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Medical Marijuana Inc

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Medical Marijuana Inc - Healthcare showcase

Year Founded & Workforce

2009

50 Employees

Industry

Healthcare

Services

CBD Hemp OilCannabidiol Market
M

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Medical Marijuana Inc Overview

Company Headquarters: California, US

Founded: 2009

Workforce: ~50

Company Working: Medical Marijuana Inc. was the world’s first legal supplier of CBD. The company’s focus is on areas such as the development of the international CBD pipeline, the manufacturing of legal cannabis-based consumer products and drugs, and developing new markets for medical cannabis. It offers products such as hemp oils, cannabidiol drops, and tinctures for consumers. It also uses an online portal for the distribution of its products across the world.

Strategy

Medical Marijuana Inc. focuses on acquiring new businesses and products that strategically complement its business model. Moreover, the company has a strong CBD product pipeline, ensuring the company’s share in the near future. The company is also targeting various regions around the globe to launch its products via its subsidiaries.

Company Snapshot

$75.6M

Revenue

50

Employees

2009

Founded

California, US

Headquarters

SWOT Analysis

Strengths

  • Offers variety of Cannabidiol products
  • First public traded company in the legal hemp and cannabis industries
  • One of the top-selling brands of hemp extracts in the natural products market
  • Robust product portfolio
  • Strong market presence

Weaknesses

  • Low work force
  • Large product segment creates complications
  • Decreasing revenue in last three years
  • Limited focus on emerging markets

Opportunities

  • New products and services
  • Growing marked demand for Cannabidiol products
  • Expansion through strategic acquisitions
  • New product launches in untapped markets
  • Increasing demand for hemp-based drugs

Threats

  • Risk of patient medical registry data
  • Strict government regulations
  • Competition from rivals
  • Government regulatory policies
  • Increasing competition from new players

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Key Developments

DateApproachDevelopment
October 2018Launching New ProductMedical Marijuana, Inc. announced that its subsidiary HempMeds Brasil released a new full-spectrum 5,000 mg cannabidiol (CBD) hemp oil liquid for the Brazil market.
September 2018Receiving ApprovalsMedical Marijuana, Inc. announced that its subsidiary Kannaway has garnered international news coverage in The Wall Street Journal.

Product Offering

  • Medical Marijuana Inc
    • CBD Hemp Oil
    • Cannabidiol Market

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales fell from USD 75.6 Mn in 2019 to USD 34.1 Mn in 2021.
Medical Marijuana Inc — By Business Segment
Series (USD Mn)201920202021
Sales75.646.934.1

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