Medical Marijuana, Inc. companies Kannalife Sciences, Kannaway, and HempMeds® were included in media coverage of the cannabis industry this week.
Medical Marijuana, Inc. achievements like our three months of record growth to begin the year, the creation of a CBD-like molecule to fight CTE and the opioid epidemic, and more were highlighted in news coverage from this past week. Find our biggest stories below.
Medical Marijuana, Inc.’s Record Growth
Medical Marijuana, Inc.’s record revenue numbers in Q1 of 2018 once again made news this week. Medical Marijuana, Inc. and portfolio company Kannalife Sciences were featured on Benzinga. The article looked closely at the most successful and fastest moving stocks in the cannabis industry. Medical Marijuana, Inc. and our portfolio of companies were included among the list due to our incredible growth in Q1 of 2018, including an increase year over year Q1 revenue of 191 percent.
The Medical Marijuana, Inc. family of companies recently completed an incredible start to the year with unprecedented revenue in the first three quarters of 2018. Driving this success were efforts like the launch of new products, the hosting of national and international events, the opening of new international markets, and introducing a new subsidiary.
Kannalife Sciences Tackles CTE
Kannalife Sciences was featured in an article in the Philadelphia Business Journal this week. The piece, titled “Tackling CTE: KannaLife of Doylestown takes new tack in treating brain disorder”, looked at Kannalife’s efforts to create novel new drugs to treat neurological disorders like Chronic Traumatic Encephalopathy (CTE), a condition caused by repeated blows to the head. Often linked to concussions, CTE has reached epidemic levels in the NFL, where players routinely collide with one another. However, CTE can develop wherever trauma to the head takes place.
Medical Marijuana, Inc. portfolio company Kannalife Sciences is currently conducting research and development on a novel compound based on cannabinoids like CBD to act as a preventative and therapeutic treatment for CTE. Kannalife Sciences holds an exclusive license with the National Institutes of Health (NIH) for the commercialization of U.S. Patent #6630507, “Cannabinoids as Antioxidants and Neuroprotectants.” Using this patent, the company is hoping to create a drug that will protect and possibly even heal the brain when exposed to trauma.
With the current work to develop a cannabinoid-based treatment and further research adding to our understanding of CTE and its devastating effects, we may to be closer than ever before to uncovering an effective way to protect the brains of NFL players.
Marijuana and Cryptocurrencies
Medical Marijuana, Inc.’s CEO Dr. Stuart Titus was quoted this week in an article on The Oofy that explored the role cryptocurrencies are playing within the marijuana industry. The Oofy is dedicated to covering financial technology news from around the world.
The article explores five different cannabis industry focused cryptocurrencies to see how these financial tools have the potential to disrupt the traditionally cash only industry. The article interviews several finance and marijuana industry experts, including Dr. Titus, to gauge the future of banking and finance for cannabis.
“There is also the potential for marijuana to be traded as a commodity, similar to how corn and other agricultural products are now bought and sold, or as an asset-based security, similar to the way mortgages have long been bundled and sold to investors,” said Dr. Titus in the article.
You can learn more about cryptocurrencies and the cannabis industry here.
Dr. Titus in Bustle
Dr. Titus was also interviewed for an article looking at CBD posted on Bustle this week. Titled “How Does CBD Coffee Work? This Buzzy Addition To Your Morning Joe Is Everywhere The Compound Is Legal”, the article closely explores the potential benefits that CBD can provide, especially when infused into a cup of coffee.
Dr. Titus shared his expertise on the physiological effects of CBD and how its addition to your morning coffee can enhance your general wellbeing. Because of the effects of CBD, more and more companies are infusing it into products like coffee beverages.
Companies hoping to break into the CBD industry by producing their own CBD-infused products like coffee drinks can source their CBD isolate or CBD oil from Medical Marijuana, Inc. subsidiary HempMeds® by visiting their wholesale page here.