SAN DIEGO, CA--(Marketwired - November 28, 2016) - Medical Marijuana, Inc. (OTC PINK: MJNA) announced today that its subsidiary HempMeds® Mexico, the first and only company with approval from COFEPRIS to legally import a cannabis product into Mexico, has begun distributing Real Scientific Hemp Oil™ (RSHO™) to Colombia.
This announcement comes at a pivotal time as the Colombian government re-evaluates its regulation of cannabis-based products and their medicinal attributes. HempMeds® Mexico joined the legislative discussion by attending and exhibiting the global headline-making RSHO™ at Expo Mede Weed 2016 in the city of Medellin.
"We are thrilled to be able to reach Colombians with our products and to help nurture new markets there," said Dr. Stuart Titus, CEO of Medical Marijuana, Inc. "Here in the United States, we are able to get access to RSHO™ and other cannabidiol (CBD) products online; however, residents of other countries are not as fortunate due to regulatory issues with cannabis-based products. We are very excited that Colombians will now have access to all of the benefits of CBD."
The Company plans to work with Colombian regulatory authorities to continue to build distribution channels into Colombia and eventually open local operations in the country.
In addition to receiving the first orders from Colombia, HempMeds® Mexico exhibited at Expo Mede Weed in the city of Medellin. The two-day event featured cannabis industry panelists, speakers and exhibitors from around the world discussing cannabis legislation in the country and was attended by over 6,000 people.
"We were proud to represent HempMeds® Mexico in Colombia at Expo Mede Weed 2016," stated Dion Markgraaff, President of HempMeds® Mexico. "The event gave Colombians the opportunity to explore and interact with different cannabis companies and products while learning from experts in the industry from across the globe."
The Company plans to make a substantial donation of product to doctors and certain patients based on financial need upon regulatory approval from the government of Columbia.
About HempMeds® Mexico
HempMeds® Mexico is a Mexico-based company that made history by being the first company to receive a COFEPRIS federal government import permit for the cannabis product RSHO-X™ for a medical indication. HempMeds® Mexico plans to work directly with the Mexican government to safely and legally provide access to CBD hemp oil products. For more information, please review the company's website at: http://www.hempmeds.mx.
About Medical Marijuana, Inc.
Our mission is to be the premier cannabis and hemp industry innovators, leveraging our team of professionals to source, evaluate and purchase value-added companies and products, while allowing them to keep their integrity and entrepreneurial spirit. We strive to create awareness within our industry, develop environmentally-friendly, economically sustainable businesses, while increasing shareholder value. For details on Medical Marijuana, Inc.'s portfolio and investment companies, visit www.medicalmarijuanainc.com.
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Medical Marijuana, Inc. to be materially different from the statements made herein.
FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSURE
These statements have not been evaluated by the FDA and are not intended to diagnose, treat or cure any disease.
Medical Marijuana Inc. does not sell or distribute any products that are in violation of the United States Controlled Substances Act (US.CSA). These companies do grow, sell, and distribute hemp-based products and are involved with the federally legal distribution of medical marijuana-based products within certain international markets. Cannabidiol is a natural constituent of hemp oil.