Marijuana Company of America (OTCQB: MCOA), a diversified hemp and cannabis company, today announced that its wholly-owned subsidiary hempSMART will be aggressively marketing, under the leadership of new Global Marketing and Sales Manager Gloria Albarran Lynch, its hempSMART(TM) CBD products through numerous distribution and retail channels globally. According to the update, the new strategy will supplement hempSMART’s current affiliate-marketing model used as its primary marketing method for its hempSMART(TM) products in the past and will focus on the wellness and beauty segments – two valuable pieces of a CBD market projected to be worth $22 billion by 2022. “Through Ms. Lynch’s leadership and implementation of this robust new marketing strategy, our premium-quality hempSMART(TM) products will be positioned in front of a larger audience of potential customers,” CEO Jesus Quintero said in the news release. “With the strength of the CBD wellness and beauty markets that are expected to be worth as much as $25 billion globally in the next decade, we intend to take advantage of this tremendous market opportunity.”
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About Marijuana Company of America Inc.
MCOA is a corporation that participates in: (1) product research and development of legal hemp-based consumer products under the brand name hempSMART(TM), which targets general health and well-being; (2) an affiliate marketing and retail sales program to promote and sell its legal hemp-based consumer products containing CBD; (3) joint ventures and acquisitions of business entities engaged in the growth and sale of hemp and cannabis products in jurisdictions where cultivation is legal; and (4) the expansion of its business into ancillary areas as market opportunities in this segment mature and develop. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com.
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