 | |
| Type | Public |
|---|---|
| OTC Pink: MJNA | |
| Industry | Dietary supplements and consumer products |
| Headquarters | San Diego, California, U.S. |
| Website | medicalmarijuanainc |
Medical Marijuana, Inc. (traded over the counter as MJNA) is a holding company with subsidiaries that make and sell a range of hemp-based products.
The company operated at a loss for 2011 and 2012, and made money for the first time in 2013 on the basis of a single contract signed by one of its subsidiaries. [1] In 2013, MMI and CannaVEST, an exchange-traded fund, each invested in a company called Kannalife Sciences Inc. [2] [3] [4] [5] Kannalife was founded to commercialize inventions made at the NIH concerning methods to use cannabidiol as a neuroprotectant. [2] As of 2016, Kannalife was working on novel analogs of CBD that are more drug-like than CBD. [4]
In the fall of 2014, the company filed a lawsuit against Project CBD and Stewart Environmental Labs to dispute a report of “significant levels of toxic solvents” in the hemp oil offered by one of their subsidiaries. Stewart Environmental settled with the company, but Project CBD filed an anti-SLAPP motion in May 2015. [6]
In 2014, MMI reported that it was under investigation by the SEC; the Financial Industry Regulatory Authority warned investors that year about penny stock scams in the marijuana industry. [7] In 2015 a report in Forbes laid out relationships among CannaVEST, money taken in by the real estate Ponzi scheme run by Llamas, Stuart Titus and the private equity firm General Hemp that he ran, and one of MMI's subsidiaries called PhytoSphere. [7]
In 2015 the company hired Titus as CEO after having an interim CEO since Llamas' departure. [1] At that time, the company did most of its business through a subsidiary called HempMedsPX, which marketed and sold products from other MMI subsidiaries. [1] As of 2015 the company sourced the hemp oil used in its products from a facility in Denmark. [1] Its then-most prominent product was called "Real Scientific Hemp Oil", sold at around $169 per 3 grams, and was marketed as a dietary supplement. It also sold a range of other consumer products, such as hemp-based shampoo. [1]
In 2021 the company replaced Titus with Blake Schroeder as Chairman of the Board and named him Chief Executive Officer and President. [8] Schroeder also fills a dual role as Chief Executive Officer at Kannaway, LLC, an MJNA portfolio company. [9]
A cannabis edible, also known as a cannabis-infused food or simply an edible, is a food product that contains decarboxylated cannabinoids from cannabis extract as an active ingredient. Although edible may refer to either a food or a drink, a cannabis-infused drink may be referred to more specifically as a liquid edible or drinkable. Edibles are a way to consume cannabis. Unlike smoking, in which cannabinoids are inhaled into the lungs and pass rapidly into the bloodstream, peaking in about ten minutes and wearing off in a couple of hours, cannabis edibles may take hours to digest, and their effects may peak two to three hours after consumption and persist for around six hours. The food or drink used may affect both the timing and potency of the dose ingested.
Cannabidiol (CBD) is a phytocannabinoid discovered in 1940. It is one of 113 identified cannabinoids in cannabis plants, along with tetrahydrocannabinol (THC), and accounts for up to 40% of the plant's extract. As of 2019, clinical research on CBD included studies related to anxiety, cognition, movement disorders, and pain, but there is insufficient high-quality evidence that cannabidiol is effective for these conditions. Nevertheless, CBD is an herbal dietary supplement promoted with unproven claims of particular therapeutic effects. The global market size for CBD was predicted to exceed US$47 billion by 2028.
Cannabis tea is a cannabis-infused drink prepared by steeping various parts of the cannabis plant in hot or cold water. Cannabis tea is commonly recognized as an alternative form of preparation and consumption of the cannabis plant, more popularly known as marijuana, pot, or weed. This plant has long been recognized as an herbal medicine employed by health professionals worldwide to ease symptoms of disease, as well as a psychoactive drug used recreationally and in spiritual traditions. Though less commonly practiced than popular methods like smoking or consuming edibles, drinking cannabis tea can produce comparable physical and mental therapeutic effects. Such effects are largely attributed to the THC and CBD content of the tea, levels of which are drastically dependent on individual preparation techniques involving volume, amount of cannabis, and boiling time. Also in common with these administration forms of cannabis is the heating component performed before usage. Due to the rather uncommon nature of this particular practice of cannabis consumption in modern times, the research available on the composition of cannabis tea is limited and based broadly around what is known of cannabis as it exists botanically.
Ross Rebagliati is a Canadian snowboarder who won a gold medal in the men's giant slalom event at the 1998 Winter Olympics. The International Olympic Committee initially stripped him of the medal due to a failed drug test for cannabis use, but was overruled by an appeals court two days later, resulting in the medal being restored. Since retiring from snowboarding, Rebagliati has become an entrepreneur in the cannabis industry.
Hash oil, also known as honey oil or cannabis oil, is an oleoresin obtained by the extraction of cannabis or hashish. It is a cannabis concentrate containing many of its resins and terpenes – in particular, tetrahydrocannabinol (THC), cannabidiol (CBD), and other cannabinoids. There are various extraction methods, most involving a solvent, such as butane or ethanol. Hash oil is usually consumed by smoking, vaporizing or eating. Hash oil may be sold in cartridges used with pen vaporizers. Preparations of hash oil may be solid or colloidal depending on both production method and temperature and are usually identified by their appearance or characteristics. Color most commonly ranges from transparent golden or light brown, to tan or black. Cannabis retailers in California have reported about 40% of their sales are from cannabis oils. Hash oil is an extracted cannabis product that may use any part of the plant, with minimal or no residual solvent. It is generally thought to be indistinct from traditional hashish, according to the 1961 UN Single Convention on Narcotic Drugs, as it is "the separated resin, whether crude or purified, obtained from the cannabis plant".
The legal history of cannabis in the United States began with state-level prohibition in the early 20th century, with the first major federal limitations occurring in 1937. Starting with Oregon in 1973, individual states began to liberalize cannabis laws through decriminalization. In 1996, California became the first state to legalize medical cannabis, sparking a trend that spread to a majority of states by 2016. In 2012, Washington and Colorado became the first states to legalize cannabis for recreational use.
Charlotte's Web is a brand of high-cannabidiol (CBD), low-tetrahydrocannabinol (THC) products derived from industrial hemp and marketed as dietary supplements and cosmetics under federal law of the United States. It is produced by Charlotte's Web, Inc. in Colorado. Hemp-derived products do not induce the psychoactive "high" typically associated with recreational marijuana strains that are high in THC. Charlotte's Web hemp-derived products contain less than 0.3% THC.
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Cannabis in Wisconsin is illegal for recreational use. Possession of any amount is punishable by up to 6 months in prison and a $1000 fine for a first offense. A second offense is punished as a felony with up to 3.5 years in prison and up to a $10,000 fine. However, several municipalities and counties in Wisconsin have decriminalized or lessened penalties for minor possession offenses. Medical use is legal only in the form of low-THC cannabis oil.
Cannabis in Iowa is illegal for recreational use if classified as marijuana but consumable hemp products including CBD products are legal for consumers to possess and registered retailers to sell. Possession of even small amounts of marijuana is a misdemeanor crime. The state has a medical cannabidiol program for serious medical conditions that allows for the legal possession of products containing 3% or less THC.
Cannabis in Idaho is fully illegal for any use, whether recreational or medical. The laws on cannabis prohibition in Idaho are among the most severe in the United States, with possession of even small amounts of it is a misdemeanor crime, and no legality of medical marijuana. As of 2018, support for the legalization of medical cannabis is broadly popular in the state, while legalization of the drug recreationally remains a wedge issue. Both the state's legislature as a whole and its governor, Brad Little, remain staunchly opposed to its legalization for medicinal or recreational purposes.
Cannabis in Kentucky is illegal for recreational use, but is legal to process for medical use but only if it is 8 ounces or less and was legally purchased in another state. Non-psychoactive CBD oil is also legal in the state, and Kentucky has a lengthy history of cultivating industrial hemp for fiber since 1775.
Cannabis in Oklahoma is illegal for recreational use, but legal for medical use with a state-issued license, while CBD oil derived from industrial hemp is legal without a license.
Cannabis in Israel is allowed for specified medical usage, and is illegal but partially decriminalized for recreational use, with prosecution for home use and possession of 15 grams or less generally not enforced by the authorities. Public and cross-party political support for the complete decriminalization of cannabis increased in the 2010s with increasing usage for both medical and recreational purposes, and the establishment of a political party primarily devoted to this cause; on July 19, 2018, the Knesset approved a bill for decriminalization, although the supporters of recreational cannabis use insisted that this did not represent complete decriminalization. The law came into effect on April 1, 2019. On June 25, 2020, further legislation designed to decriminalize possession of up to 50 grams of cannabis began its passage through the Knesset.
Cannabis has been cultivated in Japan since the Jōmon period of Japanese prehistory approximately six to ten thousand years ago. As one of the earliest cultivated plants in Japan, cannabis hemp was an important source of plant fiber used to produce clothing, cordage, and items for Shinto rituals, among numerous other uses. Hemp remained ubiquitous for its fabric and as a foodstuff for much of Japanese history, before cotton emerged as the country's primary fiber crop amid industrialization during the Meiji period. Following the conclusion of the Second World War and subsequent occupation of Japan, a prohibition on cannabis possession and production was enacted with the passing of the Cannabis Control Law.
Terms related to cannabis include:
KushCo Holdings is an American company that sells packaging, containers, and other ancillary products for the cannabis industry. It is based in Garden Grove, California and is publicly traded on the New York OTCQB marketplace under the stock ticker symbol, KSHB.
VIVO Cannabis Inc(formerly ABcann Global) is a Canadian licensed cannabis producer, headquartered in Napanee, Ontario. The company trades on the Toronto Stock Exchange as VIVO.
Tilray Brands, Inc. is an American pharmaceutical, cannabis-lifestyle and consumer packaged goods company, incorporated in the United States, headquartered in New York City. Tilray also has operations in Canada, Australia, New Zealand, and Latin America, with growing facilities in Germany and Portugal.
Zenabis Global Inc. is a Canadian medical and recreational marijuana producer.