A series of articles aimed at exploring the cannabis industry reveal the range of applications for cannabis and highlight Medical Marijuana Inc.’s influential position in this billion dollar market.
It is not surprising that the internet would abound with articles about cannabis on 4/20, the unofficial marijuana day of celebration. Even mainstream media outlets picked up on 420-themed stories, reflecting the soaring popularity cannabis is enjoying right now.
“It is clear the public has an interest in knowledge about cannabis and retail products containing cannabinoids,” states Dr. Stuart Titus, CEO of Medical Marijuana, Inc. “This level of news coverage dispels decades-old myths, elevates the perception of today’s cannabis industry, and accurately depicts the choices of cannabis products for consumers in the U.S. and around the world.”
Continued coverage of the cannabis industry in major media outlets further legitimizes the use of hemp and marijuana based products, both medically and recreationally. This year, several Medical Marijuana Inc. companies and brands were mentioned in articles from sources like Fox, CNN, and Vogue.
Fox Business and CNN Money both focused on Medical Marijuana Inc.’s AXIM® Biotechnologies and their Oraximax™ line of cannabinoid infused oral health products, like toothpaste and mouthwash. While CNN Money focused on the possible uses of CBG (cannabigerol), a relatively undeveloped cannabinoid in hemp, Fox Business spoke in detail about the incredible range of products, including personal care products, and the large number of ancillary needs that are involved in this growth industry.
Fox Business further quantified this emerging market, asserting that the “entire marijuana industry will be more than $40 billion over the next five to ten years and if cannabis becomes legal nationwide, the industry could hit $100 billion by 2050.”
Also receiving coverage was the influential beauty industry and cannabis’s role within it. Showing consistent growth year to year, the beauty industry is estimated to be worth $62 billion in just the U.S. and $265 billion worldwide.
The Coveteur, a website devoted to lifestyle tastemakers and global street style stars, covers beauty and skin care, fashion, and health for both market influencers and the curious alike. For 4/20, they featured hemp oil beauty products prominently on their site, including Medical Marijuana Inc.’s Kannaway™, in a piece titled “Why Marijuana Needs to be Part of Your Beauty Routine Now”.
“Hemp Oil, is an excellent choice for skin care,” Kannaway™ CEO Blake Schroeder was quoted saying in the article. “Hemp oil contains significant quantities of essential fatty acids that can be absorbed through the skin.”
Vogue also presented two Kannaway™ products in their 4/20 coverage: Kannactiv™ and Cannabis Beauty Defined™, discussing their use of CBD in their popular line of products. Combining these two booming industries – cosmetics and cannabis – is market gold for savvy investors, and Medical Marijuana Inc. has already made inroads with several of its successful products.
As the first publically traded U.S. cannabis stock, Medical Marijuana Inc. has positioned itself to take advantage of these and other emerging markets within the legal cannabis industry and looks forward to future exposure in these and similarly influential media sites.