{"id":2646,"date":"2017-08-23T10:05:57","date_gmt":"2017-08-23T10:05:57","guid":{"rendered":"http:\/\/www.medicalmarijuanainc.com\/?p=25931"},"modified":"2017-08-23T10:05:57","modified_gmt":"2017-08-23T10:05:57","slug":"medical-marijuana-inc-featured-forbes-article-booming-cbd-hemp-oil-industry","status":"publish","type":"post","link":"https:\/\/medicalmarijuanainc.com\/2017\/08\/23\/medical-marijuana-inc-featured-forbes-article-booming-cbd-hemp-oil-industry\/","title":{"rendered":"Medical Marijuana, Inc. Featured in Forbes Article About Booming CBD Hemp Oil Industry"},"content":{"rendered":"

Medical Marijuana, Inc. and its subsidiaries <\/span>Kannaway\u2122<\/span><\/a> and <\/span>HempMeds\u00ae<\/span><\/a> were highlighted in a recent Forbes article revealing the outstanding growth of the CBD hemp oil industry, which is predicted to reach $1 billion within 3-5 years. <\/span><\/p>\n

According to the article, \u201chemp CBD sales have already hit $170 million in 2016 and a 55% compound annual growth rate over the next five years will cause the market to crack the billion-dollar mark.\u201d<\/p>\n

Because CBD hemp oil is legal to manufacture, sell, and distribute to all 50 U.S. states and over 40 countries, it is able to retail cannabinoids to a larger overall market than medical or recreational marijuana sales, which are restricted to specific states.<\/p>\n

Dr. Stuart Titus, President and CEO of Medical Marijuana, Inc., was interviewed as part of the Forbes article to further clarify CBD hemp oil\u2019s legal status. According to a ruling in 2004 in the Ninth Circuit Court of Appeals, the DEA doesn\u2019t have the authority under the Controlled Substances Act to ban hemp sales.<\/p>\n

Dr. Titus was quoted in the article stating, “By that federal court ruling, similar to non-scheduled hemp food products, this allows Medical Marijuana, Inc. to sell online and distribute to customers in all 50 U.S. states.”<\/p>\n

Medical Marijuana, Inc. portfolio companies Kannaway\u2122 and HempMeds\u00ae were mentioned as industry leaders in the article, along with the company\u2019s flagship brand, <\/span>Real Scientific Hemp Oil\u2122<\/span><\/a> (RSHO\u2122). Medical Marijuana, Inc. was the first company to enter the CBD hemp oil industry, innovating many of the processes that have become industry standards along the way.<\/span><\/p>\n

You can read the full Forbes article <\/span>HERE<\/span><\/a>.<\/span><\/p>\n

Stay up-to-date with news from Medical Marijuana, Inc., its <\/span>portfolio of companies<\/span><\/a>, and other industry news on <\/span>our news feed<\/span><\/a>.<\/span> \t<\/p>\n","protected":false},"excerpt":{"rendered":"

Medical Marijuana, Inc. and its subsidiaries Kannaway\u2122 and HempMeds\u00ae were highlighted in a recent Forbes article revealing the outstanding growth of the CBD hemp oil industry, which is predicted to reach $1 billion within 3-5 years. According to the article, \u201chemp CBD sales have already hit $170 million in 2016 and a 55% compound annual […]<\/p>\n","protected":false},"author":1,"featured_media":2647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3,22,23,162],"tags":[167,168,180],"class_list":["post-2646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-news","category-hempmeds","category-kannaway","category-media-coverage","tag-hempmeds","tag-kannaway","tag-real-scientific-hemp-oil"],"yoast_head":"\nMedical Marijuana, Inc. 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