- MCOA
focuses on providing products and services to the legal cannabis and
industrial hemp industries
- Regulatory
change is imminent in these industries
- MCOA
is positioned to leverage promising trends in the industry
Based in Escondido, California, Marijuana Company of
America, Inc. (OTC: MCOA) focuses on providing turn-key services to the legal
cannabis and industrial hemp industries. The company provides varied services
and products via its strategic cross-country platform. Fundamentally, MCOA is
undergoing development to support an array of portfolio companies that
participate within these sectors.
The company’s business model includes a diverse portfolio of
interactive business segments. MCOA’s portfolio includes hempSMART™, its New
Brunswick hemp project, joint venture entity Covered Bridge Acres Ltd. and an
ownership stake in MoneyTrac Technology, Inc.
MCOA’s hempSMART™ is committed to the development of
industrial hemp-derived cannabidiol (CBD) nutritional products. hempSMART sells
products via affiliate marketing and is developing a network of independently
driven business owners to distribute hempSMART products. The company is
dedicated to improving its customers’ health and wellness via education,
promotion and distribution of products derived from industrial hemp.
hempSMART’s mission is to find, research, develop and
deliver premier natural botanical ingredients centered on wellness and personal
care. These proprietary formulations support and enhance the benefits of
hemp-based cannabinoids.
The cannabidiol market is expected to achieve rapid and
sustained growth due to the positive regulatory changes on the immediate
horizon. Cannabis Law Advisor (http://ibn.fm/TgiLJ) noted that, “…industrial hemp
continues to gather bipartisan supporters, including Mitch McConnell (R-KY).”
On June 25, 2018, the Food and Drug Administration (FDA),
for the first time, approved a medicine that uses CBD as its active ingredient.
Upon the anticipated passing of the 2018 Farm Bill, hemp and hemp-derived CBD
will no longer be classified as a Schedule I drug, opening up vast markets
nationally and internationally.
Moreover, Cannabis Tech (http://ibn.fm/Pxd2m) notes that, “…hemp demand is on the
rise. It has been predicted that by 2020, the hemp industry will be a
$1.1 billion industry and by 2022, as much as $1.8 billion.”
MCOA is positioned to take advantage of the promising trends
in the industry. By way of hempSMART, the company’s aim is to make this wholly
owned subsidiary into a passionate movement to help foster the growth of the
industrial hemp industry. Its emphasis is on supporting the renaissance of
green sustainable hemp-based products and disruptive superior technologies.
MCOA recently added an industrial hemp cultivation site in
Scio, Oregon, to its operations. This is a 109-acre site in the Willamette
Valley. The company established this in collaboration with Global Hemp Group
(CSE: GHG) (OTC: GBHPF). In addition, the two companies are working together on
a hemp cultivation project in the Province of New Brunswick, albeit it on a
significantly larger scale. Therefore, MCOA has in place its business strategy
to leverage the potential of the industrial hemp industry.
For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com
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Editor@QualityStocks.com
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