Cannabidial – Stay Tuned

Invest in medical marijuana penny pot stocks and weed out scams.


Hard Working Cannabis Company

Alongside the plethora of small-scale medical marijuana dispensaries dotting the San Diego business landscape, some bigger, public players have entered the market as well, and say they’re only prepared to grow — so long as the government lets them.
“A big struggle now is we are on OTC — good luck calling the New York Stock Exchange and being listed as a cannabis company,” said Andrew Hard, director of public relations for HempMeds and its San Diego-based parent company, Medical Marijuana Inc., (OTCMKTS: MJNA) the world’s largest distributor of CBD-rich hemp-oil — distinctively not marijuana — with a growing portfolio of related companies.

KannaLife Sciences: Helping the FDA to Regulate Pot

“And you’ve got to keep in mind that this is while cable news shows blast like crazy ‘Invest in cannabis!’ But there is still a stigma out there — for a cannabis business to be listed on the New York Stock Exchange is like climbing Mt. Everest now,” Hard said.
Unless, Hard says, you’re a pharmaceutical company such as GW Pharmaceuticals, which works with cannabis and cannabidiol products and is listed on Nasdaq and the London Stock Exchange.
“Is that the only way or route American people want companies to be listed on the New York Stock Exchange?” Hard asked. “Probably not, but part of the story then becomes: Be a pharmaceutical company, deal in synthetics, which is what GW Pharmaceuticals is doing, and there you go — publicly traded stock over $100.”

Medical Marijuana Inc., which began trading in March 2009, is a particularly interesting case given that despite its name, it doesn’t actually sell marijuana. Its products and those of its eight portfolio companies — including HempMeds, dispensary security business MPSI in Murrieta and Kannaway, which offers a high-end line of CBD beauty products — deal only with cannabidiol-rich hemp oil, which is illegal to grow in the United States but legal to import and sell in all 50 states and 40 countries.

CBD-rich hemp oil can be taken orally or vaped, but is not smoked, and contains less than 1 percent THC, the component of marijuana that creates the high, or psycho-altered state, that has it on the controlled substance list.

Hard said this differentiation between the products Medical Marijuana Inc. sells and invests in and marijuana itself has been helpful in a number of ways, though the company still faces challenges in addition to the stigma and federal law keeping these cannabis companies out of larger stock markets.

image

For instance, the banking problem plaguing medical marijuana dispensaries in the 23 states and District of Columbia in which they’re legal and legal recreational-use stores in Colorado and Washington is alleviated in part since CBD oil is legal under federal law.

Even in states where they are legal, medical marijuana shops can’t deposit checks or pay employees via direct deposit at federally insured banks and are therefore forced to deal almost exclusively in cash — a big target on any company, and a reason Medical Marijuana invested in MPSI in the first quarter of 2014 — Medical Marijuana Inc. has a bit more flexibility.

A specific concern to the hemp oil business is the Food and Drug Administration’s decision to classify CBD-rich hemp oil as a food or nutritional supplement, and subject it to the corresponding regulations. Though “medical” is in the company’s name and in that of its subsidiary HempMeds, Hard said that because of this FDA classification, no salesperson can make any sort of medical claims regarding the product at all — a bit of a hard sell when that is, ostensibly, its whole purpose.

“No representative of our company will say ‘This does that, or has this benefit,’” Hard said. “The FDA does not recognize CBD even though there’s research on it, and it effects our day-to-day operations and what sales reps tell customers on the phone — they won’t answer questions about the product for that reason. It’s the stance of the federal government and we follow that and are compliant because we are an upstanding San Diego company and care about being reflected well in all eyes.”

To that end, Hard said, the company now occupies four buildings in the San Diego area and employs 52 people. He said that might expand since Medical Marijuana Inc. is in the final stage of closing a $6.8 million deal with Dixie Holdings to acquire the well-known brand’s hemp business, Dixie Botanicals, and relocate those facilities to San Diego starting Aug. 1.

Medical Marijuana Inc.’s total portfolio is valued at $194 million. – source


MJNA: Q1 Report

image

SAN DIEGO, July 8, 2014 (GLOBE NEWSWIRE) — Medical Marijuana Inc. (OTC Pink: MJNA), a leading cannabis and industrial hemp industry innovator, today announced the release of its quarterly financial and shareholders report (Post 06/30/2014 – OTC Markets). The Company had product sales revenues of $4.01 million compared to $1.94 million for the prior quarter. Below are the Company’s first quarter 2014 operating and developmental highlights.

Operating highlights for the first quarter are as follows:

HempMedsPX

HempMedsPX(TM) posted revenues of $4,017,774 in Q1, up from $1,943,005 in Q4.

HempMedsPX(TM) was the first cannabidiol (CBD)-rich hemp oil company to be accepted by the American Herbal Products Association (AHPA) for membership. The AHPA is the only national trade association that is focused primarily on herbs and botanicals and herbal products. In addition to AHPA membership, HempMedsPX(TM) is a sponsor of the AHPA.

Medical Marijuana Inc. and HempMedsPX(TM) supported the American Academy of Anti-Aging Medicine (A4M) as a Platinum Elite Sponsor, expanding brand awareness to the organization’s membership base of more than 26,000 medical and healthcare professionals.

HempMedsPX(TM) signed a two-year supplier agreement with a home-based business company, Kannaway, LLC.

HempMedsPX(TM) sponsored and participated in the 5th Annual U-T Successful Living Expo, a San Diego event focused on the unique health and wellness concerns of the 55-and-older demographic. In support of this event, information about CBD from hemp was shared with more than 350,000 San Diego Union-Tribune (U-T) Sunday newspaper subscribers and 70,000 U-T email subscribers through print and online advertising.

HempMedsPX(TM) presented “What’s the Buzz about CBD?” during the expo, informing attendees about an alternative to medical marijuana.

The Company was the only hemp CBD exhibitor at the HIGH TIMES Medical Cannabis Cup, Los Angeles and received an overwhelmingly positive reception by attendees February 8-9.

On March 20, Medical Marijuana Inc. announced that the Company signed a memorandum of understanding (MOU) to develop a joint venture with LiveWire Ergogenics, Inc. under the name of HempWire, LLC. The CBD-rich hemp oil used in HempWire products is sourced from HempMedsPX.

Medical Marijuana Inc. announced on March 31 that due to the exponential growth of its subsidiary company HempMedsPX(TM), the Company is moving to a larger multi-building campus location in the Scripps Poway Parkway area of San Diego. The current Morena Blvd. location will serve as administrative offices for other Medical Marijuana Inc. subsidiaries.

Media exposure expanded significantly in the first quarter. Media coverage included:

Trade shows and expos featuring products from HempMedsPX(TM) included:

Continuing the Company’s community outreach efforts, the Company donated to MyCompassion.org, and efforts to create awareness of CBD-rich hemp oil expanded throughout the Midwest in March. In addition, HempMedsPX(TM) supported AutismOne’s global annual conference during which AutismOne promoted HempMedsPX(TM) via multiple radio broadcasts on VoiceAmerica.

Wellness Managed Services

Medical Marijuana Inc.’s subsidiary Wellness Managed Services launched a joint venture with MPS Security under the brand MPS International (MPSI) on January 1, 2014.

Operational highlights from Q1 include the following:

MPSI acquired a $250,000 (annual revenue expectation) security account for the Denver Mart in Denver, CO.

Began providing security to four dispensaries and retail marijuana stores.

Purchased two armored trucks for the Denver location.

Hired three new representatives: Two in Colorado and one in Washington.

Q1 CBD-rich hemp oil product sales totaled approximately $45,000

In addition to these highlights, MPSI expanded their service offerings to include security consultative services.

CanChew Biotechnologies

Sales of CanChew gum for Q1 were $47,730, down from $57,620 in Q4. The reason for the decrease in sales was due to a transition period fromHempMedsPX(TM) handing all marketing and sales over to CanChew’s internal team, which is also transitioning to a different approach. CanChew’s new strategy involves direct-to-consumer television and advertising, the company has been evaluating several different advertising and media partners for those direct-to-consumer campaigns.MedChewRX, a cannabis-based THC/CBD pharmaceutical drug, made tremendous progress with its clinical trials developed in Europe this year. A more detailed update is expected from CanChew Biotechnologies in Q3 or Q4, depending on continued clinical progress. In addition, CanChew Biotech has been seeking international product registration and approvals to open up additional international markets for their product.

Red Dice Holdings

Medical Marijuana Inc. and Dixie Holdings, the owner of Dixie Elixirs and Edibles, one of America’s first revolutionaries in cannabis-infused edibles, topicals and tinctures, agreed to settle a year-old dispute and execute a mutually beneficial Asset Purchase and Settlement Agreement.

While financial terms of the settlement were not disclosed, the core elements were as follows:

Dixie Holdings (DH) agreed to sell its interest in Red Dice Holdings (RDH) to Medical Marijuana Inc. (MJNADH) also agreed to purchase its brand and all intellectual property from RDH pertaining to Dixie Elixirs and Edibles, enabling DH to develop and expand its family of THC-infused products, and;As part of the sale of RDH, MJNA will own the brand and IP specific to Dixie Botanicals, allowing it to focus that brand specifically on hemp-derived CBD-based products.

A statement from MJNA

Medical Marijuana Inc. is extremely pleased to announce a Q1 performance that has exceeded expectations, and we apologize for the delay in releasing this report. Due to restructuring, preparing for relocation to new offices and acquisition of 100% of Red Dice Holdings, the release of Q1 financials was, unfortunately, delayed. Investors can rest assured that Q2 financials will be released on time.

The Company is incredibly proud of the success of HempMedsPX(TM) through its strategic partnerships, public relations and marketing endeavors; investors can look forward to continued success in 2014. This subsidiary has spearheaded the Company’s objectives and vision since its inception, and continues to be the driving force behind the extraordinary growth of the MJNA family of companies.

We are committed to growing our contributions/sponsorships so that we may give back both to the local community and to those who benefit the most from our products. Everyone at MJNA and HempMedsPX(TM) feel compelled to make a difference in the world, and are honored that we have been afforded the opportunity to do so. We couldn’t be more proud of the diverse and dynamic group of people we have assembled to not only develop and market industry-leading products and services, but also to bring the greater possibilities of hemp and CBD-rich hemp oil to the mainstream.

We continue to seek qualified and driven individuals for the Company’s rapid expansion, and ask that anyone who is interested in being part of an established company in a cutting-edge industry to submit their resume to HR@hempmedspx.com. – source


Chicago Cannabis Convention – Live On Air

image

Advocates for the passage and usage of medical marijuana in Illinois joined Matt Bubala in studio to talk about the Chicago Cannabis Conference being held at Navy Pier on June 7 – 8 and how Illinois fits into the cannabis using world. – source

An American Betrayal – 3/3

You know what I love?

The internet.

It sure beats buying a set of encyclopedias that collect dust up on a shelf.

So here is what you need to do right away… that is if you haven’t done so already:

Search for “cannabidiol” and “CBD.”

Allow yourself some time to visit a few of the sites that come up in your search.

Then… come back and click-on this link to get started with Kannaway.

You see… there is a very good chance you will get excited about CBD…

And you will want to try the CBD-rich hemp oil products right away when you become a Kannaway Brand Ambassador.

I know I did when I first learned about this amazing hemp oil.

It’s one of those things where you go…

“Why haven’t I known about this until now?”

Well… after watching “An American Betrayal” you realize the truth about hemp has been kept hidden.

Today… you now have an opportunity to share the incredible story of hemp and CBD and be financially rewarded in the process.

I call it a “win-win-win.”

A win for the planet… because hemp is being restored to its rightful place in the global ecosystem.

A win for all the men and women who will learn about hemp and CBD because of you.

And of course, a win for you and your family.

Click here to watch part 1 of this gripping 3 part series.

An American Betrayal – 2/3

1 Comment

Picture this:

You enter a time machine and travel back in history…

It’s the night before our lawmakers cast their vote on an issue of grave importance…

After watching from the gallery the next day, you decide that enough is enough.

You get back to the future… where you find yourself right now, eager to watch a story that begins with “An American Betrayal.”

As the story unfolds you realize that this time around, things are about to change for you.

And while the “powers-that-be” may have a lock on what gets done in Washington…

You now have the key to take back your life… and make a difference for your family, your community and for Planet Earth as well.

Click here to watch part 3 of this gripping 3 part series.

An American Betrayal – 1/3

1 Comment

Get ready to witness a spell-binding tale and what some are calling:

“A Dagger in the Chest of the Men & Women of this Country.”

It’s a story of greed and betrayal that will have you itching to take action.

Be warned though… you may feel angry when you learn what happened in the recent past.

The future, however, is bright…

Because you’ll also discover an opportunity that can financially reward you beyond your wildest dreams.

Click here to watch part 2 of this gripping 3 part series.


Hemp Set To Boom III

INDIANAPOLIS – The state could be waiting several months to implement a new law that allows the research and production of industrial hemp, even though Gov. Mike Pence signed the legislation last March.

That’s because state officials need federal approval to begin growing and researching the cousin of marijuana, which has no psychedelic affect but can be used to make products including rope, textiles, pharmaceuticals and auto parts.

The production of industrial hemp “could provide a new source of income for our farmers, allow new industries to develop in our state and go a long way towards protecting and improving Indiana’s beautiful and natural environment,” said Neil Smith, a lobbyist for the National Organization for the Reform of Marihuana Laws.

Senate Bill 357 – authored by Sen. Richard Young, D-Milltown – allows farmers to apply for a license to grow and produce industrial hemp.

“Industrial hemp has over 50,000 uses,” Young said. “The land that we’ve got here will produce hemp very well.”

The bill authorized the Office of Indiana State Chemist and Seed Commissioner to pursue necessary permits and other authorizations from the federal government to begin hemp production in Indiana.

On Feb. 7, President Barack Obama signed into law the Farm Bill of 2014, which allows production of hemp for research and pilot programs in states where hemp is legal. Robert Waltz, the Indiana seed commissioner, said he’s asked the U.S. Drug Enforcement Administration and the U.S. Department of Agriculture to give Indiana permission to move forward.

Advocates of the law say hemp is a natural crop for Hoosiers and was commonly grown in Indiana until 1937.

Waltz said that because hemp has not been grown in Indiana in more than 70 years, research is necessary to determine which types will grow well in the Midwest and meet market demands.

Click here to listen to a conference call about the Colorado Hemp industry.

“Hemp in Indiana would provide thousands of new, sustainable and well-paying jobs. It will provide a new tax base for state and local governments,” he said. “Hoosier farmers would profit greatly from hemp.”

Smith said Canadian farmers earn $200-$250 net profit per acre from growing hemp.

image

“We support farmers, and part of that support is helping them find new markets for the products they cultivate,” said Andy Dietrick, director of public relations for the Indiana Farm Bureau. Industrial hemp “is just another avenue that may become available for Indiana farmers and it may become profitable for them to get into.”

Dietrick said there is no market for industrial hemp yet, and it is just “speculation” whether the industry could be more profitable to farmers.

Also, Dietrick said among the Farm Bureau’s members, he’s not aware of anyone who’s ready to start farming hemp. – source


HempMeds – Platinum Sponsor

SAN DIEGO, May 30, 2014 (GLOBE NEWSWIRE) — Don’t look now, but there’s hemp blowing in the air in the “Windy City.”

image

HempMeds™ is rolling into “Chi-town” as the platinum sponsor of the Chicago Cannabis Conference to be held at Navy Pier June 7-8. TheChicago Cannabis Conference is hosted by MyCompassion.org, a nonprofit whose goal is increasing awareness of medical cannabis best practices to 9.8 million people in the Chicago Metro area. As a result of Illinois passing the Illinois Compassionate Medical Cannabis Act, conference presentations will feature cannabis industry professionals, non-profit organizations, medical professionals, lawmakers, and professional athletes plus patient and parent advocates.

image

“We are honored to be the platinum sponsor of the inaugural Chicago Cannabis Conference,” HempMeds™ Director of Public Relations Andrew Hard said. “With the passing of the Illinois Compassionate Medical Cannabis Act, there is a need for mass education on the cannabis industry, what is available to consumers and what impact the new regulations have on their lives. HempMeds™ is thrilled to have the opportunity to continue our awareness campaign of ‘DON’T MOVE’ and the ability to educate thousands that CBD-rich hemp oil products are available in all 50 states. HempMeds is looking forward to contributing to the discussion at theChicago Cannabis Conference.”

image

Interested conference-goers that want to check out HempMeds products and learn more should stop by the HempMeds booth located at C1.

“We are very excited to welcome HempMeds™ as the platinum sponsor of the Chicago Cannabis Conference,” Heidi Parikh, Founder and President ofMy Compassion, said. “Their dedication to helping others and the professionalism they reflect in the cannabis/hemp industry is top notch.” – source


Hemp Is Food, Fiber, Fuel and the Future

The week after a quick legal battle came to an end, Kentucky researchers sank hemp seeds into the earth and began an anxious wait for green sprouts to surface as part of the state’s first legal crop of cannabis since the World War II era.

The state-sponsored planting of hemp Tuesday at a University of Kentucky farm was the second of seven expected to take place before the end of the month.

Authorities sharply curtailed hemp growing in the U.S. in the 1930s because cannabis plants produce both the flower referred to as marijuana and the fibers known as hemp. While the flower secrets a chemical compound that produces an intoxicating high, the seeds and stalk do not. Still, until February, the ability to legally cultivate hemp was limited.

A new federal law now allows for states to run pilot projects aimed at figuring out how much profit there is in growing hemp, which can be used to make food, fuel or material.

The Kentucky ceremony marked the first planting in the U.S. of imported industrial hemp seed as part of the new program. This month, Kentucky’s Murray State University planted seeds bought from California.

image

The 13 varieties of seeds imported from Italy that were planted Tuesday had been at the center of a skirmish involving the U.S. Drug Enforcement Administration. The agency refused to OK the import, citing conflicting laws. After Kentucky sued, the two sides agreed to a compromise with the help of a federal judge.

Kentucky secured a drug-importer permit, but it won’t have to spend thousands of dollars putting in place extra security measures at the farms.

Holly VonLuehrte, chief of staff for the state agriculture commissioner, called it an unusual and reasonable arrangement.

“Our permit application was expedited, and none of our producers are adhering to the normal requirements like the razor-wire fences,” she told the Los Angeles Times on Tuesday. “What used to be unduly burdensome restrictions have been eliminated because of the new law.”

Click here to listen to a NPR interview about the scarcity of hemp seeds.

The seven plots of hemp will be harvested in the fall, assuming they grow. Researchers plan to investigate which varieties grow best and what conditions — such as soil type and fertilizer — work well.

“We certainly hope it’ll be able to grow,” VonLuehrte said.

The cannabis plants grown at the universities would be destroyed. Private farms working with the state would have the option to sell the fibers and seeds to see how much they can fetch.

image

Kentucky was once the country’s leading producer of hemp, making about 40,000 tons a year just before the Civil War. State officials have said they hope hemp farming and processing can reinvigorate the state’s economy.

“The University of Kentucky’s pilot program will help us recover much of the knowledge about industrial hemp production that has been lost since hemp was last grown in Kentucky,” state Agriculture Commissioner James Comer said in a statement. “With their help, we will bring industrial hemp back to Kentucky and with it new jobs and new farm income.” – source


Kannaway – C3 Navy Pier

Kannaway, LLC, the first hemp network marketing company to offer cannabidiol (CBD)-rich hemp botanical products, announced at their Atlanta Conference that product commissions paid totaled nearly $1 million in the company’s short 88-day history. Kannaway’s rapid growth in the network marketing industry is due to significantly increased hemp awareness and surging popularity of hemp lifestyle products in the U.S. fueled by the ability to provide the world’s first bi-bong™ formulations of CBD-rich hemp oil products. From the stage in Atlanta on May 24, executives unveiled the latest product in the Cannabis DEFINED™ line: CBD-rich hemp oil bi-bong™ herbal capsules.

image

“Cannabis Beauty DEFINED™ CBD-rich hemp oil capsules are a very convenient and transportable way to add to one’s nutrition on a daily basis,” states Kannaway CEO Jeff Rogers. “The bi-bong™ herbal extract includes ‘super foods’ like gogi berry, burdock root and green tea. The capsules are vegan, soy-free, gluten-free and nut-free. With 60 capsules per bottle and 4mg of CBD from hemp oil in each cap, DEFINED™ provides an innovative new for health-conscious Americans.”

The current line of Kannaway’s exclusively formulated CBD-rich hemp oil products are:

image

Cannabis Beauty DEFINED™ luxury anti-aging , exfoliant, moisturizer, day & night serum, toner, and salve.

image

KannaKick™ functional food energy chews with 10mg of caffeine (slightly more than a cup of coffee) in sour apple, “icy”, chocolate, citrus, and cinnamon flavors.

image

HempVĀP™ lifestyle vaporizer pen that uses strawberry and honeydew flavored CBD-rich hemp oil.

“We are extremely proud that Kannaway is taking the network marketing industry by storm,” Rogers continues. “The explosive growth of ‘Kannaway Nation’ has exceeded 70,000 marketing professionals since the pre-launch 88 days ago. Paying sales commissions of nearly $1 million in that short amount of time is a clear indication that this is just the beginning of bringing back this versatile plant to our domestic . We look forward to continuing mass education of CBD-rich hemp oil lifestyle products and how they have an impact on our everyday lives. We invite the public to join our ‘movement with a pay plan.’ Our next stop on the Kannaway national tour is Chicago on June 7 at the Chicago Cannabis Conference.” Tickets to the event may be purchased at here.

image

Attending the Atlanta Kannaway convention in support of the nationwide introduction of new CBD-rich hemp oil lifestyle products were industry leaders including: Natural News national radio show host Robert Scott Bell; UFC professional athlete Brandon Vera; IFBB Professional Bodybuilder, X-Man Toney Freeman, and Dean Petkanas, CEO of KannaLife Sciences, Inc.

KannaLife is a socially responsible bio-pharmaceutical and phyto-medical company that specializes in the research and development of pharmacological products derived from plants. Kannaway holds a five-year exclusive agreement with KannaLife for product development. – source

Follow

Get every new post delivered to your Inbox.

Join 183 other followers