SEATTLE, WA–(Marketwired – Mar 9, 2017) – CFN Media Group, the leading creative agency and digital media network dedicated to legal cannabis, announces the publication of an article covering Medical Marijuana Inc.’s (OTC PINK: MJNA) diverse portfolio of subsidiaries and investments, and the importance of such diversification in light of the United States governments’ recent comments regarding enforcement of federal marijuana regulations.
Attorney General Jeff Sessions isn’t exactly known for his friendliness towards the cannabis industry. In the past, he has called marijuana reform a “tragic mistake” and criticized FBI Director James Comey and Attorney General Eric Holder and Loretta Lynch for not enforcing the federal prohibition on the drug. He has even gone so far as saying that “good people don’t smoke marijuana” and that it is a “very real danger” to society.
Many Democrats and Libertarian-leaning Republicans expressed concerns over these comments and the potential to overturn the Obama-era policy permitting state-level marijuana legalization. A bipartisan group of Senators led by Sens. Elizabeth Warren (D-Mass.) and Lisa Murkowski (R-Alaska) recently sent a letter to Sessions urging him to uphold the prevailing policy after the Trump administration hinted that it would crack down on the industry.
Sessions responded by privately reassuring Republican senators that he wouldn’t deviate from the Obama-era policy. But, Sessions’ and Trump’s opposition to legalized marijuana mean that these reassurances may not be as strong as Obama-era policies. White House Press Secretary Sean Spicer’s comments that recreational marijuana would be subject to “greater enforcement” also opens the door to orders coming from higher up the chain to crack down.
Medical Marijuana Inc. is not the typical “weed company” that many people think, but rather a highly diversified conglomerate that shares a common core — cannabis. According to its most recent annual report, the company has an interest in eight different subsidiaries involved in businesses including nutraceuticals, pharmaceuticals, sales/marketing, and consulting among others, which provides investors with a high level of diversification.
These subsidiaries include (with MJNA’s percent interest):
- HempMedsPX LLC (100%)
- Wellness Managed Services LLC (80%)
- Red Dice Holdings LLC (100%)
- CanChew® Biotechnologies LLC (50%)
- Hempwire LLC (50%)
- Kannaway LLC (100%)
- HempVap LLC (50%)
- HempMeds Brasil (93.4%)
The company’s largest businesses include its Real Scientific Hemp Oil (RSHO) hemp-based cannabidiol (CBD) oil, which is distributed around the world through various subsidiaries. In addition to this business, the company’s CanChew subsidiary is focused on the treatment of pain and other medical disorders via its chewing gum-based cannabinoid medical products, which will be released as a prescription and over-the-counter product.
The company also holds investments in KannaLife Sciences Inc. (16.7%), AXIM Biotechnologies Inc. (45.5%), and Cannavest Corp. (4.4%), which provide further exposure to different areas of the cannabis industry.
Please follow the link to read the full article: http://www.cannabisfn.com/sessions-drama-highlights-importance-cannabis-diversification/
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About CFN Media
CFN Media (CannabisFN) is the leading creative agency and media network dedicated to legal cannabis. We help marijuana businesses attract investors, customers (B2B, B2C), capital, and media visibility. Private and public marijuana companies and brands in the US and Canada rely on CFN Media to grow and succeed.
About Medical Marijuana Inc.
Our mission is to be the premier cannabis and hemp industry innovators, leveraging our team of professionals to source, evaluate and purchase value-added companies and products, while allowing them to keep their integrity and entrepreneurial spirit. We strive to create awareness within our industry, develop environmentally friendly, economically sustainable businesses, while increasing shareholder value. For details on Medical Marijuana, Inc.’s portfolio and investment companies, visit http://www.medicalmarijuanainc.com.
To see Medical Marijuana, Inc.’s video statement, click here.
Shareholders are also encouraged to visit the Medical Marijuana, Inc. Shop for discounted products.
Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC, which owns CFN Media and CannabisFN.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: http://www.cannabisfn.com/legal-disclaimer/.