Global Cannabis Industry Continues Gaining Ground in Central and South America
SAN DIEGO, CA--(Marketwired - July 05, 2016) - Medical Marijuana, Inc. (OTC PINK: MJNA)
announced today that the Paraguay government has issued a new import permit for the Company's flagship product Real Scientific Hemp Oil™ (RSHO™) for a new patient in the country. The Company also announced its plans to further expand into Latin America
as the cannabis industry continues gaining ground in the region and as demand for its products increase.
The Paraguay government granted the country's first-ever import permit for RSHO™ in May 2016, which marked the third country in Latin America, after Brazil and Mexico to approve Medical Marijuana, Inc.'s cannabidiol (CBD) hemp oil for indications
including epilepsy, Parkinson's disease and chronic pain. RSHO™ also has
12 medical product registrations in Puerto Rico.
"We are thrilled to hear the news that the Paraguay government has issued another import permit for a suffering child, so soon
after its government granted the first-ever import just a month ago," states Dr. Stuart Titus, Chief Executive Officer of
Medical Marijuana, Inc. "As evident with other countries we ship
our products to, demand increases once the word spreads. We expect demand to continue to increase in Paraguay, and in the other
countries that are receiving shipments of RSHO™."
Medical Marijuana, Inc. also announced its plans to further
expand into the Latin America marketplace, and that the Company is working on opening a fourth new Latin American market.
Currently, Medical Marijuana, Inc.'s RSHO™ products are shipping to more than
40 countries.
"We're excited about the opportunity to get our products to more patients in Latin America and throughout the world," added
Dr. Titus. "The medical marijuana industry is experiencing significant growth in South and Central American countries as a shift
in public attitudes, legislative development, and a greater awareness of cannabis' medicinal properties continues. As more and
more countries come on board, our Company is ready to provide them with the products they need to help patients who have been
suffering too long."
About Medical Marijuana Inc.
Our mission is to be the premier cannabis and hemp industry innovators, leveraging our team of professionals to
source, evaluate and purchase value-added companies and products, while allowing them to keep their integrity and entrepreneurial
spirit. We strive to create awareness within our industry, develop environmentally-friendly, economically sustainable businesses,
while increasing shareholder value. For details on Medical Marijuana, Inc.'s portfolio and investment companies, visit www.medicalmarijuanainc.com.
The Company is committed to consistently providing the highest-quality CBD hemp oil products on the market. To see Medical Marijuana, Inc.'s video statement,
click here. Shareholders are also encouraged to visit
the Medical Marijuana, Inc. Shop for discounted products.
FORWARD-LOOKING DISCLAIMER
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A
of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created
by those sections. This material contains statements about expected future events and/or financial results that are
forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks,
uncertainties and other factors, which may cause the actual results, performance or achievements of Medical Marijuana, Inc. to be
materially different from the statements made herein.
FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSURE
These statements have not been evaluated by the FDA and are not intended to diagnose, treat or cure any disease.
LEGAL DISCLOSURE
Medical Marijuana Inc. does not sell or distribute any products that are in violation of the United States Controlled Substances
Act (US.CSA). These companies do grow, sell, and distribute hemp-based products and are involved with the federally legal
distribution of medical marijuana-based products within certain international markets. Cannabidiol is a natural constituent of
hemp oil.