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Medical Marijuana, Inc. (OTCMKTS:MJNA)’s subsidiary HempMeds® Applauds Mexico’s Supreme Court for Decriminalizing Cannabis
HempMeds, Inc. is a medical marijuana company that has been providing quality medical marijuana products to qualified patients in the state of Colorado since the fall of 2009. The company also operates as a producer of industrial hemp and manufactures a variety of products from industrial hemp, including hemp-derived cannabidiol oil, oil extracts, and cbd capsules.. Read more about hemp stock and let us know what you think.SAN DIEGO, CA, July 01, 2021 (GLOBE NEWSWIRE) — via NewMediaWire – Medical Marijuana, Inc. (OTC: MJNA) (the Company), the first publicly traded U.S. cannabis company to launch the world’s first nutraceutical products, brands and supply chains, announced today that its HempMeds® subsidiary is congratulating the Mexican Supreme Court for its decision to declare unconstitutional a series of laws criminalizing the recreational use of cannabis by adults in Mexico and reopening the legal debate for the country’s entire cannabis industry.
As the first company allowed to import cannabis products into Mexico, we are pleased that Mexico continues to take steps to become a leader in the global cannabis industry, said Raul Elizalde, CEO of HempMeds®. We hope that soon there will be more opportunities to develop our activities in this country and help people enjoy the benefits of cannabis products. However, this declaration of unconstitutionality is not the end of the road. Mexican lawmakers must continue to reform the existing legal framework to provide legal certainty for those who wish to consume cannabis or cannabis products.
The Supreme Court has been one of the main driving forces behind the creation of the Mexican cannabis industry. Since 2017, this regulatory body has issued court rulings that have provided thousands of patients with legal access to cannabis products and legal protections for consequence-free use. According to a new Supreme Court ruling, parts of the nation’s health law that prohibit personal use and home cultivation of marijuana are unconstitutional. Mexican citizens can now more easily obtain a license from the national health agency Cofepris, but the industry is still pushing for the full legalization of cannabis and the passage of a law distinguishing marijuana from cannabis.
More than ever, the public in both Mexico and the United States is advocating for the legalization of cannabis. This recent legislation provides expanded access to medicinal cannabis throughout Mexico, and we hope regulators will use this momentum to take even greater steps to make cannabidiol (CBD) and other cannabis products available to all, added Blake Schroeder, CEO of Medical Marihuana, Inc.
Founded in 2012, HempMeds® was the first company to bring cannabidiol (CBD) oil from hemp to the U.S. market. HempMeds, a subsidiary of Medical Marijuana, Inc, is the exclusive distributor of top brands such as Real Scientific Hemp Oil™ and Dixie Botanicals® and operates in all 50 states and 40 countries. HempMeds® is the only company whose CBD products are listed in the Physician Digital Directory (PDR), the only company invited to speak about the benefits of CBD to the World Health Organization and the FDA, and one of the first to be certified by the U.S. Hemp Board. For more information, see www.hempmedspx.com.
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We are an early adopter®. Medical Marijuana, Inc. (MJNA) is a cannabis company that owns three separate non-psychoactive cannabinoid businesses: A global portfolio of cannabinoid-based nutraceutical brands led by Kannaway® and HempMeds®; a pioneer in the research of high-quality, legal, non-psychoactive cannabis products derived from industrial hemp; and cannabinoid-based botanical drug development and clinical research activity led by investment companies and pharmaceutical partners, including AXIM® Biotechnologies, Inc. and Neuropathix. Medical Marijuana, Inc. has been named one of the top CBD producers by CNBC. Medical Marijuana, Inc. was also the first company to receive historic import licenses for CBD products from the governments of Brazil, Mexico, Argentina and Paraguay, and is a leader in developing international markets. Real Scientific’s flagship product, hemp oil, has been used in several successful clinical trials in Mexico and Brazil to evaluate its safety and efficacy.
Medical Marijuana, Inc. is headquartered in San Diego, California. For more information, please visit OTCMarkets.com or www.medicalmarijuanainc.com. To view a corporate video of Medical Marijuana, Inc. click here.
Shareholders and consumers are also encouraged to purchase CBD oil and other products from Medical Marijuana, Inc.
This press release may contain certain forward-looking statements and information 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 document contains statements about expected future events and/or financial results that are subject to risks and uncertainties. These forward-looking statements involve risks, uncertainties and other factors that could cause the actual results, performance or achievements of Medical Marijuana, Inc. to differ materially from the statements made herein.
INFORMATION FROM THE FOOD AND DRUG ADMINISTRATION (FDA)
These claims have not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure or prevent any disease.
Medical Marijuana, Inc. does not sell or distribute products in violation of the U.S. Controlled Substances Act.
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Medical Marijuana, Inc.™ (OTCQB:MJNA), a publicly traded company and largest medical marijuana company in North America, is pleased to announce that its subsidiary, HempMeds® has been granted amnesty by the Supreme Court of Mexico. The Supreme Court of Mexico declared that hemp seed is not a controlled substance and, as a result, HempMeds® products can now be sold in Mexico.. Read more about etrade and let us know what you think.
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