Medical Marijuana Inc (OTCMKTS:MJNA) announced the end of the prolonged sideways phase in a dramatic fashion as it closed at the end of the last trading session with a huge gain of 58.06%. The volume of the day at 31.5 million was much higher than the daily average of 6 million, providing real strength to the bulls. The surge in both price and volume is encouraging but it has given false hopes in the same way before, last time in May 2015. Violent corrective bounces are a very normal occurrence in a bear market and this rise is yet to confirm a long term reversal.
Medical Marijuana Inc (OTCMKTS:MJNA), the well-known name in the marijuana field, has touched one more milestone in a short span of time. As per the reports, based on its export of Real Scientific Hemp Oil to Brazil, Medical Marijuana has achieved the highest ever export numbers. In other words, Brazil has become the largest client of Medical Marijuana.
How did It happen?
Medical Marijuana had to fight a lot of legal battles to get its non-GMO hemp-based cannabidiol approved in Brazil. After months of hard work and sheer commitment of its management team, Brazil has approved Real Scientific Hemp Oil for import. With this approval, Brazil has become the largest client of Medical Marijuana.
The senior management of the company is delighted to share this news with all the users and investors. According to Stuart W. Titus, CEO, Medical Marijuana, Inc, with the passage of time, San Diego has become a major focal point for the companies looking for CBD products.
He further added that this major change in international cannabis law wouldn’t have become reality without the contribution of two little girls Anny Fischer age 6 and Harper Howard age 5. Howard is from the United States, while Fischer is from Brazil. As per the reports, mothers of both these girls contacted each other through Hope4Harper.com Facebook support group focusing on CDKL5 epilepsy – a rare genetic disorder.
All the CBD hemp oil products made by Medical Marijuana are readily available in U.S., but when it comes to Brazil, the situation is other way round. The combined efforts made by the mothers of Howard and Fischer paved the way for this historical change, which will be remembered forever.
Until lately, Brazilian government considered all the marijuana products illegal. However, things have changed now, and Medical Marijuana hopes that this change will bring good fortune for many patients in Brazil.