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Medical Marijuana Inc Reviews State of the Industry and Prospects for Future Growth
Date:2/27/2013

nt. Companies in Canada, the UK, the United States and Germany, among many others, process hemp seed into a growing range of food products and cosmetics; many traditional growing countries still continue to produce textile-grade fiber.

In Canada, commercial production of hemp has been permitted since 1996 under licenses and authorization issued by health Canada.  It is expected that hemp will contribute over $100 million to the Canadian economy.  France is the largest hemp producer in Europe where specialty pulp is used for cigarette and other "rolling" papers.  It has been estimated that 11,000 hectares of land were used for hemp cultivation in Europe during 2010 (about 26,000 acres).Medical Marijuana Inc. spends millions of dollars annually to grow and harvest industrial hemp overseas.  Most of this hemp is used for our specialty high concentration Cannabidiol (CBD) hemp oil, which is produced via a proprietary extraction process.  MJNA hopes to soon have industrial hemp cultivation operations and production facilities in the United States, although it remains to be seen whether the specialty high concentration Cannabidiol (CBD) cultivar will grow well here.

Medical Marijuana's Prospects for 2013 and Beyond
In 2012 Medical Marijuana Inc's Red Dice Holdings team built the Colorado market with the Dixie Elixirs family of products. The Company has captured a 90% market share with the Dixie products being sold in over 500 retail locations. During 2013, we expect to increase market share by developing licensing agreements in selected states across the United States as well as in countries around the world. The Company is currently negotiating licensing agreements and distribution contracts in California, Arizona Washington and the District of Columbia.

Internationally many similar opportunities exist to bring the MJNA portfolio of products to countries that have legalized medicinal marijuana.  W
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SOURCE Medical Marijuana Inc.
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