health and wellness market, using CBD as an active ingredient. A leading example of these types of products is MCOA’s hempSMART line, including hempSMART Brain, which is developed to help with alertness and concentration; hempSMART Pain Capsules and Pain Cream, formulated to be an effective product combination for the temporary relief of minor pain associated with physical activity; hempSMART Full Spectrum Drops; and hempSMART Face, a nourishing facial moisturizer infused with Ayurvedic herbs and botancials.  

A Growing Industry

Many companies already engaged in the cannabis market are exploring ways they may be able to benefit from the growing popularity of hemp. Canopy Growth Corp. (NYSE:CGC), one of Canada’s foremost cannabis companies, has a hemp division with expertise in this area and acres of hemp production already under way. The company also recently received a $4 billion investment from Constellation Brands, a leading beverage company, to help it expand within the fast-growing cannabis market. With such levels of investment, Canopy Growth will be in a strong position to increase production as the market for hemp products grows. 

The medical use of CBD is a major area of interest for Aurora Cannabis, Inc. (OTCQX:ACBFF), which is developing different strains of cannabis to benefit from their different medical properties. Like Canopy Growth, Aurora has an eye to expansion while the market is still young. Its recent takeover of MedReleaf appears to be just one step in a far bigger plan. The company has just taken out a $150 million loan with the Bank of Montreal, betting on the power of a short-term financial boost to make it a market leader, more than capable of repaying the debt when the time comes. 

Another company exploring the medical potential of CBD is CV Sciences, Inc. (OTCQB:CVSI). CV Sciences has a strong focus on research, with a division devoted to developing new drugs that use CBD as an active ingredient. Its consumer products division works through health care providers, health food shops and online sales to market CBD-based wellness products. 

The increasing number of growers is good news for supporting companies such as Terra Tech Corp. (OTCQX:TRTC). Terra Tech produces growing systems — including moving tables and hydroponics — for cannabis farmers. These products are designed to increase the productivity of indoor cannabis cultivation, which is where a lot of CBD and marijuana plants are grown. The company’s environmentally friendly systems can reduce waste and thereby cut costs while also increasing productivity.  

The anticipated changes in the U.S. laws governing hemp cultivation signal implications for a large number of companies in the wider cannabis sector as well. If the Farm Bill gets through Congress as expected this month, it could open up a sea change in agricultural production and U.S. wellness industry products.

For more information about Marijuana Company of America, please visit Marijuana Company of America (OTC:MCOA).

 About CannabisNewsWire
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MARIJUANA COMPANY OF AMERICA PROVIDES UPDATE ON CBD HEMP JOINT VENTURE FARMING PROJECT IN NEW BRUNSWICK CANADA


ESCONDIDO, CA -- August 30, 2018 -- MARIJUANA COMPANY OF AMERICA INC. (OTC: MCOA) ("MCOA" or the "Company"), an innovative hemp and cannabis corporation, and its joint venture partner Global Hemp Group Inc. (CSE: GHG) (OTC:GBHPF) (FRANKFURT: GHG) (the “Partners”) are pleased to provide an update on their CBD hemp farming joint venture in New Brunswick, Canada (the “Project”).

Dryer Installation
Drying of the biomass is an important first step in the extraction of the cannabinoids from the hemp plant. The partners are pleased to announce that the Project’s industrial scale dryer from Cann Systems was delivered last week and has now been installed.

The dryer holds multiple bins of material, for a total processing capacity of just over one tonne of fresh hemp biomass per load. Initial testing is in progress and will be completed by the end of this week. Once the biomass has been dried from this year’s harvest, it will be stored until the implementation of the Cannabis Act on Oct. 17, 2018, at which time the biomass can be legally sold for extraction. Health Canada has recently issued a new Class Exemption to the Industrial Hemp Regulations that allows hemp cultivation license holders to legally harvest, dry and store flowers, leaves and branches prior to the passage of the Cannabis Act. Management is currently in discussions with potential offtakers for selling the dried biomass in bulk, as well as exploring potential strategies for toll extraction and the marketing and distribution of processed and refined oils.

Innovation in the Hemp Industry
It is now nearing harvest time at the New Brunswick Hemp Project. To maximize profit, it is important to harvest as much of the higher CBD content flowers and leaves as possible, without undue amounts of the low to no CBD straw (the stalk). This year’s drought has complicated matters as the hemp plants have tended to be shorter than usual, and the weeds are taller as they were able to get a head start before the hemp began growing, although the hemp is still displaying very healthy and weighty inflorescence. These issues that are perceived as problems at they occur, may benefit the hemp plants which tend to produce more biomass as a result of stress from competition with weeds and the effects of the drought.

In order to succeed in the hemp industry, a certain amount of ingenuity and innovation is required more often than not. Our farming group is a good example of this ingenuity. Sometimes repurposing existing equipment on hand will work to achieve the required result. To combat the higher than normal weed height and to maximize the value of the harvest by taking just the most valuable parts of the hemp plant, a small harvesting trial was conducted by one of our farmers using an OXBO bean harvester. The bean harvester is able to strip the plant of all leaves and inflorescence, while picking up very little straw, which is ideal for this year’s crop. Based on the positive results of this trial, the bean harvester will be used to complete the harvest of the entire 125 acres of hemp cultivated under the joint venture project with MCOA this year.

In non-drought years, other harvesting tools will be required and the innovative farmers of our group have already begun strategizing on potential solutions that will be applicable next year when the Partners move forward with an aggressive expansion strategy to significantly increase CBD acreage as well as fully exploit the whole hemp plant and process the straw for industrial applications.

New Research Collaboration
The drought in northeast New Brunswick has not affected all fields uniformly. One of our fields is reported by DAAF field agrologists as “one of the finest of the province”. Aside from the obvious economic benefit in terms of increased yields, this field offers the opportunity to contrast high and low performing plants of a given variety in the same location, shedding some light on the role of plant nutrition in explaining the performance of hemp plants. Dr. Ron Smith from University of New Brunswick will spearhead a research project focused on the issue. The Partners and the National Research Council have committed to provide financial support for the study.

About Marijuana Company of America, Inc.
MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART™”, that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreations use; and, (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop.

About Global Hemp Group Inc.
Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF) (FRANKFURT: GHG), is headquartered in Vancouver, British Columbia, Canada, with base operations in Montreal and Los Angeles. The Company is focused on a multi-phased strategy to build a strong presence in the industrial hemp industry in both Canada and the United States. The first phase of this strategy is to develop hemp cultivation with the objective of extracting cannabinoids (CBD, CBG, CBN & CBC) and creating a near term revenue stream that will allow the Company to expand and develop successive phases of the strategy. The second phase of the plan will focus on the development of value-added industrial hemp products utilizing the processing of the whole hemp plant, as envisioned in the Company’s Hemp Agro-Industrial Zone (HAIZ) strategy.

Forward Looking Statements
This news release contains "forward-looking statements" which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as "anticipate", "seek", intend", "believe", "estimate", "expect", "project", "plan", or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-12G, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.

For more information, please visit the Company’s websites at:
MarijuanaCompanyofAmerica.com
hempSMART.com
NetworkNewsWires/MCOA
Source:  Marijuana Company of America, Inc.

 

MARIJUANA COMPANY OF AMERICA PROVIDES UPDATE ON ITS INVESTMENT IN MONEYTRAC TECHNOLOGY


ESCONDIDO, CA -- August 29, 2018 -- MARIJUANA COMPANY OF AMERICA INC. (OTC: MCOA) ("MCOA" or the "Company"), an innovative hemp and cannabis corporation, is pleased to announce that it has received 150,000,000 shares of common stock of Global Payout Inc. (OTC: “GOHE”) as part its reverse merger with MoneyTrac Technology. Based on the market price of GOHE’s stock on the date of the share issuance, MCOA has a contingent unrealized gain of approximately 700% on its $250,000 investment, subject to future price fluctuations in the market for GOHE’s stock.

On March 13, 2017, MCOA entered into a stock purchase agreement to acquire 15,000,000 common shares of MoneyTrac Technology, Inc., for a total purchase price of $250,000.

As part of MoneyTrac’s merger with GOHE, GOHE issued shares from treasury to MCOA on August 24, 2018. On the date of the share issuance, the closing price of GOHE’s stock was $.0116 a share, valuing the 150M shares position at approximately $1,740,000.

Regarding the share issuance, Don Steinberg, President and CEO stated, “we are pleased to announce that we have received a substantial amount of stock in GOHE. Since we are receiving stock in a publicly traded company, we have the opportunity to realize a gain from our investment in MoneyTrac to help provide the Company with capital to help accomplish our aggressive growth goals and business plan in 2018.”

About Marijuana Company of America, Inc.
MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART™”, that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreations use; and, (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop.

About Global Payout, Inc. (OTC Pink:GOHE)
Since the Company's inception in 2009, Global Payout, Inc. has been a leading provider of comprehensive and customized prepaid payment solutions for domestic and international organizations distributing money worldwide. In 2014, Global introduced its first online payment platform called the Consolidated Payment Gateway (CPG), which allowed its enterprise clients to transfer money to international bank accounts, mobile accounts, and prepaid card accounts. The development of the CPG became the foundation for the introduction of its new, state of the art FINTECH payment system in 2017, for both online and mobile applications to allow account holders to maximize an expanded suite of financial services and minimize operational costs. Global will continue to offer their FINTECH payment system to many vertical markets for support of foreign currency exchange and digital currency, including ongoing support of the banking industry and international governments.

About MoneyTrac Technology
MoneyTrac Technology, Inc. (MTRAC) is a “New Age Technology Holding Company” offering a full-service solution for alternative banking and electronic financial marketplace with technology offerings including Payment Platform, Blockchain, Crypto-Commodity Exchange, Compliance, POS, E-Wallet, Mobile Application and Digital Payment Solutions for businesses and companies in various “high-costs of banking” industries. MTRAC offers additional suites of services ranging from business development, sales and marketing, to digital and print advertisement. We are One Network disrupting the status quo. It is MTRAC’S creative vision to create a “The New Age of Currency™” by bringing innovative technology solutions to various industries and providing the “Key to Cashless™.”

Forward Looking Statements
This news release contains "forward-looking statements" which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as "anticipate", "seek", intend", "believe", "estimate", "expect", "project", "plan", or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-12G, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.

For more information, please visit the Company’s websites at:

MarijuanaCompanyofAmerica.com
hempSMART.com
NetworkNewsWires/MCOA

 

Specific Therapeutic Benefits of Cannabidiol (CBD) Validated by FDA


New York, NY – August 8, 2018 – CannabisNewsWire.com News Coverage:  The hemp industry is growing in North America and appears to be set for further expansion thanks to legislation making its way through the U.S. Senate.

  • Hemp is a cultivar of the cannabis sativa plant that lacks the active drug ingredient that makes marijuana users high.

  • It can be used to produce medicinal CBD oil as well as fibers for rope, paper and canvas

  • Even in difficult growing conditions, hemp can provide higher profits than many other crops.

  • It has a lower environmental impact thanks to low water consumption and little need for chemical fertilizers or pesticides.

Marijuana Company of America, Inc. (OTC:MCOA) has hemp already growing at cultivation sites in Canada and the United States, experimenting with improved strains and cultivation techniques. As a provider of hydroponic equipment, Scotts Miracle-Gro Company (The) (NYSE:SMG) is benefiting from the growing cannabis industry and will likely see increased sales thanks to a recent acquisition. Another provider of hydroponics, GrowGeneration Corporation (OTC:GRWG), has already seen a dramatic increase in sales thanks to acquisitions and the rise of cannabis. Micron Waste Technologies, Inc. (OTC:MICWF) (CSE:MWM) is launching specialist waste treatment equipment for cannabis growers. And as federal hemp legislation comes closer to passage, Future Farm Technologies (OTC:FFRMF) (CSE:FFT) is producing millions of hemp seeds ready to be planted by farmers in Maine.

To view an infographic of this editorial, click here.

Bringing Hemp Back

The past decade has seen a rush to embrace legal cannabis in North America. In the United States, 31 of the 50 states now allow its use for medicinal purposes while another 15 allow products derived from cannabis but with restrictions on their active chemicals. Nine states also allow the sale and use of recreational cannabis.

These changes have largely overlooked an important class of cannabis: hemp. This variety of the cannabis sativa plant does not contain tetrahydrocannabinol (THC), the psychoactive ingredient that is the basis of marijuana’s recreational appeal. Historically used in making rope and fabric, hemp became illegal alongside other forms of cannabis because there was no way to distinguish between them. But with new ways to provide that differentiation, industrial hemp appears to be on the cusp of returning to widespread agricultural use in the United States.

The Hemp Revival

Changes in legislation have already allowed a number of companies, including Marijuana Company of America, Inc. (OTC:MCOA), to start growing hemp in the United States and Canada. But as with so much else about cannabis production, this has been somewhat hampered by restrictions at the federal level. Now a change appears to be forthcoming.

In 2014, the Farm Bill allowed farmers to start growing hemp for research purposes. Hemp farming quickly took off, reaching 25,713 acres of harvested land in 2017. And current efforts are afoot to make the crop fully legal.

This isn’t just a publicity-grabbing move from the liberal left. A bill put before Congress by Republican Sen. Mitch McConnell of Kentucky aims to make hemp cultivation legal. It has cross-party support and looks likely to pass despite the partisan divides in Washington. If it does, the bill will allow companies such as MCOA to expand their efforts and may encourage more farmers to grow hemp.

The financial potential of a hemp crop is staggering. The plants can currently be used to produce cannabidiol (CBD) oil, which is used in medicines and wellness products such as those sold by MCOA. Some farmers are expecting revenues of $90,000 per acre for the oil, compared with only $600 per acre for alfalfa, which is currently one of the most popular crops in the United States.

There’s even more profit to be made from a properly developed hemp industry. Given full legalization, a revival of such ancillary industries could allow farmers to profit from both CBD oil and what is currently a waste product once the plant is processed, reviving the hemp fiber industry after nearly a century.

A Better Crop for the Environment

One of the great advantages of hemp is that it’s easier to grow in dry climates than many other crops. Though it needs more water than other crops during the first few weeks of growth, hemp subsequently needs less water and is less vulnerable to drought. This makes it an ideal crop for farmers in arid environments, such as parts of the western United States, as well as those currently facing the impact of climate change.

Reduced water consumption is one of several factors that make hemp an environmentally friendly crop. Growing hemp doesn’t require pesticides and herbicides, meaning that the soil can be left clean and given a chance to recover between other crops. Hemp can also be used instead of trees to produce paper fibers, thus saving trees and reducing the geographical footprint of paper production.

Hemp is a fast-growing plant, capable of growing up to 20 feet in 100 days, allowing farmers to potentially grow a substantial crop in a relatively small area, even in soil conditions where other plants might struggle to survive. With legalization expected with the passing of the Farm Bill, hemp cultivation may grow beyond the small crop levels currently established by companies such as MCOA. An increasing number of farmers are already planting hemp. Once the red tape is eliminated, more will surely jump on board this bandwagon.

Getting Ahead of a Growing Industry

This change is good news for MCOA and its existing hemp cultivation projects. Legal change will give the company credibility as an early adopter in a suddenly expanding field, with the advantages in technique that experience brings.

One of the company’s projects is the continued development of Hemp Agro-Industrial Zone (HAIZ) in New Brunswick, Canada, with its partner Global Hemp Group (CSE:GHG). There, MCOA and GHG have been working with the government to explore different approaches to hemp cultivation and encourage the industry in the region. Supported by a government grant, MCOA and GHG have been conducting experiments that study and evaluate soil conditions and pest problems that could affect hemp crops. Drones allow researchers to accurately assess the success of crops and gain a better understanding of what makes hemp grow best.

More recently, the company has also established a hemp cultivation site in the state of Oregon in another joint venture project with GHG. This 109-acre site features both indoor and outdoor cultivation that allows the company to maintain a steady supply of plants throughout the year.

At the Oregon facility, MCOA and GHG are cultivating hemp varieties with particularly strong yields of CBD. This active ingredient in hemp is being used in a growing variety of medical and wellness products, with applications including increased alertness, the control of epilepsy and pain management. By collecting and analyzing data on hemp strains to augment CBD development, MCOA hopes to establish better profits and wider availability for this important medicine.

Businesses Benefit from Hemp

The ascendance of hemp cultivation and the wider cannabis sector is bringing benefits for companies in supporting services. Scotts Miracle-Gro Company (The) (NYSE:SMG) recently completed the acquisition of Sunlight Supply, Inc., the leading distributor of hydroponics products in the United States. This $450 million deal is the largest transaction Scotts has ever made and will double its sales to cannabis growers, who make extensive use of hydroponic equipment. The lawns and gardens specialist might not be growing cannabis, but as legalization spreads and the sector grows, the company certainly stands to profit from the plant.

Another provider of growing equipment, GrowGeneration Corporation (OTCQX:GRWG), is also set to benefit from an expanding sector. By selling hydroponic systems, nutrients and materials for hydroponic cultivation, the company has seen a steady increase in its profits. Its sales increased 80 percent in 2017, and it has acquired several smaller companies to ensure its growth. The company expects U.S. hydroponic sales to exceed $4.5 billion by 2020, thanks to exponential growth driven by the cannabis sector.

Micron Waste Technologies, Inc. (OTC:MICWF) (CSE:MWM) also supports cannabis cultivators but in a different way. The company provides onsite waste management systems that turn organic waste into clean water. Micron Waste has targeted marijuana cultivators as one of the markets for its products. To celebrate this growing market, the company recently ran a contest to name its specialist cannabis waste digester.

Another specialist in indoor growing equipment, Future Farm Technologies (OTCQX:FFRMF) (CSE:FFT) specializes in LED lighting and vertical farming solutions. Not content with providing supplies to the cannabis sector, the company has entered the market itself with a hemp farm in Maine. The farm is soon expected to provide over 15 million hemp seeds to farmers in the region, which will allow the growers to quickly increase hemp cultivation if the current Farm Bill passes into law.

After being banned for decades, industrial hemp is seeing a rapid rise in North America. It offers opportunities for farmers and suppliers of cultivation equipment. And perhaps most importantly, it offers an environmentally friendly crop for difficult growing conditions.

For more information about Marijuana Company of America, please visit Marijuana Company of America Inc. (OTC:MCOA).
About CannabisNewsWire
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, CNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.

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MARIJUANA COMPANY OF AMERICA PROVIDES UPDATE ON ITS HEMP CBD JOINT VENTURE PROJECT WITH GLOBAL HEMP GROUP IN CANADA


ESCONDIDO, CA -- August 21, 2018 -- MARIJUANA COMPANY OF AMERICA INC. (OTC: MCOA) ("MCOA" or the "Company"), an innovative hemp and cannabis corporation, and its joint venture partner Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF) (Frankfurt: GHG) (the “Partners”) are pleased to provide an update on their CBD hemp farming joint venture in New Brunswick, Canada (the “Project”).

The goal of the hemp project in northeast New Brunswick is, in part, to produce hemp biomass that can be used for the extraction of cannabinoids. In anticipation of Canada’s implementation of the Cannabis Act on October 17, 2018, which will allow for the processing of the entire hemp plant, the Partners began preparing its Bathurst facility for the installation of drying equipment capable of drying 125 acres of flowers and leaves from the 2018 cultivation.

The flowers and leaves of the hemp plant are rich in cannabinoids, notably containing non-psychoactive compounds of Cannabidiol (CBD). CBD, which has gained increasing popularity as of late, has been found to be effective component in a complete personal wellness regimen that has produced an increased demand from consumers for products containing CBD. The Hemp Business Journal estimated that the CBD market will grow to a $2.1 billion market in consumer sales by 2020.

Health Canada issues Class Exemption to the Industrial Hemp Regulations

Health Canada, the governing body in charge of industrial hemp licensing and its regulations in Canada, has recently issued a new Class Exemption in Relation to the Industrial Hemp Regulations (flowering heads, leaves and branches). This will allow the Partners to legally harvest, dry and store flowering heads, leaves and branches of industrial hemp from its 2018 cultivation, prior to the implementation of the Cannabis Act on October 17, 2018, when extraction of CBD from the flowers and leaves from industrial hemp will be legal in Canada. This will enable the industry to take advantage of an entirely new product market utilizing hemp derived cannabinoids.

New Brunswick Facilities
A 4,000 sq. ft. facility was secured in Bathurst, NB for the project in June. The Joint Venture established its offices and soon will complete the installation of processing equipment in the facility. A biomass dryer to process the flowers and leaves from participating farms will be installed before the end of August. The dried flowers and leaves will be stored until mid-October when the Joint Venture is allowed to sell its product to CBD extractors. Once proper licenses have been acquired for importing and manufacturing finished CBD products, the Bathurst facility may also serve as a distribution center for the hempSMARTTM products that are currently manufactured and distributed in the United States by GHG’s partner: MCOA.

Advanced Crop Monitoring – Successful First Drone Flight
In a large hemp field with tall dense crops, it is impossible to identify stressed areas from ground level. The use of specialized drones can provide targeted field diagnostics. When a stressed area is identified, the observer can move directly to that location to assess the conditions of the observed stress.

Three drone flyovers have been contracted for the project. Each flyover will provide a colored image indicating the state of the vegetation, with data collected from random points in the different colored zones to assess the actual conditions on the ground. Data collected includes the measurement of soil moisture, pH, plant height and insect-disease-pressure. Once properly calibrated, these images will become an effective crop management tool for future crops in the region.

Severe Drought
Northeast New Brunswick has been experiencing a severe drought this year. The incidence of the drought has varied in intensity, but is widespread across the region. One of the participating farmers reported that this year’s drought was the worst he experienced in his lifetime. While most crops of the region were hit very hard, as revealed by farm-gate prices of hay, hemp has faired relatively well, as it is far less water consumption demands. Preliminary observations collected from the first drone flyover over three of the farms indicate the extent of the stress observed.

It is noted that of the three varieties cultivated this year, the Joey and Canada varieties fared better than the Finola. Preliminary testing has indicated that the output of flowers and leaves does not appear to be affected by the drought. The attached photo shows the flowers that have been produced.

About Marijuana Company of America, Inc.
MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART™”, that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreations use; and, (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop.

About Global Hemp Group Inc.
Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF) (FRANKFURT: GHG), is headquartered in Vancouver, British Columbia, Canada, with base operations in Montreal and Los Angeles. The Company is focused on a multi-phased strategy to build a strong presence in the industrial hemp industry in both Canada and the United States. The first phase of this strategy is to develop hemp cultivation with the objective of extracting cannabinoids (CBD, CBG, CBN & CBC) and creating a near term revenue stream that will allow the Company to expand and develop successive phases of the strategy. The second phase of the plan will focus on the development of value-added industrial hemp products utilizing the processing of the whole hemp plant, as envisioned in the Company’s Hemp Agro-Industrial Zone (HAIZ) strategy.

Forward Looking Statements
This news release contains "forward-looking statements" which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as "anticipate", "seek", intend", "believe", "estimate", "expect", "project", "plan", or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-12G, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov

For more information, please visit the Company’s websites at:

MarijuanaCompanyofAmerica.com
hempSMART.com
NetworkNewsWires/MCOA
Source:  Marijuana Company of America, Inc.

 

Specific Therapeutic Benefits of Cannabidiol (CBD) Validated by FDA


New York, NY – August 8, 2018 – CannabisNewsWire.com News Coverage:  In a landmark announcement, the U.S. Food and Drug Administration (FDA) recently approved a drug derived from pure cannabidiol (CBD), Epidiolex, to treat seizures associated with certain forms of severe epilepsy, setting the stage for huge changes in the world of cannabidiol (CBD).

  •          FDA approval of a cannabis-based drug represents seismic political, legal and economic shifts

  •          Approval likely will lead to more clinical research and further validation of CBD therapeutic efficacy

  •          CBD market projected to explode to more than $2 billion in two years with 39 percent CAGR

What’s most transformative about this drug approval is that this is the first time the FDA — the governmental arbiter of safe and effective medicine in the United States — has approved any substance derived from the cannabis sativa plant and validated certain therapeutic benefits of cannabidiol. The FDA is, to some extent, endorsing what has been anecdotally accepted by the masses for millennia.

CBD, a non-psychoactive cannabinoid that can be extracted from the industrial hemp plant, is understandably generating worldwide interest from both the scientific and investment communities. A large part of CBD’s mass appeal is that it’s believed to aid with a broad range of wellness concerns. CBD is known to interact with the human endocannabinoid system, which is found throughout the body’s nervous system, organs, connective tissues, glands and immune system. Research indicates CBD may have the potential to treat a wide range of conditions such as anxiety, high blood pressure, skin issues, and chronic pain. It’s being researched to treat Alzheimer’s, and one study even suggests CBD might be a useful addition when given with conventional antipsychotic medications in the treatment of schizophrenia.  

Continued rigorous clinical research is being conducted to further confirm all the potential therapeutic benefits that may be found in this cannabinoid extract. In the meantime, the mass appeal of CBD remains unabated, and the market for CBD products continues to grow at an astounding rate. Committed to the legal hemp-derived CBD market , Marijuana Company of America (OTC: MCOA) provides consumers with pure, hemp plant-based CBD nutritional products through its global hempSMART™ brand and has initiated broad-ranging, innovative cultivation programs for legal, high-quality hemp. Others vying for position in the burgeoning CBD space include Isodiol International, Inc. (CSE:ISOL) (OTC:ISOLD) (FSE: LB6A.F), CV Sciences, Inc. (OTC:CVSI), PotNetwork Holdings, Inc. (OTC:POTN) and Medical Marijuana, Inc. (OTC:MJNA) 

The Boom Has Just Begun  

Three years ago, in 2015, the hemp-derived CBD market racked up $90 million in sales. Last year that number reached $190 million in sales — and the boom has just begun. The Hemp Business Journal projects $2.1 billion in total CBD sales by 2020 and estimates that $450 million of that will come from hemp-based sources. The explosive demand projections are attributed to an increased public awareness of the wide-ranging potential health benefits of hemp CBD oil and advancements in cultivation, plus the convenience and reach of online retailing — all of which contribute to a global CBD oil market expected to grow at an eye-popping CAGR of 39.19 percent through 2021. 

Hemp Focus

With an overarching focus on the cultivation, development and distribution of legal industrial hemp-derived products, Marijuana Company of America (OTC: MCOA) aims to capture an outsized share of growing worldwide demand. Pure hemp-based consumer nutritional products are at the core of this demand,  and the company has developed a portfolio of ancillary hemp-centric businesses to vertically integrate hemp production and sales. Cultivation of high-quality hemp from portfolio companies feeds MCOA’s proprietary CBD-based formulations, dovetailing to produce the finest quality nutritional supplements on the market.

 The unique company vision emanates from Donald Steinberg, MCOA’s CEO. A cannabis industry pioneer, he founded the first cannabinoid-centric company to trade on a U.S. stock market. His vast knowledge and industry experience give MCOA unparalleled insights into the machinations of the CBD markets and the vision to capitalize on industry opportunities in a market projected to exceed $2 billion in the coming years. In keeping with this ambitious strategy, Steinberg and his partner, Charlie Larsen, formed Marijuana Company of America as well its sister company, Canadian-based Global Hemp Group, Inc., which is focused on the legal cultivation and processing of industrial hemp. MCOA continues to build an impressive portfolio of synergistic companies across the hemp spectrum. From farm to finished products, MCOA’s socially conscious strategy is to capitalize at each profit point and establish a significant footprint at multiple inflection points across the entire hemp value chain.

 Hemp-Based Nutritionals

MCOA has worked to create a recognized and respected hempSMART product line that contains levels of clinically researched ingredients designed to exceed consumer expectations and support the body’s natural endocannabinoid system. To serve health-conscious consumers, hempSMART includes an array of proprietary nutritional products.


  hempSMART Brain is a patent-pending formulation designed for optimal brain function support.
  hempSMART Drops offer the highest concentration and potency of full-spectrum bioavailable CBD.
  hempSMART Pain Capsules contain a blend of premium CBD and botanical supplements.
  hempSMART Pain Cream is a proprietary formulation for relief from muscle and joint pain.
  hempSMART Full Spectrum Pet Drops is a unique nutritional supplement designed for furry family members.
  hempSMART Face is a topical face moisturizer that combines CBD oil with ayurvedic herbs and botanicals.

 MCOA’s hempSMART goes through an exacting CO2 extraction process to ensure the highest quality in the company’s natural wellness product line. By combining these pure industrial hemp-based cannabinoids with some of nature’s most effective wellness ingredients, MCOA’s hempSMART products are poised to deliver optimally formulated wellness products to health-conscious consumers.

In a forward-thinking plan to expand retail distribution and capitalize on impulse buys in high-traffic stores, MCOA took a 25 percent equity stake in BeniHemp-branded CBD products. BeniHemp health-focused products include topicals, tinctures and edibles packaged in one-day, two-day and thirty-day supplies widely distributed to convenience stores, smoke shops, gas stations and small retail outlets.

A Growing Portfolio

In addition to the hempSMART and BeniHemp consumer products lines, MCOA continues to strategically assemble synergistic portfolio companies. In a joint venture with sister company Global Hemp Group, MCOA launched a 125-acre industrial hemp cultivation project in northeast New Brunswick, Canada. The project targets the promotion of hemp farming while providing year-round jobs in crop and finished product processing.

Also in conjunction with Global Hemp Group, MCOA is developing Covered Bridge Acres, an innovative high-yielding CBD hemp cultivation project in Oregon. The project utilizes both traditional outdoor cultivation and what will ultimately become more than 19,000 square feet of indoor greenhouses, which are slated to eventually supply the raw oil needed for the hempSMART CBD product line.

MCOA also took a 15 percent equity stake in MoneyTrac Technology, Inc., a subsidiary of Global Payout, Inc. . MCOA made this investment to help establish and market MoneyTrac Technology as an alternative banking solution for the cannabis industry.

Others Vying for Position

Isodiol International, Inc.
(CSE:ISOL) (OTCQB:ISOLD) (FSE:LB6A.F) grows and harvests hemp on an industrial scale then processes it to extract the cannabidiol for distribution. The company commercializes pharmaceutical-grade cannabinoids, micro-encapsulations and nanotechnology for consumable and topical skin care products. Isodiol has announced plans to develop additional over-the-counter and pharmaceutical drugs, expand its phytoceutical portfolio and expand into Latin America, Asia and Europe.

CV Sciences, Inc. (OTCQB:CVSI) operates in two business segments. The company’s drug development division develops and commercializes novel therapeutics utilizing synthetic CBD. Its consumer product division manufactures, markets and sells plant-based CBD products to a range of market sectors. The company is also developing and pursuing FDA approval for drugs with specific indications utilizing cannabidiol as the active pharmaceutical ingredient.

Founded by MCOA CEO Donald Steinberg in 2009, Medical Marijuana, Inc. (OTC:MJNA) was the first U.S.-traded CBD company. The company develops, distributes and sells hemp oil that contains naturally occurring cannabinoids, including CBD. The company sells its hemp-derived CBD products through a variety of distribution subsidiaries. The company was among the first to bring hemp-based CBD oil products to market in the United States and the first to receive federal government import approvals in Mexico, Paraguay and Brazil.

PotNetwork Holdings, Inc. (OTC:POTN) is a publicly traded company that acts as a holding company for its subsidiaries, First Capital Venture Co.; Diamond CBD, Inc.; and Sunrise Auto Mall, Inc. Diamond CBD focuses on the research, development and multinational marketing of hemp extracts that contain a broad range of cannabinoids and natural hemp derivatives. Diamond CBD’s team consists of hemp industry professionals, chemists, doctors and scientists — all working together to produce CBD oils.

Seismic Shift

Modern science has begun to substantiate both the anecdotal history and the therapeutic efficacy of cannabidiol. The FDA’s recent approval of a cannabis-based drug represents a seismic shift and is further indication of the enormous curative potential that may be found in CBD. As more scientific validations ensue, the market for CBD products could easily exceed expectations, and well-positioned companies in the space could outperform the market.


For more information about Marijuana Company of America, please visit Marijuana Company of America (OTC:MCOA).

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MARIJUANA COMPANY OF AMERICA AND GLOBAL HEMP GROUP PROVIDE UPDATE ON OREGON HEMP CBD FARMING PROJECT


ESCONDIDO, CA -- July 31, 2018 -- MARIJUANA COMPANY OF AMERICA INC. (OTC: MCOA) ("MCOA" or the "Company"), an innovative hemp and cannabis corporation, and its joint venture partner Global Hemp Group Inc. (CSE: GHG / OTC: GBHPF / FRANKFURT: GHG) (the “Partners”) are pleased to provide an update on their high yielding CBD hemp farming project in Scio, Oregon (the “Project”).

The 2018 hemp cultivation at the Scio, Oregon farm, operating under the name Covered Bridge Acres (CBA), is well underway. Although field work at the project started later than expected due to delays in closing of the farm acquisition and various personnel changes, our highly experienced team was able to complete two and a half months of field prep in just four weeks. As a result, approximately 40,000 high CBD yielding hemp plants were planted on the lower two fields of the farm, on approximately 33 acres. Six different high CBD yielding hemp cultivars were planted this year and are progressing very well. Half of the cultivars planted were clones and the other half were grown from seeds and were planted when they were approximately two feet high. The results of these cultivars will be measured at harvest time to determine the best yields and planting strategy for next season.

With the planting now complete, our team of seven full time staff has now turned their focus to completing the construction of the five greenhouses that were acquired earlier in the year. Once assembled, the project will have more than 19,000 sq. ft. of active greenhouse space for research and clone production for the 2019 planting season, which will expand to a minimum of 70 acres directly on the CBA property, and the potential year-round harvest as the project continues to expand its greenhouse space going forward. In addition, many neighboring farms have expressed interest in growing hemp. Management is looking at ways to either partner with or contract them, similar to the model being used on the Partner’s 125-acre New Brunswick hemp farming project.

There have been a number of changes recently on the Scio project. Jeffrey Ward has joined the team as the new Farm/Project Manager, replacing TTO Enterprises Inc. The Partners acquired TTO’s 15% interest in the project for $30,000, increasing their respective interest in the project to 50% each, and have canceled the issuance of shares and warrants associated with the further acquisition of TTO’s interest, per the original Joint Venture Agreement. Going forward, all funding and profit sharing will be done on a 50/50 basis between MCOA and GHG.

Mr. Ward has relocated from Auburn, Maine to be the on-site Project Manager. He has decades of cannabis and hemp cultivation experience and has successfully operated in the Maine Medical Marijuana program over the last decade. Doing business as “Wicked Good Weed Company”, he was part of the design and building of more than 100 cultivation operations ranging in size from 1,000 to 50,000 sq. ft. He is experienced with most grow methodologies, from dirt to advanced non-soil systems. He has experience in cross breeding, has knowledge of cloning, nutrient scheduling, plant “first-aid”, environmental control systems, harvesting, curing/drying, pest control, and is experienced in many extraction methods.

In addition, he has approximately 10 years of experience as a contracted project manager throughout Massachusetts and Maine for various industrial companies. He has managed projects with crew sizes up to 100 workers at Harvard College, the City of Brockton and Maine Yankee Nuclear Power Plant. He has been the lead contact with E.P.A., D.E.P. and O.S.H.A. and was the Safety Director for temp agencies providing workers to these projects. Mr. Ward is an outstanding addition to lead the Scio project.

Along with Mr. Ward, joining the team are Leo and Paul Mulkey, local fourth generation independent farmers who have provided the necessary heavy farming equipment and field preparation services to the project. This has enabled Covered Bridge Acres to successfully transform the lower section of the farm from an overgrown, unusable field, to a modern, professional and productive working farm with 40,000+ high yielding hemp plants growing.

The Mulkeys have been growing industrial hemp since 2016. In their first year of hemp cultivation, they had the largest crop in the State of Oregon, at 75 acres. On their farm of nearly 2,300 acres in Central Oregon, they currently grow Industrial Hemp, Annual Ryegrass, Fescue, Meadowfoam, Phacelia, Radish, Clover, Wheat, and Straw. Last year they shipped over 2.5 million pounds of grass seed from their seed cleaning and warehouse facility.

With the planting operation now complete, the Mulkeys will continue to provide consulting on harvesting and processing strategies, as well as field preparation for the 70 farmable acres on the CBA property, as well as neighboring contracted acres for the 2019 growing season.

Another recent addition to the team is Anthony Rushford, a hemp breeder with over 20 years of genetics and breeding experience and author of, The Amazing Benefits of Hempseed: Why You Should Grow Your Own Organic Hemp Seeds. Mr. Rushford has been providing consulting services to the project, in the areas of genetics, plant health, and the process of drying through to extraction.

His experience in a number of large scale hemp cultivation projects and extensive extraction experience in the cannabis industry has been very helpful to the project. Through his breeding activities he has developed over 200 high CBD, low THC genetics, and is currently focusing on hemp and cannabis genetics, processing and product formulations with industrial hemp derived compounds. He has supplied genetics for research to a number of universities in the United States and Australia, as well as supplying 20,000 high CBD hemp plants grown from seed for the CBA Scio project. Mr. Rushford will continue to provide ongoing consulting services to the project.

GBH Group LLC (GBH) has also been providing consulting services and have supplied the 20,000 clones to Covered Bridge Acres. GBH Group LLC carries over 13 years of proven experience in Cannabis farming techniques, tissue culturing, genomics, and propagation practices that have revolutionized the way industrial hemp is being grown in the 21st century. GBH Group consults with start-up companies across the nation in staffing, land acquisitions, and licensing to help them get off the ground quickly and efficiently. GBH is also provide ongoing consulting services on farm operations, genetics and greenhouse operations.

Previously the Company announced the formation of an Escrow Pool in conjunction with the signing of a Joint Venture Agreement between MCOA and GHG (see news release of May 9, 2018), with the purpose of incentivizing the Oregon staff and consultants for the successful development and maximization of shareholder value in the Scio Hemp Project. The terms of this Escrow Pool have been changed. While the milestones for escrow release remain the same (50% release on CBA generating US$1.0 mil EBITDA, with the balance released on CBA’s EBITDA reaching US$2.0 mil), the number of shares and share purchase warrants have been reduced, and the participants have changed. GHG will now be depositing to the Escrow Pool 2,300,000 common shares of GHG and 2,300,000 common share purchase warrants exercisable at a price of CDN$0.36 per common share for a period of three years, with MCOA depositing 10,120,000 of its common shares and 10,120,000 common share purchase warrants exercisable at a price of USD$0.083 per common share for a period of three years. Jeff Ward, Leo Mulkey, Paul Mulkey, Anthony Rushford, GBH Group LLC and Matthew Calkins, CBA Farm Foreman have been added to the Escrow Pool and TTO Enterprises has been removed.

The management team is in the process of evaluating harvesting, drying, storage and processing strategies in preparation for the late September, early October harvest. The Partners have guaranteed offtake agreement offers and are evaluating the profit models of selling the biomass in bulk to processors versus joint venturing with consulting partners to construct facilities for drying and partnering with processors to market and distribute processed oils in the open market.

About Marijuana Company of America, Inc.
MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART™”, that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreations use; and, (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop.

About Global Hemp Group Inc.
Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF) (FRANKFURT: GHG), is headquartered in Vancouver, British Columbia, Canada, with base operations in Montreal and Los Angeles. The Company is focused on a multi-phased strategy to build a strong presence in the industrial hemp industry in both Canada and the United States. The first phase of this strategy is to develop hemp cultivation with the objective of extracting cannabinoids (CBD, CBG, CBN & CBC) and creating a near term revenue stream that will allow the Company to expand and develop successive phases of the strategy. The second phase of the plan will focus on the development of value-added industrial hemp products utilizing the processing of the whole hemp plant, as envisioned in the Company’s Hemp Agro-Industrial Zone (HAIZ) strategy.

Forward Looking Statements
This news release contains "forward-looking statements" which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as "anticipate", "seek", intend", "believe", "estimate", "expect", "project", "plan", or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-12G, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.

For more information, please visit the Company’s websites at:

www.MarijuanaCompanyofAmerica.com 
www.hempSMART.com
NetworkNewsWires/MCOA

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Source: Marijuana Company of America, Inc.

 

Proposed Legal Changes Offer a Boost for Cannabidiol Companies in the United States


New York, NY – July 25, 2018 – CannabisNewsWire.com News Coverage:  Recent growth in the market for cannabidiol (CBD) products has been strong and appears poised to continue.

          CBD is an active ingredient derived from industrial hemp that does not contain the psychoactive or “high” effect of marijuana.
         CBD is used in a wide range of products, from cosmetics to pet supplements.
         The recent acceptance of a CBD-based medicine by U.S. authorities creates potential for legal change that could make the sale of CBD easier.
         Attention in the mainstream press has created a measure of gravitas for CBD.

Marijuana Company of America Inc. (OTC:MCOA) has produced a diverse range of CBD products to promote well-being. Cannabis company Canopy Growth Corp. (NYSE:CGC) has created a range of CBD oils for its customers while expanding its global reach. Aurora Cannabis, Inc. (OTC:ACBFF) provides pain relief through a range of cannabis strains and is set to expand its R&D potential through a takeover. Terra Tech Corp. (OTC:TRTC) provides equipment to cultivate cannabis and would benefit from a change in the legal landscape alongside its customers. PotNetwork Holding, Inc. (OTC:POTN) holds several subsidiary companies benefiting from cannabis and CBD products, thanks to the diversity of the sector.

U.S. Authorities Consider Legal Changes

For decades, federal rules have held back cannabinoid-derived medicines in the United States. Though the majority of states now allow medical marijuana and associated cannabinoid-derived products, national legislation is still grounded in the war on drugs. The cannabis and hemp plants are classified as a Schedule I drug, meaning that it is legally seen as both dangerous and without medical benefits. Even treatments using cannabidiol (CBD), an active ingredient found in hemp and cannabis that is nonpsychoactive, currently fall under this classification.   

That may be about to change. Following the Food and Drug Administration’s (FDA) ground-breaking acceptance of prescription drug Epidiolex, the future of CBD products for medicinal use appears to be up in the air. Meanwhile, legislation from both sides of America’s political divide offers the possibility of bigger changes.
Tackling the Law

Progress on the legal status of CBD is being eagerly watched by companies such as Marijuana Company of America Inc. (OTC:MCOA). With a focus on industrial hemp and hemp-derived cannabidiol products, MCOA doesn’t produce and sell medical or recreational marijuana. But because hemp products are derived from the same family of plants, they fall under the same stigmas associated with the plant.   

Increasingly liberal legislation at the state level has allowed companies such as MCOA to thrive in the United States. But that evidence-based liberalization is in conflict with the federal government’s decades-long prohibition, which some within the current conservative government are looking to reinforce rather than relax. 

Despite this, the FDA approved CBD-based Epidiolex in June. Epidiolex has been developed to counter the seizures brought on by two rare ailments. Its approval for sale as a prescription medicine doesn’t mean that similar medications will automatically be approved, but it does open the possibility. In light of the approval, repeated calls have been made for the FDA to look again at the scheduling of certain cannabinoids and the broader picture of cannabis-derived medicines. 

At the same time, several pieces of legislation that could change CBD’s status are being considered by Congress. Some of those are actually being proposed by Republicans, making it appear less likely that they will be blocked by America’s more conservative party. It looks increasingly likely that rescheduling or other legislative changes may soon make it easier for companies to cultivate industrial hemp as well as produce and market CBD products. 

When such change comes, companies with a wide array of products are likely to be the ones that will benefit most. With a range that already runs from pain treatment to therapies for pet care and memory enhancement, MCOA’s line of products is representative of how versatile the use of CBD can be. A loosening of restrictions would make it easier to both broaden this selection and make it available to a wider market.

CBD Goes Mainstream

The growth of companies such as Marijuana Company of America Inc. (OTC:MCOA) is helped by increasing mainstream attention on CBD. Forbes has reported on research into the product by the World Health Organization. Esquire has profiled the rise and diverse uses of this ingredient. The Washington Post has explored the growing popularity of CBD among celebrities, consumers and wellness professionals.
 

Because CBD doesn’t get a user high, it might seem strange that the marijuana derivative is becoming one of the most popular hemp-derived products. But the wellness market is big business in America as consumers clamor for ways to improve their energy levels and reduce the low-key aches and pains of everyday life. CBD’s reputation for improving health is making it popular among people who want the reported medical benefits without having to deal with the high. 

The result is a fast-growing market. Consumer sales of CBD amounted to $262.2 million in the United States in 2016, more than double what they had been only two years before. Based on the market’s ongoing growth, analysts have predicted that the market will hit the billion-dollar mark by 2021.

More than half of CBD consumers take the products every day with anxiety, anti-inflammation and joint pain being the top symptoms the products are designed to impact. Successful treatment of these conditions would likely create a large base of long-term consumers.  

The Varied Uses of CBD

This large and growing consumer base is looking to CBD for potential impact on a wide range of wellness concerns. The ability of companies such as MCOA to provide a range of products aimed at these symptoms would allow those companies to tap into a broad share of the market. MCOA’s hempSMART™ products are a great example of how many uses a single company can find for CBD. 

HempSMART Brain is a patent-pending nootropic product designed to support natural brain function, which fits with what many consumers expect from CBD because the product is focused on the mind. These innovative capsules can be taken to support alertness and concentration.  

HempSMART Pain is designed to provide relief from pain associated with physical activity by combining CBD with botanical supplements. Their hempSMART Pain Cream is designed to provide temporary relief from and soothe sore, aching muscles and joints.  

The company most recently launched a new cosmetic product, hempSMART Face, a CBD facial moisturizer that has been designed to refresh, replenish and restore skin cells on the face. And perhaps most surprising is the company’s offering of sublingual CBD tinctures, including hempSMART Full-Spectrum Drops and hempSMART Pet Drops, a bacon-flavored supplement formulated to provide cats and dogs with renewed energy as well as a tasty treat.  

Such a diverse range of products could help a company such as MCOA attract the attention of CBD consumers. It might also allow consumers to use CBD in more areas of their lives, expanding the CBD market.

Companies Set to Benefit

It’s not just the variety of CBD products that bodes well for the industry — it’s also the range of companies. If the legal status of cannabis and cannabis-derived products changes, an entire sector is set to benefit. 

Canopy Growth Corp. (NYSE:CGC), a leading player in retail cannabis, is using its research in the area to create CBD oils. By balancing the ratio of CBD and THC within its oils, Canopy Growth caters to differing wellness needs. Already a trusted player within the Canadian market, the company has acquired a subsidiary in the Kingdom of Lesotho and established another in Latin America. By looking to the wider world, the company is further expanding the global market for cannabis and CBD products. 

One of the leading areas of interest for CBD is in pain relief. Aurora Cannabis, Inc. (OTCQX:ACBFF), one of the largest cannabis companies in the world, has established a strong position in this sector. The company has developed a large range of different strains of medical cannabis that can be used in developing new products as well as in retail. The Canadian Competition Bureau recently approved a takeover of MedReleaf Corp. , a research-oriented company, by Aurora, leaving the company in a stronger position to make the most of the coming changes.

Rescheduling cannabis would benefit not just the companies selling cannabis and CBD products but also those supporting them. Terra Tech Corp. (OTCQX:TRTC) is a producer of environmentally friendly growing systems for cannabis growers. Its hydroponic systems use moving tables and recycled waste water to increase yields and reduce costs. As it becomes easier to grow and market cannabis, more growers may turn to Terra Tech for the equipment they need. 

The maturity of the CBD and cannabis sector has also led to the emergence of several holding companies, including PotNetwork Holding, Inc. (OTCPK:POTN). This company’s subsidiaries include Diamond CBD, First Capital Venture and PotNetwork. Through these entities, PotNetwork benefits from growth across different parts of the industry, as well as supporting other companies in their expansion. 

The market for CBD and other cannabis-derived products is already strong. With the prospect of legal rescheduling increasingly likely, these companies seem poised to benefit from changing attitudes in the United States and beyond. 

For more information about Marijuana Company of America, please visit Marijuana Company of America Inc. (OTC:MCOA)

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About Marijuana Company of America, Inc.:


Marijuana Company of America (OTC: MCOA) offers investors the opportunity to be on the forefront of innovation in the legal cannabis and industrial hemp industries. We strive to produce a diverse portfolio of synergistic companies that provide value to our shareholders. Our vertically integrated business model provides our company’s and partnerships the best position for rapid growth. Turn-key facilities will provide individuals with only the highest quality ingredients that ensures our costumer’s loyalty, where our distribution platform, hempSMART™, is strongly positioned to capture market share by developing recognizable brands through unique ways to promote to individuals.

Marijuana Company of America Inc. was established as a publicly traded company “MCOA” in 2015 by Don Steinberg and Charles Larsen, two veterans of the cannabis and industrial hemp industries. Their goal was to capture a piece of the $6.7 billion cannabis and $688 million hemp industries which have been enjoying exponential growth with no slowdown in sight.

The objective is to create an umbrella under which we would place a variety of portfolio companies that participate within this industry. Taking on a long term vision and recognizing the many potential opportunities that exist, we have established ourselves along various points in the cannabis, industrial hemp, and related services supply chain.

Our wholly owned subsidiary hempSMART™ delivers all of the benefits of industrial hemp derived cannabinoid (non THC) products to the world through its unique marketing and distribution platform. MCOA, also, provides turn-key services to the legal cannabis and hemp industry, as well as, strategically investing in synergistic companies to develop a diverse portfolio of subsidiaries and joint ventures that create value for our shareholders.

As MCOA embarks on its 2nd year, we find ourselves with many new partners, joint venture relationships, and a very powerful consortium of companies who share our global vision.

We are in the right business, at the right time, with the right experience to take this company to the next level.

MCOA is publicly traded on OTC Markets under symbol MCOA.

We are building a portfolio of investments and joint ventures that represent the highest integrity and professionalism in the legal cannabis and industrial hemp markets. MCOA will be a model for entrepreneurs and businesses that share our common goals and philosophies of not only creating value for investors, but also creating an environment for businesses to improve the quality of life of our customers through healthy, sustainable alternatives to many products currently on the market.

Become hempSMART
HempSMART™ is a company with a mission of educating and empowering consumers to learn about and become part of the Hemp Movement. This includes consuming and benefiting from some of the world’s most innovative hemp product technologies created by hempSMART.

Our mission is to make potential consumers “hempSMART.” Seeing the wellness environment rapidly shifting regarding premium quality cannabinoid products, the hempSMART founders have selected key professionals for various roles on the hempSMART team. This includes many of the best wellness professionals, health professionals, product formulation experts, educators, marketers and business minds to ensure that hempSMART can place you in a “first to market” position in every way.

The products are only the beginning.
Those that join the hempSMART Mission can start improving their personal wellness from day 1 with hempSMART products as well as become involved in this rapidly emerging industry with unlimited potential in the marketplace. Our product philosophy is to provide consumers with the newest, most innovative products, research and delivery systems related to hemp and CBD based products to improve their personal wellness.

HempSMART also provides a low barrier to entry business opportunity for entrepreneurs in a rapidly emerging, global marketplace.

HempSMART is is about to become a major industry brand with global operations providing wellness and opportunity for potentially millions of people.

Joint Venture
Pursuant to the joint venture, Marijuana Company of America, Inc. is committed to raising up to one (1) million dollars in funding provided to Bougainville Ventures to construct and manage a turnkey state of the art cultivation and processing facility in Oroville, Washington. The 30,000 sq.ft. greenhouse grow will house a Tier-3 production and processing I-502 tenant with decades of experience in high yields, consistency and quality.

MCOA will provide investors updates as the project progresses. MCOA management is in negotiations on deals with similar terms in other legal MMJ states.

The Focus
Bougainville Ventures Inc. (Bougainville) is an agricultural services company that focuses on providing growers with state-of-the-art computer controlled greenhouses and processing facilities. Our clients can focus on expanding their market share with minimal capital investment. We create solutions for our tenant-grower partners to become their primary growing infrastructure or to expand the bandwidth of their current farming infrastructure. Bougainville intends to offer fully built out turnkey solutions to licensed I-502 tenant-growers and luxury crop growers who will lease the facilities for production and processing.

A Re-Defined Network / The All-In-One Solution
MoneyTrac Technology, Inc. is a majority owned subsidiary of Global Payout, Inc. and is a pioneer in offering a full-service solution for alternative banking and electronic financial solutions.

MoneyTrac provides all aspects of financial technology including E-Wallet and mobile apps services for businesses and companies in various “high-risk” industries.

MoneyTrac’s technology platform allows for its clients to access their financial information from anywhere in the world, in addition to providing tracking and compliance to help them manage and control the flow of all revenue through their business.

With the legalization of cannabis sweeping the nation, financial compliance is a big factor toward obtaining licensing for various sectors of this industry.

“The electronic payment and compliance features available through the MTT technology platform are the solutions many sectors of our Cannabis industry have been looking for, and I look forward to providing the MTT Board with guidance and support to help move their objectives forward in the most effective way possible,” said Mr. Steinberg MCOA CEO.

MCOA intends to invest $250,000 in exchange for 15% of MTT, a subsidiary of Global Payout (OTC: GOHE).

Joint venture with GateC Research
Pursuant to the joint venture with GateC Research (“GRC”), MCOA is committed to raising million dollars to fund joint venture operations. This joint venture is for the purpose of cultivation, processing and distribution of legal cannabis within the state of California. GRC has successfully managed multiple legally compliant cultivation projects in multiple states, with their expertise we can expect state of the art facilities that produce high returns.

By replicating our production and processing model in California, the 6th largest economy in the world, MCOA has the opportunity to expand operations significantly.

Marijuana Company of America (MCOA) and Global Hemp Group (GHG) are launching agricultural hemp trials in northeast New Brunswick. It marks the return of industrial hemp to the region where it was tried 20 years ago but failed to take off due to lack of market opportunities. These trials are part of the first of three phases in implementing the Company’s Hemp Agro-Industrial Zone (HAIZ). The project focuses on the development of an industrial cluster around the hemp crop, which will ensure a market for farmers, year-round manufacturing job opportunities for the region, and a model for the Company to attract and develop additional HAIZ projects in other regions as well as provide a consistent potential revenue stream for both the MCOA and GHG shareholders.

Space Cowboys operates boutique and specialized lawful hemp farms in the state of Colorado for the primary purpose of Cannabinoid research, production and sales. Space Cowboys’ operations are in full compliance with Colorado state law and holds two licenses with the Colorado Department of Agriculture. Space Cowboy’s farms are up to date with all Department of Agriculture required filings, testing, and reporting. SC farms cultivate with minimal pesticides and uses only those pesticides approved by the Colorado Department of Agriculture.

SOURCE: http://marijuanacompanyofamerica.com/




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This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.