Original Article can be found here: https://www.globenewswire.com/news-release/2022/07/12/2478144/0/en/Medical-Marijuana-Inc-Subsidiary-Kannaway-Achieves-Largest-Revenue-Month-in-Company-History-for-Japan-Division-in-June-2022.html Editor note: This just shows the growth of acceptance of CBD products. Japan has traditionally been very hard on cannabis and cannabis products. CBD is a great first step and the explosive growth they have shows the market is there and hungry. SAN DIEGO, CA, July 12,
Original Article can be found here: https://www.globenewswire.com/news-release/2022/07/12/2478144/0/en/Medical-Marijuana-Inc-Subsidiary-Kannaway-Achieves-Largest-Revenue-Month-in-Company-History-for-Japan-Division-in-June-2022.html
Editor note: This just shows the growth of acceptance of CBD products. Japan has traditionally been very hard on cannabis and cannabis products. CBD is a great first step and the explosive growth they have shows the market is there and hungry.
SAN DIEGO, CA, July 12, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Medical Marijuana, Inc. (OTC: MJNA) (the “Company”), the first-ever publicly traded cannabis company in the United States that launched the world’s first-ever cannabis-derived nutraceutical products, brands, and supply chain, announced today that in June its subsidiary Kannaway® has achieved its largest revenue month in the Company’s history for its Japan division.Â
Kannaway® established operations in Japan in 2019 and the company has experienced rapid growth in 2020, 2021 and to date in 2022. Japan’s CBD market is projected to become the second-largest CBD market in Asia, growing to about $1.9 billion USD by 2024.
“This year has been phenomenal for Kannaway in Japan. The company has increased sales every month in 2022 so far and we look forward to continuing this trend,” said Medical Marijuana, Inc. CEO Blake Schroeder. “Reporting indicates that the Japanese government is considering easing some of its regulations on how CBD is sold in the country, and this would allow for increased opportunity for Kannaway in the marketplace.”
To learn more about Kannaway®, please visit the Company online at https://www.kannaway.com/
About Kannaway®
Kannaway® is a network sales and marketing company specializing in the sales and marketing of hemp-based botanical products. Kannaway® currently hosts weekly online sales meetings and conferences across the United States, offering unique insight and opportunities to sales professionals who are desirous of becoming successful leaders in the sale and marketing of hemp-based botanical products.
About Medical Marijuana, Inc.
We are a company of firsts®. Medical Marijuana, Inc. (MJNA) 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 Kannaway® and HempMeds®; 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 AXIM® Biotechnologies, Inc. and Neuropathix. Medical Marijuana, Inc. was named a top CBD producer by CNBC. 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 Real Scientific Hemp Oil has been used in several successful clinical studies throughout Mexico and Brazil to understand its safety and efficacy.
Medical Marijuana, Inc.’s headquarters is in San Diego, California, and additional information is available at OTCMarkets.com or by visiting www.medicalmarijuanainc.com. To see Medical Marijuana, Inc.’s corporate video, click here.