ESCONDIDO, Calif., April 16, 2020 /PRNewswire/ -- Marijuana Company of America, Inc. ("MCOA" or the "Company") (OTCQB: MCOA), an innovative hemp and cannabis corporation, is celebrating April 20th (aka. 420) with a special promotion to all of our hempSMART™ followers and customers. MCOA has long championed the cannabis industry sectors of legal hemp (CBD) and medicinal marijuana. "We have been on the forefront of technological innovations, healthy CBD formulations and legalization efforts since we launched the company. We have positioned ourselves as a leader in our industry and pioneers in the CBD sector having received one of the first CBD patents on our Brain Product. More than ever, we are proud that MCOA has developed products that enhance our customers' wellness – we never sacrifice quality at the expense of our customers. Our commitment to developing affordable, quality, and innovative CBD products has allowed us to distinguish ourselves from a disorganized and poorly branded sector," said CEO Jesus Quintero
Peter Gigante, recently wrote for Green Entrepreneur, "While many Americans may think of April 20 or 4/20 as a "stoner" holiday, that kind of thinking is quickly becoming a thing of the past. Cannabis is available for medical or adult use in more states than ever before and its stigma is steadily fading. In fact, according to Pew Research, a record-high 62 percent of Americans say the use of cannabis should be legalized. Consumers across the country are incorporating cannabis into their regular routines thanks to the wide variety of products available. 4/20 is now celebrated all year round! Cannabis products are used for a variety of wellness applications: overall, 71 percent of consumers reported they reduced (53 percent) or stopped (18 percent) their over-the-counter (OTC) pain treatment, and 60 percent have reduced or stopped their alcohol consumption."
"With the legalization of hemp-derived CBD via the Farm Bill earlier this year, we are seeing these products sold in the online (hempsmart.com) marketplace and in brick and mortar stores - CVS, and The Vitamin Shoppe. We expect sales to continue to grow exponentially as Americans learn more about the health benefits and alternative choices for their well-being," said Gloria Albarran Lynch, CMO hempSMART™
Whether you've been enjoying cannabis and its benefits for years, or are newly canna-curious, it's important to be educated about the history of the industry, where we are today and what to expect in the future.
Happy April 20th – 420! Join us at hempSMART.com
Stay Safe and Take Care of Each Other!
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™, 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.
Legal Status of Cannabis
While legalized in California for recreational and medicinal use, cannabis remains a Schedule 1 drug under the Controlled Substances Act (21 U.S.C. § 811) and illegal under the federal law.
This news release contains "forward-looking statements," which are not purely historical and may include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs, and results of new business opportunities and words such as "anticipate," "seek," "intend," "believe," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q, and other periodic reports filed from time to time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.
For more information, please visit the Company's websites at: MarijuanaCompanyofAmerica.com ; HempSMART.com
SOURCE Marijuana Company of America