Kannaway, LLC, the portfolio firm of Medical Marijuana Inc (OTCMKTS:MJNA) confirmed that it was awarded with the esteemed Start-Up of the Year honor from the Academy of Multi-Level Marketing, popularly known as TAMM. Kannaway is a known firm as it is the first hemp lifestyle network promotional firm to offer natural cannabidiol hemp botanical products.

Jeff Rogers, the CEO said that they are extremely honored to be awarded by The Academy of Multi-Level Marketing in category of ‘Start-Up of the Year’ for 2014. It proves the commitment and hard work of Medical Marijuana and its subsidiary executive team. The contribution also goes to the entire family of Brand Ambassadors.

The group

It is a great recognition for Medical Marijuana as TAMM is formed of total 150 Academy members. These members together, take care of the nomination and voting process. Also, no more than 3% can have association with the same MLM firm.

These TAMM Board-accepted industry expert professionals selected fifty nominees and determined the winners of the TAMM Award in several categories including Company of the Year, CEO of the year, Product of the year, Trainer of the year, Distributor of the year, Advocate of the year, Humanitarian of the year, support company of the year, start-up company of the year and hall of fame.

The momentum

Kevin Thomson, Medical Marijuana subsidiary’s legal counsel, was nominated for Advocate of the Year. His firm received the Support Company of the Year award. TAMM academy is made up of the influencers, the critics, the consultants, the CPAs and the attorneys. All voted unanimously for Kannaway as the Start-Up of the Year.

In last trading session, the stock price of MJNA declined more than 5% to close the trading session at $0.0650. The decline came at a share volume of 6.11 million compared to average share volume of 3.46 million.