- Global market for marijuana projected to be worth $63.5 billion by 2024
- MCOA is leading the way in hemp-derived CBD-based products
- MCOA is evaluating further joint ventures and acquisitions to enhance shareholder value
A study conducted by Ameri Research Inc. has indicated that the global market for legal marijuana will be worth $63.5 billion by 2024 (http://nnw.fm/85O6j). This growth is being driven by the increasing passage of cannabis legislation, in terms of both laws for medicinal use and the rapidly expanding recreational use legislation being passed by many states in America and countries around the world. More and more companies are entering this market sector to take advantage of the plethora of available business opportunities. Marijuana Company of America, Inc. (OTC: MCOA) is a company that provides a wide assortment of products and services in the hemp industry. It is establishing itself as a leader in the hemp space by creating a diversified umbrella of investments involved in cultivation, processing, manufacturing and distribution.
MCOA’s wholly owned subsidiary, hempSMART™, was established to develop hemp-derived, innovative cannabinoid (CBC, CBD, CBG, CBN)-based consumer products. Its manufacturing process uses the highest quality extracts from hemp for its proprietary formulations, with complimentary herbal ingredients used to enhance and maximize the effects of CBD. One of its foremost products is…
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