- Files Form S-1 Registration Statement to receive up to $10 million to fund expansion
- 2019 to see expansion of hempSMART brand into Europe and Asia
- MCOA to continue projects expanding role in hemp industry as a grower in the U.S. and Canada
- Aggressive pursuit of business plan includes recent upgrade to OTCQB Venture Marketplace
- U.S. hemp market projected to represent 32 percent of a $5.7 billion global hemp market in 2020
Now that U.S. federal prohibition on hemp farming has been lifted through the passage and signing of the 2018 Farm Bill, analysts are predicting that the nation’s hemp industry will swiftly establish itself as a global powerhouse in a market that is expected to reach $5.7 billion by 2020, according to Hemp Business Journal (http://nnw.fm/TAk0v). This view of the future mirrors that of Marijuana Company of America Inc. (OTCQB: MCOA), an innovative hemp and cannabis corporation, as the company plans a bold expansion strategy that includes operations in the U.S., Europe and Asia.
“Our company will continue to be aggressive in executing our business plan and we believe this is a necessary step to help legitimize MCOA as one of the top fully reporting public cannabis companies involved in the hemp-derived CBD sector,” Marijuana Company of America CEO Donald Steinberg stated in an…
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