{"id":2206,"date":"2017-12-29T20:23:16","date_gmt":"2017-12-29T20:23:16","guid":{"rendered":"https:\/\/www.medicalmarijuanainc.com\/?p=33734"},"modified":"2017-12-29T20:23:16","modified_gmt":"2017-12-29T20:23:16","slug":"medical-marijuana-inc-2017-year-review","status":"publish","type":"post","link":"https:\/\/medicalmarijuanainc.com\/2017\/12\/29\/medical-marijuana-inc-2017-year-review\/","title":{"rendered":"Medical Marijuana, Inc. 2017 Year in Review"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]Along with our portfolio of companies, Medical Marijuana, Inc. looks to continue to build on the success this past year.<\/span><\/i><\/p>\n

Medical Marijuana, Inc. and our family of companies had an impressive year in 2017, breaking company records, innovating exciting new products, and reaching more customers than ever before. We hosted and sponsored educational events for customers, patients, and doctors around the world, helping to spread awareness for CBD and dispel myths surrounding its use. We helped positively shape the conversation regarding cannabis on an international stage and and affected real change in cannabis policy, opening cannabinoids to those who were once blocked from access. <\/span><\/p>\n

Revenue Growth<\/span><\/h2>\n

Medical Marijuana, Inc. and its portfolio of companies saw unprecedented sales growth in 2017, growing their share of the CBD oil market, a market expected to reach <\/span>$1 billion by 2020<\/span><\/a>. <\/span><\/p>\n

In Q2 of 2017, we experienced a <\/span>269% revenue increase<\/span><\/a> from the same quarter in 2016. We saw similar growth in Q3 when Medical Marijuana Inc. announced a <\/span>255% year-over-year increase<\/span><\/a> in gross revenue.<\/span><\/p>\n

[\/vc_column_text][vc_video link=”https:\/\/www.youtube.com\/watch?time_continue=1&v=dcG17Iq2Tuo”][\/vc_column][\/vc_row]<\/p>\n

Medical Marijuana, Inc. set <\/span>company record for sales revenue<\/span><\/a> in November, a feat it also achieved in <\/span>August<\/span><\/a> and <\/span>July<\/span><\/a>. Portfolio companies <\/span>Kannaway<\/span><\/a> and <\/span>HempMeds\u00ae Mexico<\/span><\/a> both had their highest sales revenue month\u2019s ever in November. <\/span><\/p>\n

To keep up with this growth, Medical Marijuana, Inc. more than <\/span>tripled the size of its fulfillment center<\/span><\/a> and doubled the size of its corporate offices, both located in San Diego. This added space and ability to increase staff size ensures Medical Marijuana, Inc. can keep pace with its rapidly growing share of the hemp market. <\/span><\/p>\n

This year, our portfolio of companies made several key hires and promotions for high-profile positions to support its rapid growth. <\/span><\/p>\n

These top hires include <\/span><\/p>\n