- 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://cnw.fm/vRA8D) 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://cnw.fm/xQJY0) 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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