Medical Marijuana, Inc. (MJNA, OTC) a California-based, leading producer of hemp-based CBD pharmaceutical and wellness products sold internationally, just announced that the U.S. Hemp Authority awarded several of its subsidiary companies their Certification Seal, confirming the quality and safety of their hemp and CBD products.
The Hemp Authority gave out 13 Certification Seals to hemp and CBD businesses in their first round of approvals, including three businesses owned by Medical Marijuana, Inc: Kannaway, HempMeds, and Dixie Botanicals.
MJNA stock rose 4% on the news to $0.735, but lost ground since to close recently at $0.065. Medical Marijuana, Inc. is a leading producer of CBD products, with sales in the past year near $50 million. However, its stock price has been declining, probably due to the enormous number of outstanding shares, currently at 3.5 billion.
The U.S. Hemp Authority Certification Program is the first quality certification program for CBD products, and it signals a new era of transparency in CBD products. It is administered by quality assurance professionals from leading food and agricultural companies.
The Hemp Authority’s goal is to educate hemp farmers and producers about Food and Drug Administration Current Good Manufacturing Practices (cGMP) and Good Agricultural Practices (GAP) to guarantee that consistent quality is achieved.
Medical Marijuana, Inc. also invests in their products’ quality with a stringent proprietary Triple Lab Tested™ standard for all its CBD products.
“…buying from us means that (customers) get safe and accurately labeled hemp-derived products, including fiber, seed and extracts, such as cannabidiol (CBD),” said Medical Marijuana, Inc. CEO Dr. Stuart Titus.
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Source MJNA press release