Introduced to investors in March of 2009, Medical Marijuana, Inc. is the first company entirely within the cannabis business space to be traded on public stock markets.
Being traded publicly on a stock exchange is a milestone for any new industry and serves to normalize cannabis as an industry. The creation of Medical Marijuana, Inc. was featured in the CNBC documentary Marijuana, Inc., the most watched program in station history.
With nearly 200,000 current shareholders, the widespread public investment in our company is a show of support for Medical Marijuana, Inc. and the cannabis industry at large.
Part of our core mission is making cannabis available to as much of the world’s population as possible, and we have persevered in extending “access to all” in every step our company takes.
A worldwide cannabinoid market can help people around the globe achieve better health. While some prefer cannabinoids to more well known medications for their lack of side effects, others have discovered that cannabinoids produce results that traditional pharmaceuticals have not been able to provide. A wider market also allows us to lower consumer costs, keeping our products accessible to those who need it most.
HempMeds® Brasil, a subsidiary of Medical Marijuana, Inc., became the first company to have a cannabis product, Real Scientific Hemp Oil™(RSHO™), prescribed for a number of indications when it was exported to Brazil for all forms of epilepsy, Alzheimer’s disease, Parkinson’s disease, chronic pain and migraines. Real Scientific Hemp Oil™ continues to be prescribed for more indications, as the Brazilian medical community becomes more educated about the benefits of cannabinoids. While providing access to CBD medications for patients now, Medical Marijuana, Inc. is working with health authorities in Brazil to further develop the market for cannabidiol in the country.
Medical Marijuana, Inc. portfolio investment Kannalife™ Sciences holds the first two licenses awarded to develop and commercialize drug treatments under the U.S. government’s only cannabinoid patent. Kannalife™ Sciences is a phyto-medical company specializing in the research and development of cannabinoid based pharmaceuticals. Kannalife is currently developing cannabinoid and cannabinoid-like compounds to treat orphan drug conditions of hepatic encephalopathy and chronic traumatic encephalopathy. With nearly a dozen decorated researchers on their Scientific Advisory Board and a leadership team that features decades of experience in the pharmaceutical space, including the development of orphan drugs, Kannalife™ is in a unique position to capitalize on these licenses.
All the benefits of cannabinoids, available to you online or in stores around the country. Get all our leading brands, from Real Scientific Hemp Oil™ to Dixie Botanicals®, here.
Available in all 50 states and over 40 countries
By now, you’ve likely become accustomed to hearing about medical marijuana seemingly everywhere. It’s being called a miracle drug and is widely regarded as the United States’ fastest growing industry.
With a truly mystifying amount of incorrect information out there on the subject, getting up to speed on the truth behind medical marijuana is surprisingly difficult. To make things easier, keep reading this article for the fundamentals you need to know to decide if medical marijuana is right for you.
These are the basics of medical marijuana: what it is, why it might be good for you, how long it’s been around, whether it’s legal, and how you can get legal access where you live.
Get all the details below, or skip to the section you’re most interested in:
Medical marijuana refers to using the whole cannabis plant, or the plant’s basic extracts, for the treatment of various ailments or conditions. If you’re not treating ailments or conditions, marijuana can’t be labeled medical marijuana.
Often, people become confused between the terms cannabis and marijuana. Cannabis is a category for a plant species that includes both hemp and marijuana. For a lot of people, the best way to think about cannabis is with an analogy: hemp and marijuana are to cannabis as lemons and oranges are to citrus. Two related but different plants, from the same “family.”
The characteristic that defines marijuana from hemp is the content of tetrahydrocannabinol (THC), the compound in cannabis that gets users high. Hemp is almost devoid of THC but often high in another cannabinoid – cannabidiol (CBD). Hemp has 0.3 percent THC or less while the threshold for marijuana starts at a THC concentration of 0.31 percent or higher. Both forms of cannabis, hemp and marijuana, have been shown to contain medically beneficial levels of differing cannabinoids, active compounds found in the cannabis plant.
Cannabis contains over 85 cannabinoids, some of which have been found to have therapeutically beneficial properties. The two major cannabinoids found in cannabis that academic and scientific studies demonstrate to possess the most therapeutic properties are cannabidiol (CBD) and tetrahydrocannabinol (THC), though a number of other cannabinoids, like cannabigerol (CBG) and cannabinol (CBN), also exhibit health benefits.
These cannabinoids interact directly with the body’s endocannabinoid system – a signaling network found within every mammalian species on Earth. It features two cannabinoid receptors, CB1 and CB2 receptors, which THC and CBD “dock” with to provide their therapeutic effects. THC, the mind-altering ingredient in cannabis, has been shown to increase appetite, reduce muscle control problems, and reduce nausea, pain, and inflammation. CBD doesn’t cause a psychoactive effect like THC, but it has been shown to reduce pain and inflammation, as well as be effective in killing certain cancer cells, controlling epileptic seizures, and treating mental illness.
To date, marijuana has not been recognized or approved by the U.S. Food and Drug Administration (FDA) as a food or medicine, but the agency has approved some cannabis-based medications for distribution in the U.S. In addition, over half the states and territories in the U.S. have legalized marijuana for medical use, as long as patients have registered to obtain their state’s medical cannabis “card”.
Cannabis has been used for medicinal purposes since at least the time of ancient China. Cannabis and its therapeutic benefits, specifically gout, rheumatism, constipation, and senility, were first described in ancient Chinese texts. Chinese Emperor Shennong, who was also a pharmacologist, wrote about using cannabis for treatment purposes in a book published in 2737 BC.
With regard to the United States’ pharmacological system, medical cannabis was long included as a viable treatment option. It wasn’t until 1937 when, in defiance of the American Medical Association (AMA), the U.S. passed a federal law banning cannabis. According to Americans for Safe Access, from that point on cannabis was only legally available to a small number of patients through a federally organized program called the Investigational New Drug (IND) compassionate access research program. In effect, the IND program allowed patients to receive up to nine pounds of cannabis from the government each year, in 1976.
Despite the IND program, the vast majority of Americans found themselves shut out of access to medical marijuana. Then, in the late 90’s, voters began to demand legalized medical marijuana. California was the first state to establish such a program with a voter initiative that passed in 1996. In the 20 years that have followed the historic passing of California’s proposition 215, other states followed California’s lead, establishing medical marijuana laws that allow patients access to legal cannabis with a doctor’s recommendation.
Today, 25 states and the District of Columbia allow patients to legally obtain and use medical marijuana, bringing potential access to over half of all American citizens. Despite the fact that cannabis continues to remain federally illegal, in October of 2009 the U.S. Department of Justice announced that they would not pursue medical marijuana participants or distributors who comply with state laws.
Medical marijuana laws are typically created in one of two ways: either through a voter backed initiative like in California or through a state’s legislative body as in the case of Pennsylvania. While voter initiatives must be approved to be added to ballots only on election years, state lawmakers can introduce a medical marijuana bill whenever the state legislatures are in session.
So far, 25 states have established medical marijuana programs. These states include: Alaska, Arizona, California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oregon, Pennsylvania, Rhode Island, Vermont, and Washington. In addition, Washington, DC and Puerto Rico allow medical marijuana for patients.
Additional states, while not offering comprehensive medical marijuana programs, have approved marijuana- based “low THC, high cannabidiol (CBD)” products for limited medical purposes. These states include Alabama, Florida, Georgia, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Utah, Virginia, Wisconsin, and Wyoming.
Alternatively, CBD oil products that are derived from hemp are legal to purchase and use in all 50 states without a visit to a doctor, a medical marijuana card, or paying a state enrollment fee. Made with naturally high-CBD, low-THC hemp, these products contain the same levels of CBD as those sold in medical marijuana dispensaries, but because they are sold as supplements, they are 100% legal in the U.S.
Medical marijuana is only legally available in the states and territories that have established medical marijuana programs. The conditions and ailments that are approved for medical marijuana treatment vary, so you’ll need to first determine whether your condition is included on your respective state’s list of qualifying conditions. For up to date information on state medical marijuana laws and included conditions, visit our education page.
The rules and requirements for acquiring legal medical marijuana also fluctuate widely between each individual state and territory.
In general, you’ll need to visit your doctor who, if feeling that you and your condition would benefit from medical marijuana, will write you a recommendation. Because the FDA does not consider marijuana an approved medication, your doctor cannot prescribe it and your insurance will not cover it. Your doctor’s recommendation, however, authorizes you to move forward in the approval process.
In some states, like California, a signed doctor’s recommendation (and a state photo ID) is enough to gain access to medical marijuana dispensaries (authorized marijuana distributors) and offers some protections for patients when purchasing and transporting their marijuana.
Other states will require you to obtain a state issued medical marijuana “card”. Often this will include being placed in the state’s respective record system. You will then be allowed to buy marijuana from a state approved dispensary or (in some states) delivery service. Depending on your state of residence, there may be an enrollment fee needed to apply for a medical marijuana card, costing up to $200.
Once you have access to a marijuana distributor, you’ll have the option between a number of different options for using legal medical cannabis. Dried marijuana flower is still the most popular form, but a growing number of states have banned smokeable marijuana in their programs. Other choices include tincture sprays, capsules, vapes, concentrated extracts, and edibles. For those looking for external applications, balms, salves, and lotions can be rubbed directly into the muscles, joints, and skin for focused relief. There are even dermal patches that can be placed on the skin for delayed release through the day.
While the benefits of medical marijuana have been studied since the 1940s, the most groundbreaking discoveries about cannabis and its therapeutic effects have only emerged in the last decade or so as interest in the beneficial properties of medical cannabis has grown.
Recent studies suggest that cannabis, or certain compounds within it, have the potential to:
Reduce the number and severity of debilitating epileptic seizures
Reduce muscle spasms experienced by those with multiple sclerosis
Kill or limit the growth of cancer cells
Provide anxiety relief and reduce nightmares for those with post-traumatic stress disorder
In addition, cannabis has been shown to mollify both pain and nausea, making it a potentially powerful therapeutic for numerous medical conditions, including patients having to undergo chemotherapy or traditional AIDS/HIV treatments.
More than 20,000 modern peer-reviewed scientific articles on the pharmacology of cannabis and its cannabinoids have been published by medical journals, further confirming the medicinal properties of marijuana.
Biotech firms in the U.S. and internationally are currently pursuing the development of cannabis-based medicines aimed at a number of conditions, including epilepsy, psoriasis and eczema, and multiple sclerosis, by isolating specific cannabinoids within the cannabis plant for focused relief.
Almost daily, news stories featuring cannabis find their way into national media, further feeding its meteoric growth. Included among recent national medical marijuana headlines are:
For more of the latest news about legal cannabis and the marijuana industry, visit our news feed.
If you’re unable to get access to medical marijuana, there are other options. Chief among them is CBD hemp oil, the natural botanical extract of the hemp plant, which can be purchased in and delivered to all 50 states without violating state or federal laws regarding cannabis.
CBD hemp oil is derived from the hemp plant, a particular variety of cannabis. While you can find hemp oil in many local stores, store-bought hemp oil is usually derived from hemp seeds and doesn’t contain the significant concentration of CBD that pure CBD hemp oil contains. Hemp oil extracted from the stalk, instead of the seed, is abundant in CBD, as well as essential vitamins, minerals, fatty acids, terpenes, flavonoids, fiber and protein, and other trace cannabinoids. Like medical marijuana, CBD hemp oil products come in a range of applications, like capsules, topicals, vapes, tinctures, energy chews, and even beauty products.
There’s a wealth of information about medical marijuana available. If you’re interested in learning more, be sure to check out some of our other content:
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. Always check with your physician before starting a new dietary supplement program.
* Cannabidiol (CBD) is a naturally-occurring constituent of the industrial hemp plant.
Medical Marijuana Inc. does not sell or distribute any products that are in violation of the United States Controlled Substances Act (US.CSA). The company does grow, sell and distribute hemp based products.