{"id":970,"date":"2019-10-22T22:38:50","date_gmt":"2019-10-22T22:38:50","guid":{"rendered":"https:\/\/www.medicalmarijuanainc.com\/?p=616039"},"modified":"2019-10-22T22:38:50","modified_gmt":"2019-10-22T22:38:50","slug":"kannaway-selected-to-u-s-hemp-roundtable-board-of-directors","status":"publish","type":"post","link":"https:\/\/medicalmarijuanainc.com\/2019\/10\/22\/kannaway-selected-to-u-s-hemp-roundtable-board-of-directors\/","title":{"rendered":"Kannaway Selected to U.S. Hemp Roundtable Board of Directors"},"content":{"rendered":"

Our portfolio company Kannaway joins the board of hemp industry coalition, the U.S. Hemp Roundtable, to further our efforts to promote the hemp industry in the United States.<\/span><\/i><\/h3>\n

Medical Marijuana, Inc. subsidiary Kannaway has been selected as a member of the Board of Directors <\/span>U.S. Hemp Roundtable<\/span><\/a>. As a member of the U.S. Hemp Roundtable board, Kannaway will work to advance hemp in the U.S. by supporting smart regulations for hemp cultivation and processing. The company will also help to guide safety and quality standards for the CBD oil industry and to promote CBD products as an alternative wellness product.\u00a0<\/span><\/p>\n

Medical Marijuana, Inc. was the <\/span>first company<\/span><\/a> to develop CBD oil products derived from hemp and distribute them throughout the United States. Through our subsidiaries like HempMeds\u00ae and Kannaway, Medical Marijuana, Inc. now offers our award winning CBD oil products to consumers in the U.S. and in over 40 countries around the world.\u00a0<\/span><\/p>\n

Promoting Hemp and CBD<\/span><\/h2>\n

Medical Marijuana, Inc. and our family of companies have been vocal advocates for hemp and CBD through the years, hosting or sponsoring hemp and CBD educational events. Kannaway also regularly hosts its Hemp for Humanity<\/a> events around the world to promote the wellness, environmental, and economic benefits of hemp.\u00a0\u00a0<\/span><\/p>\n

\u201cSince forming our company, Kannaway, in association with its parent company Medical Marijuana, Inc. and its other subsidiaries, have participated in many domestic and international efforts to advocate for expanded access to hemp by hosting educational events and speaking with prominent regulatory bodies, including but not limited to the U.S. Food and Drug Administration (FDA), Mexico\u2019s Federal Commission for the Protection Against Sanitary Risk (COFEPRIS) and Brazil\u2019s National Sanitary Surveillance Agency (ANVISA),\u201d said Kannaway\u00ae CEO Blake Schroeder. \u201cWe are honored to have the opportunity to continue these efforts as a member of the U.S. Hemp Roundtable Board of Directors.\u201d<\/span><\/p>\n

What is the U.S. Hemp Roundtable?<\/span><\/h2>\n

Formed in 2017, the U.S. Hemp Roundtable is a coalition of more than 50 leading hemp companies representing every link of the industry\u2019s supply chain from cultivation to sale, including CBD oil companies like Kannaway.<\/span><\/p>\n

The organization achieved its primary goal of securing the passage of the Agriculture Improvement Act of 2018, which established hemp federally as an agricultural commodity and permanently removed it from regulation as a controlled substance, legalizing it for nationwide cultivation and legitimizing hemp products. This was an important milestone for the hemp industry, setting the stage for a hemp renaissance in the U.S. as hemp rushes back into our economy.<\/span><\/p>\n

\u201cIt\u2019s encouraging to see the U.S. shift its focus back to hemp, a founding crop of this country, as U.S. farmers have been licensed to grow over 511,000 acres of the plant just this year, <\/span>a 455 percent increase over 2018<\/span><\/a>,\u201d said Medical Marijuana, Inc. CEO Dr. Stuart Titus. \u201cWith this monumental increase in the cultivation of the plant, we foresee the market\u2019s revenue growth to mirror this and look forward to joining forces with the U.S. Hemp Roundtable to create a safe and legal market for all.\u201d<\/span><\/p>\n

The U.S. Hemp Roundtable now continues to focus on lobbying efforts in state capitals to fully legalize hemp and popular hemp derived products like CBD oil. According to the organization\u2019s website, current missions include:<\/span><\/p>\n