Medical Marijuana, Inc. subsidiary Kannaway included on the Direct Selling News Global 100. This is the first year that companies working in the CBD space were included on this prestigious list.
Respected network marketing publication Direct Selling News announced its Global 100 list of top direct selling companies this week, and for the first time ever, our portfolio company Kannaway has been listed among the most successful direct selling companies in the world.
Kannaway distributes its top quality hemp and CBD products around the globe through its team of tens of thousands of dedicated brand ambassadors. Kannaway’s inclusion on the DSN Global 100 is a direct result of the company’s continued success year after year since its relaunch in 2016 at the company’s Genesis event.
In 2018, Kannaway recorded its largest revenue year ever, increasing 200% over its 2017 revenue and giving the company the boost needed to become a Global 100 company alongside names like Amway, Avon, and Herbalife.
“Three years ago, I made the great decision to join Kannaway and after my first year I was invited to the Direct Selling News annual award dinner. There, I stated my goal to grow the company so that we could be listed on the DSN Global 100,” said Kannaway® CEO Blake Schroeder. “Today, we celebrate last year’s tremendous expansion in the U.S. and throughout Europe that has made this goal a reality.”
The 2019 DSN Global 100 also marks the first time that companies in the CBD industry were included on the list, showing how CBD has grown into a mainstream market. With more and more consumers becoming aware of the advantages of CBD, products with CBD in them are anticipated to become a $22 billion industry by 2022.
Direct Selling News has been publishing their Global 100 list yearly since 2009. According to the article posted on the publication’s website, “The DSN Global 100 list offers a unique perspective on the global impact of the industry on economic and social realms. It provides a range of mutual learning not only for industry members but also for researchers, investors and—most important—those seeking opportunities within the industry.”
Kannaway’s inclusion on the DSN Global 100 demonstrates the results of years of hard work expanding the reach of Kannaway’s line of top quality hemp and CBD products and opening new markets around the world. The company now ships its line of products to over 30 countries worldwide.
“We are honored that the company was featured on this list, and we know that it wouldn’t have been possible without our passionate, hard-working Brand Ambassadors from around the world,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “We look forward to growth and being recognized on the list for years to come.”
Kannaway is already building on the 2018 success that put it on the Global 100 list. The company once again recorded its best revenue month ever in March, continuing the company’s upward trending growth.
You can find the full DSN Global 100 list here.
Visit the Medical Marijuana, Inc. company news feed for the lastest from across our portfolio of companies.
