{"id":572,"date":"2022-04-21T15:24:34","date_gmt":"2022-04-21T15:24:34","guid":{"rendered":"https:\/\/medicalmarijuanainc.com\/?p=1013637"},"modified":"2022-04-21T15:24:34","modified_gmt":"2022-04-21T15:24:34","slug":"medical-marijuana-inc-subsidiary-hempmeds-brasil-celebrates-exponential-growth-receives-validation-from-medical-community","status":"publish","type":"post","link":"https:\/\/medicalmarijuanainc.com\/2022\/04\/21\/medical-marijuana-inc-subsidiary-hempmeds-brasil-celebrates-exponential-growth-receives-validation-from-medical-community\/","title":{"rendered":"Medical Marijuana, Inc. Subsidiary HempMeds\u00ae Brasil Celebrates Exponential Growth; Receives Validation From Medical Community"},"content":{"rendered":"

SAN DIEGO, CA, April 21, 2022 (GLOBE NEWSWIRE) — via\u00a0NewMediaWire<\/a>\u00a0—\u00a0Medical Marijuana, Inc.<\/a>\u00a0(OTC: MJNA) (the \u201cCompany\u201d), the first-ever publicly traded cannabis company in the United States that launched the world\u2019s first-ever cannabis-derived nutraceutical products, brands, and supply chain, announced today growth milestones in its\u00a0HempMeds\u00ae Brasil<\/a>\u00a0business segment, where the subsidiary is growing at a rate 75.8% faster than that of the country\u2019s entire market, which continues to double in size annually. Additionally, HempMeds\u00ae Brasil was featured in one of the most respected medical magazines in the region,\u00a0Medicina S\/A,<\/a>\u00a0for its participation in a course being offered through the University of S\u00e3o Paulo on Cannabinoid Medicine, furthering its position as a category leader in Latin America\u2019s economy.<\/p>\n

The growth rate of the Brazilian cannabidiol (CBD) market has more than doubled annually since 2018, as confirmed by regulatory body ANVISA, the Brazilian equivalent comparable to the U.S. Food and Drug Administration (FDA). In the first quarter of 2022, HempMeds\u00ae Brasil grew at a rate 75.8% faster than the overall Brazilian CBD market. The Company foresees this trend to continue as HempMeds\u00ae Brasil is well-positioned to capture market share and other industry players exit the market, resulting in an exciting growth market opportunity for HempMeds\u00ae Brasil.<\/p>\n

This opportunity is furthered by the subsidiary\u2019s category leadership position, which it has been building since its entrance into the market in 2015. As an illustration of this position, HempMeds\u00ae Brasil\u2019s\u00a0Medicina<\/a>\u00a0S\/A feature includes this snippet, which has been translated from Portuguese:<\/p>\n

\u201cThe pioneering North American company in this market, HempMeds\u00ae, is an exclusive supporter of this course,\u201d said the Executive Director of HempMeds\u00ae Brasil Matheus Patelli. Patelli added: \u201cSince 2015, we have trained more than 1500 health professionals with our technical-scientific programs and we have more than 50 hours of classes available for free on our platform. It is part of our mission to disseminate more and more knowledge on this topic and it is a privilege to be able to support this topic in partnership with the main university in Latin America.\u201d<\/p>\n

The course features four HempMeds\u00ae representatives and is currently the most accessed piece of educational content on the platform.<\/p>\n

\u201cWe were the pioneers of the Brazilian CBD market, having received the first import approval from ANVISA in 2014,\u201d said Medical Marijuana, Inc. CEO Blake Schroeder. \u201cWhile it took some time to root out many black market and underperforming competitors with low-quality products, it is so rewarding to see our business in Brazil take off and get the attention it deserves. We have followed the rules and believe that mentality will continue to pay off as we continue to seek substantial growth and prosperity in Brazil, and eventually all of Latin America.\u201d<\/p>\n

Brazil is the fifth-largest country in terms of landmass and sixth-largest in population with over 210 million inhabitants. The Brazilian economy is by far the largest in South America and the 12th largest in the world. The CBD industry in Brazil has seen significant growth in recent years since the country\u2019s state health system approved CBD for import and distribution for medical patients with a select group of ailments and is the largest purchaser of CBD in Brazil. ANVISA has also approved dentists to prescribe CBD, an important step for improved flexibility on the market.To learn more about<\/p>\n

HempMeds\u00ae Brasil, please visit\u00a0www.hempmeds.com.br<\/a>.<\/p>\n

About HempMeds\u00ae Brasil<\/p>\n

HempMeds\u00ae Brasil was the first company to receive approval from the National Sanitary Surveillance Agency (Anvisa) to import a product based on cannabidiol, a substance derived from hemp, a plant of the genus Cannabis. Currently, it is authorized to supply its products, which help in the control of diseases such as epilepsy, Parkinson’s, chronic pain and multiple sclerosis, under medical prescription. For these indications, the products can be subsidized by the Brazilian government. HempMeds\u00ae Brasil is working on additional approvals for other indications.\u00a0www.hempmeds.com.br<\/a>.<\/p>\n

About Medical Marijuana, Inc.<\/p>\n

We are a company of firsts\u00ae<\/a>. Medical Marijuana, Inc. (MJNA<\/a>) is a cannabis company with three distinct business units in the non-psychoactive cannabinoid space: a global portfolio of cannabinoid-based nutraceutical brands led by\u00a0Kannaway\u00ae<\/a>\u00a0and\u00a0HempMeds\u00ae<\/a>; a pioneer in sourcing the highest-quality legal non-psychoactive cannabis products derived from industrial hemp; and a cannabinoid-based clinical research and botanical drug development sector led by its pharmaceutical investment companies and partners including\u00a0AXIM\u00ae Biotechnologies, Inc<\/a>.<\/a>\u00a0and\u00a0Neuropathix<\/a>. Medical Marijuana, Inc. was named a top CBD producer by\u00a0CNBC<\/a>. Medical Marijuana, Inc. was also the first company to receive historic import permits for CBD products from the governments of Brazil, Mexico, Argentina, and Paraguay and is a leader in the development of international markets. The company’s flagship product\u00a0Real Scientific Hemp Oil<\/a>\u00a0has been used in several successful clinical studies throughout Mexico and Brazil to understand its safety and efficacy.<\/p>\n

Medical Marijuana, Inc.’s headquarters is in San Diego, California, and additional information is available at\u00a0OTCMarkets.com<\/a>\u00a0or by visiting\u00a0www.medicalmarijuanainc.com<\/a>. To see Medical Marijuana, Inc.’s corporate video,\u00a0click here<\/a>.<\/p>\n

FORWARD-LOOKING DISCLAIMER<\/p>\n

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.<\/p>\n

FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSURE<\/p>\n

These statements have not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure, or prevent any disease.<\/p>\n

LEGAL DISCLOSURE<\/p>\n

Medical Marijuana, Inc. does not sell or distribute any products that are in violation of the United States Controlled Substances Act.<\/p>\n

CONTACT:
\nPublic Relations Contact:
\nKathryn Brown
\nAccount Director
\nCMW Media
\nP. 858-264-6600
\nkathryn@cmwmedia.com<\/a>
\nwww.cmwmedia.com<\/a>
\nInvestor Relations Contact:
\nP. (858) 283-4016
\nInvestors@medicalmarijuanainc.com<\/p>\n","protected":false},"excerpt":{"rendered":"

SAN DIEGO, CA, April 21, 2022 (GLOBE NEWSWIRE) — via\u00a0NewMediaWire\u00a0—\u00a0Medical Marijuana, Inc.\u00a0(OTC: MJNA) (the \u201cCompany\u201d), the first-ever publicly traded cannabis company in the United States that launched the world\u2019s first-ever cannabis-derived nutraceutical products, brands, and supply chain, announced today growth milestones in its\u00a0HempMeds\u00ae Brasil\u00a0business segment, where the subsidiary is growing at a rate 75.8% faster […]<\/p>\n","protected":false},"author":1,"featured_media":533,"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":[3,2],"tags":[],"class_list":["post-572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-news","category-press-releases"],"yoast_head":"\nMedical Marijuana, Inc. 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