- MCOA’s hempSMART™ brand is dedicated to scientific development of hemp-derived CBD-based nutritional products
- North American legal cannabis market projected to reach more than $22 billion by 2021
- Canada’s pending legalization of recreational cannabis for adult users in mid-2018 is expected to generate rapid market growth
Results of newly published cannabis industry reports suggest that consumers are not only active buyers of legalized medical and recreational cannabis in its many forms, but are increasingly choosing their purchases more carefully. Marijuana Company of America, Inc. (OTC: MCOA) and subsidiary hempSMART™ have consistently focused on taking a stand for legalized consumer access to the highest quality, scientifically derived industrial hemp-based products (http://cnw.fm/OMm6m).
The company’s carefully crafted affiliate program also allows interested consumers to become affiliates in a successful direct sales and marketing business model as hempSMART™ distributors (http://cnw.fm/nA7rv). MCOA’s unique hempSMART™ affiliate program offers participants the ability to sell a wide variety of hemp-based CBD consumer products for people and their pets.
The potential benefits of MCOA’s affiliate program are many for those who seek to participate in this booming sector of the legal cannabis industry. An article in Hemp Business Journal points out several recent industry revenue reports, including one from Arcview Market Research estimating that North American adult consumers will spend nearly $15 billion on legal recreational cannabis and more than $7 billion on medicinal cannabis by 2021 (http://cnw.fm/C9c9Q).
On a global basis, according to data published by Energias Market Research, the medical cannabis market is expected to balloon from just over $8 billion in 2017 to more than $28 billion by 2024 at a CAGR of 19.1 percent over the forecast period (http://cnw.fm/s3Fw6).
MCOA’s stance on ensuring that its hempSMART™ range of non-psychoactive supplements is derived from the finest industrial hemp containing proprietary formulations centered on CBD (cannabidiol) remains firm. hempSMART’s new take on wellness products include formulations for brain health, full spectrum bioavailable CBD drops and pain capsules and cream with a blend of premium CBD and botanical supplements. Newly launched products include Pain Cream and full-spectrum hempSMART™ Pet Drops for dogs and cats.
“Our new hempSMART product is a natural option for pet owners who care about supporting their animals’ healthy energy levels as well as optimizing their health,” Donald Steinberg, CEO of MCOA, said in announcing the company’s expansion into the $70 billion pet care market (http://cnw.fm/qm48O). “Our hempSMART product line will continue to expand to other popular areas of consumer interest to give our affiliates what they need to succeed.”
For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com
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