Business
CannabisNewsWire Announces Recent Washington, D.C., Changes Pave Way for Opportunity for Hemp and Cannabis Producers
CannabisNewsWire Announces Recent Washington, D.C., Changes Pave Way for Opportunity for Hemp and Cannabis Producers.
About this update from Marijuana Company Of America, Inc.
[{"type":"text","content":"\nNEW YORK, Nov. 28, 2018 (GLOBE NEWSWIRE) -- via CannabisNewsWire – CannabisNewsWire (\"CNW\"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Marijuana Company of America, Inc. (OTC: MCOA), a client of CNW that focuses on product research and development of legal hemp-based consumer products containing CBD under the brand name \"hempSMART\", an affiliate marketing program to promote and sell its products, as well as leasing of real property and expansion of business into ancillary areas of the legalized cannabis and hemp industry.\n To view the full publication, titled “Departure of US AG and Democratic House Control Improve Prospects for Hemp Industry,” visit: http://cnw.fm/NpUA5 Hemp, which does not get users high and is useful for a variety of purposes, was banned by the sweeping laws of drug prohibition decades ago. Recent state-level reforms have allowed the establishment of projects such as MCOA’s hemp project in Scio, Oregon, in conjunction with their joint venture partner Global Hemp Group Inc. But tension has existed for years between state-level legalization and the continuing federal prohibition on all forms of cannabis. Trump’s offer of reform appeared to be a solution. Though Sessions was not able to launch a new escalation of the war on drugs, his stance on the subject frustrated cannabis proponents. Even as brands such as MCOA’s hempSMART brought a state-legalized flood of hemp-derived products to the health and wellness markets, Sessions’ presence threatened to stifle the fast-growing industry. About Marijuana Company of America Inc. MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART”, that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreational use; and, (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and op...