Medical Marijuana, Inc. Subsidiary Kannaway® Announces Positive Preliminary Results of Validcare CBD Safety Study

SAN DIEGO, CA, May 18, 2022 (GLOBE NEWSWIRE) -- via -- (OTC: MJNA) (the “Company”), the first-ever publicly traded cannabis company in the United States that launched the world’s first-ever cannabis-derived nutraceutical products, brands, and supply chain, announced today that its subsidiary has participated in the-led cannabidiol (CBD) Safety Study and that its preliminary results, released this week, are overwhelmingly positive for the safety profile of CBD. The study abstract can be viewed.

acted as CRO for the study, which was completed on March 22, 2022, and involved 1,061 U.S. participants and 17 CBD companies, including Kannaway®. All product companies supplied certificates of analysis (COAs) which were confirmed by third-party labs to ensure product label accuracy.

These new results will provide the FDA with the data needed to address its safety concerns regarding CBD. Specifically, the results highlight that daily consumption across a range of retail products and serving sizes is not associated with elevated liver tests, low testosterone levels, or daytime drowsiness.

“We hope that these results, paired with the results from the first cohort of the, will persuade the FDA to take steps to regulate CBD,” said Blake Schroeder, CEO of Medical Marijuana, Inc. and Kannaway®. “If this were to happen, we could expect the addressable market size to double from present levels as more large chain retailers become more comfortable with the sales of these CBD products upon their shelves and fewer consumers feel hesitant about trying CBD.”

Further comments from the Hemp Roundtable and other participating companies can be found. The results will be shared with the FDA on May 20, 2022.

About Medical Marijuana, Inc.

. Medical Marijuana, Inc. () is a cannabis company with three distinct business units in the non-psychoactive cannabinoid space: a global portfolio of cannabinoid-based nutraceutical brands led by and; a pioneer in sourcing the highest-quality legal non-psychoactive cannabis products derived from industrial hemp; and a cannabinoid-based clinical research and botanical drug development sector led by its pharmaceutical investment companies and partners including and. Medical Marijuana, Inc. was named a top CBD producer by. Medical Marijuana, Inc. was also the first company to receive historic import permits for CBD products from the governments of Brazil, Mexico, Argentina, and Paraguay and is a leader in the development of international markets. The company's flagship product has been used in several successful clinical studies throughout Mexico and Brazil to understand its safety and efficacy.

Medical Marijuana, Inc.'s headquarters is in San Diego, California, and additional information is available at or by visiting. To see Medical Marijuana, Inc.'s corporate video,.

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These statements have not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure, or prevent 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.

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