Business
Medical Marijuana, Inc. Subsidiary HM Pharma Submits CBD Product Dossier; Receives Sanitary Registration in Brazil
Medical Marijuana, Inc. Subsidiary HM Pharma Submits CBD Product Dossier; Receives Sanitary Registration in Brazil.
About this update from Medical Marijuana, Inc.
[{"type":"text","content":"\n SAN DIEGO, CA, Aug. 11, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Medical Marijuana, Inc. (OTC: MJNA) (the “Company”), the first-ever publicly traded cannabis company in the United States that launched the world’s first-ever cannabis-derived nutraceutical products, brands, and supply chain, announced today its pharmaceutical subsidiary, HM Pharma, has submitted a product dossier for its cannabidiol (CBD) products after receiving Sanitary Authorization from ANVISA, Brazil’s Health Regulatory Agency.  Under ANVISA Normative 327/2019, this registration allows companies such as HM Pharma to bulk import raw extracts, isolated cannabinoids or finished products as well as manufacture and distribute cannabis products to pharmacies in Brazil.  “This is a large accomplishment for our company and great news for the citizens of Brazil,” said Matheus Patelli, Managing Director of HM Pharma. “Submitting our dossier is the final step to registering our product as a pharmaceutical product in Brazil enabling our company to sell our products in pharmacies. We hope to provide another option to access CBD for those in need.” Medical Marijuana, Inc. subsidiary HempMeds® Brasil was the first company to legally import products to Brazil in 2015 utilizing Brazil’s Compassionate Use laws. The compassionate use market in Brazil is thriving and it will continue to coexist with the medical market. HempMeds® Brasil, which is currently growing 75% faster than the overall Brazilian CBD market, and is the leading company in Brazil's cannabis industry, will continue to operate under the compassionate use model, while HM Pharma will operate under ANVISA Normative 327/2019. “It’s tremendous to see continued growth and regulatory progress for our company in Brazil,” said Medical Marijuana, Inc. CEO Blake Schroeder. “We are optimistic about our incredible forward momentum into the pharmaceutical space, and we look forward to sharing more exciting updates on our new sales channels in the near future.” About Medical Marijuana, Inc. We are a company of firsts®. Medical Marijuana, Inc. (MJNA) is a cannabis company with three distinct business units in the non-psychoactive cannabinoid space: a global portfolio of cannabinoid-based nutraceutical brands ...