- Significant changes within politics paint a promising picture for the cannabinoid industry
- MCOA is involved in the cultivation, manufacture and distribution of hemp-derived products
- MCOA recently announced the launch of its reformulated, patent pending product, hempSMART™ Brain
President Trump recently made the statement that he is likely to back the States Act introduced by Senators Cory Gardner (R-CO) and Elizabeth Warren (D-MA), which removes federal involvement into state-by-state medical and recreational cannabis legislation. This is great news for those in the U.S. cannabinoid market (http://nnw.fm/ZnoV8). Also, significant changes have taken place in the political acceptance of the cultivation of hemp on American soil. In a bipartisan move, Senator Chuck Schumer (D-NY) announced last month he will be signing Senator Mitch McConnell’s (R-KY) Industrial Hemp Farming Act of 2018. The bill seeks to remove industrial hemp from the same definition of marijuana under the Controlled Substances Act. Schumer referred to the current federal law as a crock, stating, “It makes no sense that the DEA is the primary regulator, and that they stop farmers and investors from growing hemp. Why are we buying hemp from other countries, when we have hundreds of acres that could be grown right here in our backyard?” (http://nnw.fm/89HTm).
Marijuana Company of America, Inc. (OTC: MCOA) operates as an umbrella company supporting a variety of portfolio businesses that participate within the legal cannabis and hemp industry by providing turnkey products and services. First and foremost an…
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