Another oft-mentioned player is Medical Marijuana Inc. (OTC:MJNA), a pharmaceutical company based in San Diego. In December of last year, the company acquired Kannaway LLC, a network marketing company that focuses on cannabis- related products and has a growing presence in Puerto Rico, for an undisclosed amount, although a valuation report carried out at the time estimated Kannaway's value at $243 million. In a letter to shareholders sent in mid-May, Medical Marijuana President & CEO Stuart W. Titus provided a glimpse into the push toward medicinal marijuana on the island. "We spent over $700,000 in 2014 on travel and lobbying expenses to help legalize [marijuana in] Puerto Rico and several U.S. states as well as a few other markets we will touch on later in the year," the exec wrote.Puerto Rico's historic legalization adds to the growing momentum of cannabis legalization in the U.S., and also the country's territories and districts. There are now 23 states, two territories ( Guam and Puerto Rico) and one district ( Washington D.C.) with medical cannabis laws. Kannaway is an active voice in the re-introduction of industrial hemp and hemp CBD products to the global marketplace, and according to another recent article, the company's plan for economic development and job growth outlined growing the organization by 150,000 in South America and Europe. Kannaway is also opening an office in Puerto Rico. Puerto Rico media coverage featuring Kannaway™ includes:
Rev!ve™ PROThis industry-leading advanced nutritional supplement is touted as "the single biggest impact product in the history of network marketing." Each Rev!ve Pro™ tube contains over 1500mg of whole food CBD from hemp paired with synergistic Bi-Bong™ herbs, Vitamins D, and organic MCT oil for optimal absorption. This time-tested, proprietary Bi-Bong™ herbal formulation of all-natural & organic ingredients helps to:
- Increase results and benefits of CBD by enabling proper absorption and assimilation of the formula
- Rebalances one's condition
- Increase overall energy
- Promote proper digestion
For more information on Kannaway™, visit the Company website.About Kannaway, LLC Kannaway , LLC, is a network sales and marketing company specializing in the sales and marketing of hemp-based botanical products. Kannaway currently hosts weekly online sales meetings and conferences across the United States, offering unique insight and opportunity to sales professionals who are desirous of becoming successful leaders in the sale and marketing of hemp-based botanical products. About Medical Marijuana, Inc. Our mission is to be the premier 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 more information, please visit the company's website at: www.MedicalMarijuanaInc.com. 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. FORWARD-LOOKING DISCLAIMER 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. LEGAL DISCLOSURE Medical Marijuana, Inc. does not sell or distribute any products that are in violation of the United States Controlled Substances Act (US.CSA). The Company does grow, sell and distribute hemp-based products and are involved with the federally legal distribution of hemp-based products within certain international markets. Cannabidiol is a natural constituent of hemp oil. The photos are also available via Newscom, www.newscom.com, and via AP PhotoExpress.
CONTACT: For further information, please contact: Public Relations contact: Andrew Hard Spokesperson P. 858-380-5478 Corporate contact: Medical Marijuana, Inc. Toll Free: 888-OTC-MJNA (888-682-6562) www.medicalmarijuanainc.com www.facebook.com/mjnainc Investor Relations: Nick Massalas 550 West C Street Suite 2040 San Diego, CA 92101 619.494.2400 email@example.com