SAN DIEGO, Jan. 9, 2018 /PRNewswire/ -- Medical Marijuana, Inc. (OTC: MJNA), the first publicly traded cannabis company in the United States, today announced the historic registration of its Real Scientific Hemp Oil-X™ (RSHO-X™) and RSHO™-Blue Label products as registered medicines by Paraguay's national health regulation organization (Dirección Nacional de Vigilancia Sanitaria).
"We are a Company of firsts and we are excited about this new historic milestone of being the first company to have a CBD product registered in Paraguay," said Medical Marijuana, Inc. CEO Dr. Stuart Titus.
"We have actively pursued getting our pipeline of botanical cannabis products registered and approved as therapeutic products in countries around the world, which opens the ability for international pharmacies and healthcare providers to distribute cannabis products to patients," added Dr. Titus. "This is yet another example of the international trend of acceptance of CBD for therapeutic use, and we are continually encouraged by the decisions of governments and regulators to permit use of cannabis and CBD products for patients suffering from multiple indications - especially where conventional medicine has had modest or limited effects."
Paraguay's official registration of Medical Marijuana, Inc.'s CBD hemp oil products marks the first country that has registered and approved the Company's products as medicinal products. Currently, Medical Marijuana, Inc.'s CBD hemp oil products have been used in Paraguay with medical indications ranging from cancer, pain, multiple sclerosis, epilepsy and various other neurological diseases.
Prior to becoming registered as official medicines, in May of 2016, Real Scientific Hemp Oil™ became the first medical cannabis product approved and imported for use in Paraguay for compassionate use with a prescription and government permission. This event marked the third time in a little over a year that RSHO™ was the first cannabis product approved in a Latin American country, following the lead of Brazil and Mexico.
About Medical Marijuana, Inc.
We are a company of firsts®. Our mission is to be the premier cannabis and hemp industry innovators, leveraging our team of professionals to source, evaluate and purchase value-added companies and products, while allowing them to keep their integrity and entrepreneurial spirit. We strive to create awareness within our industry, develop environmentally-friendly, economically sustainable businesses, while increasing shareholder value. For details on Medical Marijuana, Inc.'s portfolio and investment companies, visit www.medicalmarijuanainc.com.
To see Medical Marijuana, Inc.'s corporate video, click here.
Shareholders and consumers are also encouraged to buy CBD oil and other products at Medical Marijuana, Inc.'s shop.
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Medical Marijuana, Inc. to be materially different from the statements made herein.
FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSURE
These statements have not been evaluated by the FDA and are not intended to diagnose, treat or cure any disease.
Medical Marijuana, Inc. does not sell or distribute any products that are in violation of the United States Controlled Substances Act (US.CSA). These companies do grow, sell, and distribute hemp-based products and are involved with the federally legal distribution of medical marijuana-based products within certain international markets. Cannabidiol is a natural constituent of hemp oil.
SOURCE Medical Marijuana, Inc.