Our portfolio company Kannaway joins the board of hemp industry coalition, the U.S. Hemp Roundtable, to further our efforts to promote the hemp industry in the United States.
Medical Marijuana, Inc. subsidiary Kannaway has been selected as a member of the Board of Directors U.S. Hemp Roundtable. As a member of the U.S. Hemp Roundtable board, Kannaway will work to advance hemp in the U.S. by supporting smart regulations for hemp cultivation and processing. The company will also help to guide safety and quality standards for the CBD oil industry and to promote CBD products as an alternative wellness product.
Medical Marijuana, Inc. was the first company to develop CBD oil products derived from hemp and distribute them throughout the United States. Through our subsidiaries like HempMeds® and Kannaway, Medical Marijuana, Inc. now offers our award winning CBD oil products to consumers in the U.S. and in over 40 countries around the world.
Promoting Hemp and CBD
Medical Marijuana, Inc. and our family of companies have been vocal advocates for hemp and CBD through the years, hosting or sponsoring hemp and CBD educational events. Kannaway also regularly hosts its Hemp for Humanity events around the world to promote the wellness, environmental, and economic benefits of hemp.
“Since forming our company, Kannaway, in association with its parent company Medical Marijuana, Inc. and its other subsidiaries, have participated in many domestic and international efforts to advocate for expanded access to hemp by hosting educational events and speaking with prominent regulatory bodies, including but not limited to the U.S. Food and Drug Administration (FDA), Mexico’s Federal Commission for the Protection Against Sanitary Risk (COFEPRIS) and Brazil’s National Sanitary Surveillance Agency (ANVISA),” said Kannaway® CEO Blake Schroeder. “We are honored to have the opportunity to continue these efforts as a member of the U.S. Hemp Roundtable Board of Directors.”
What is the U.S. Hemp Roundtable?
Formed in 2017, the U.S. Hemp Roundtable is a coalition of more than 50 leading hemp companies representing every link of the industry’s supply chain from cultivation to sale, including CBD oil companies like Kannaway.
The organization achieved its primary goal of securing the passage of the Agriculture Improvement Act of 2018, which established hemp federally as an agricultural commodity and permanently removed it from regulation as a controlled substance, legalizing it for nationwide cultivation and legitimizing hemp products. This was an important milestone for the hemp industry, setting the stage for a hemp renaissance in the U.S. as hemp rushes back into our economy.
“It’s encouraging to see the U.S. shift its focus back to hemp, a founding crop of this country, as U.S. farmers have been licensed to grow over 511,000 acres of the plant just this year, a 455 percent increase over 2018,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “With this monumental increase in the cultivation of the plant, we foresee the market’s revenue growth to mirror this and look forward to joining forces with the U.S. Hemp Roundtable to create a safe and legal market for all.”
The U.S. Hemp Roundtable now continues to focus on lobbying efforts in state capitals to fully legalize hemp and popular hemp derived products like CBD oil. According to the organization’s website, current missions include:
- Focused lobbying efforts in state capitols to fully legalize hemp and popular hemp-derived products like cannabidiol (CBD)
- Facilitating information exchange with law enforcement and federal agency officials
- Continued long-term legislative advocacy on other major policy issues, remaining vigilant against potential attempts of rival industries to halt hemp’s progress
- Coordination with the US Hemp Authority, whose certification program promotes high standards, best practices and self-regulation, providing confidence to consumers that hemp products are safe and to law enforcement that they are legal
Medical Marijuana, Inc. is excited for the opportunity to represent our family of companies on the U.S. Hemp Roundtable through Kannaway’s selection to the organization’s Board of Directors and take part in achieving these goals.
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