Forbes: Hemp Cannabis Product Sales Projected To Hit $1 Billion In 3 Years

By in News Articles

CMW Clients Medical Marijuana, Inc. and HempMeds were included in Forbes coverage of the CBD industry and its expansion.

“There is a great deal of confusion regarding the legal status of hemp and why these products are so readily available versus marijuana-based CBD products. In 2014, the Farm Bill stated that hemp was different from marijuana, yet the Drug Enforcement Agency’s (DEA) position is that hemp comes from the cannabis sativa plant and as such falls under the controlled substance act. In 2004, the Hemp Industry Association won a court case against the DEA from the Ninth Circuit Court of Appeals that ruled the DEA didn’t have the authority to ban hemp under the CSA. “By that federal court ruling, similar to non-scheduled hemp food products, this allows Medical Marijuana, Inc. to sell online and distribute to customers in all 50 U.S. states,” said Dr. Stuart Titus, the company’s CEO.”

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