NEW YORK, Oct. 22, 2014 /PRNewswire/ -- Medical Marijuana, Inc. (OTCBB: MJNA) operates in the medical marijuana and industrial hemp markets. Its products range from patented and proprietary based cannabinoid products to seed and stalk or isolated high value extracts manufactured and formulated for the pharmaceutical, nutraceutical, and cosmeceutical industries. The company is targeting one big trend in medical marijuana: products that don't get you high. A large portion of the medical research going on is focused on the cannabinoids in Marijuana. There are 80+ of these cannabinoids in the cannabis plant and researchers think many of them may help medically with different things.
MJNA services include development of cannabinoid based health and wellness products; and development of medical grade compounds; and licensing of proprietary testing, genetics, labeling and packaging, tracking, production, and standardization methods for the medicinal herb industry. It also offers pre-and-post production tracking, gemplasm references, and packaging and processing services. These products are often expensive – companies making tinctures, capsules or creams infused with CBD-rich hemp must import the plant from outside the U.S. It's a process that is, not surprisingly, strictly regulated (translation: costly). But the market for these types of legal alternatives to marijuana may be growing. HempMeds – which makes CBD infused products – says they sell about $1 million in products each month. HempMeds' parent company, Medical Marijuana Inc. (MJNA), says that through all of its divisions, it's sold some $60 million worth of CBD-only, THC-free products so far this year. Medical Marijuana, Inc. is based in San Diego, California.
There has been considerable buzz as well as serious investor attention in the sector but also a tendency toward excess volatility and promotion. As long as investors go in with eyes wide open this can be managed to advantage. The recent decline appears to be exhausting – so be alert for an upward continuation and follow if to the upside with a $0.21 long target near term.
Refer to the analyst report for specific technical observations. We would urge investors to conduct their own fundamental due diligence by at minimum, studying the Company's public disclosures.
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