CBDNewsBreaks – Marijuana Company of America, Inc.’s (MCOA) hempSMART Enters Definitive Sales Agreement to Offer Ultra-Clean Label CBD Beverage Products

Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, today announced that its wholly owned subsidiary, hempSMART Inc., has entered a definitive sales agreement to purchase ultra-clean label CBD beverage products from MCTC Holdings Inc. (OTC: MCTC). Science and technology innovation company MCTC is focused on developing patented hemp extract infusion technologies and the sustained release of cannabinoids in the human body. According to the update, the new hempSMART(TM) branded products will be unique to the marketplace, and, during the initial stage, MCOA will offer a line of powdered drink mixes containing broad-spectrum hemp extracts with over 35 milligrams of CBD derived from all-natural extraction processes. Other powdered and pre-mixed beverages will be included in future offerings. “We are quite excited to unveil our new, ultra-clean label product line of CBD-infused powdered drink mix,” hempSMART Chief Operating Officer Trevor Muehlfelder said in the news release. “The products are based on a unique dual-hemp extract infusion process that’s unlike most products and have no artificial ingredients or chemicals. Our new product line is based on organic ingredients, including organic inulin from vegetables and trace amounts of organic coconut and sunflower oils, combined with a touch of CBD-infused honey produced at organic farms. This will truly be a unique, clean label product offering. We believe our new powdered drink line will revolutionize the beverage marketplace in the new 20’s the same way Coca Cola did in the 1920’s.”

To view the full press release, visit http://cnw.fm/Q38x3

About Marijuana Company of America Inc.

MCOA is a corporation that participates in: (1) product research and development of legal hemp-based consumer products under the brand name hempSMART(TM), which targets general health and well-being; (2) an affiliate marketing and retail sales program to promote and sell its legal hemp-based consumer products containing CBD; (3) joint ventures and acquisitions of business entities engaged in the growth and sale of hemp and cannabis products in jurisdictions where cultivation is legal; and (4) the expansion of its business into ancillary areas as market opportunities in this segment mature and develop. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com.

NOTE TO INVESTORS: The latest news and updates relating to MCOA are available in the company’s newsroom at http://cnw.fm/MCOA

About CBDWire

CBDWire (CBDW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CBDNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CBDW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CBDW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CBDW brings its clients unparalleled visibility, recognition and brand awareness. CBDW is where news, content and information converge.

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CBDNewsBreaks – Marijuana Company of America, Inc.’s (OTCQB: MCOA) hempSMART Appoints Global Marketing and Sales Manager

Marijuana Company of America (OTCQB: MCOA), a diversified hemp and cannabis company, today announced that its wholly-owned subsidiary hempSMART will be aggressively marketing, under the leadership of new Global Marketing and Sales Manager Gloria Albarran Lynch, its hempSMART(TM) CBD products through numerous distribution and retail channels globally. According to the update, the new strategy will supplement hempSMART’s current affiliate-marketing model used as its primary marketing method for its hempSMART(TM) products in the past and will focus on the wellness and beauty segments – two valuable pieces of a CBD market projected to be worth $22 billion by 2022. “Through Ms. Lynch’s leadership and implementation of this robust new marketing strategy, our premium-quality hempSMART(TM) products will be positioned in front of a larger audience of potential customers,” CEO Jesus Quintero said in the news release. “With the strength of the CBD wellness and beauty markets that are expected to be worth as much as $25 billion globally in the next decade, we intend to take advantage of this tremendous market opportunity.”

To view the full press release, visit http://cnw.fm/hXG3L

About Marijuana Company of America Inc.

MCOA is a corporation that participates in: (1) product research and development of legal hemp-based consumer products under the brand name hempSMART(TM), which targets general health and well-being; (2) an affiliate marketing and retail sales program to promote and sell its legal hemp-based consumer products containing CBD; (3) joint ventures and acquisitions of business entities engaged in the growth and sale of hemp and cannabis products in jurisdictions where cultivation is legal; and (4) the expansion of its business into ancillary areas as market opportunities in this segment mature and develop. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com.

NOTE TO INVESTORS: The latest news and updates relating to MCOA are available in the company’s newsroom at http://cnw.fm/MCOA

About CBDWire

CBDWire (CBDW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CBDNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CBDW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CBDW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CBDW brings its clients unparalleled visibility, recognition and brand awareness. CBDW is where news, content and information converge.

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420 with CNW – Why Law Enforcement May Not Be Ideal for Stamping Out the Marijuana Black Market

The illicit marijuana market is still thriving in California. A recent audit conducted by the United Cannabis Business Association in California showed that the number of illicit marijuana businesses is approximately 3,000. In June, Griffen Thorne wrote a post on the several ways the state can fight the thriving black market, which is a problem for the state economy as well as a threat to people’s health.

However, the state did not initially acknowledge the suggested methods of fighting the illegal market since, recently, the state announced a tax increase on marijuana products, which in turn raised the cost of legal marijuana and thus forcing consumers to turn to the illicit market where marijuana is cheap. But, now, the state seems to be adopting the marijuana policies used by other states such as regulating its marijuana market and improving its enforcement efforts.

Last month, search warrants were served on 24 unlawful businesses, and the Bureau of Cannabis Control, working in collaboration with Los Angeles officials, raided the said businesses and seized marijuana buds and marijuana products worth about $8.8 million. They also impounded 9,885 illegal vape pens and $128,742 in cash. Previously, the bureau had issued landlords whose buildings were being used by illegal marijuana businesses in the state with notice letters notifying them that they could be subject to criminal and civil liability. Previously, the BCC randomly raided and closed such companies, and the action of raiding and seizing products is a significant improvement in their enforcement protocols.

Apart from BCC, other agencies such as the Department of Food and Agriculture (CDFA) in California have also upped their enforcement activities. For instance, on December 13, CDFA, through California’s Attorney General, sued several persons and entities who, according to CDFA, had cultivated and processed marijuana without permits. According to the lawsuit, the lawbreakers are liable for maximum civil penalties of about $10,000 license fee per violation, which is three times the amount of CDFA’s license fees.

The risk of being charged with marijuana law violations in California isn’t something to joke about. Under California law, marijuana agencies are authorized to seek fines of up to $30,000 per day/per violation of any unlawful marijuana activity. Now that the government is taking action by fighting against the black market, people operating illicit marijuana businesses are at high risk because the penalties could quickly get to millions of dollars due to the number of days it takes to grow and harvest the crop. Stanislaus County announced that people growing marijuana illegally would be subjected to a fine of $1,000 per plant per day.

This enforcement trend is likely to spread to other states grappling with the same problem. For instance, Washington has a mature and well regulated adult-use marijuana market and marijuana lawyers in the state say that the regulatory agency shifted from focusing on compliance to full-on enforcement such that the lawmakers had to force the agency to turn their attention back to compliance through legislation.

Many experts are of the view that the illicit marijuana market cannot be eliminated through enforcement because you will always find people who are willing to take on the risk and ignore the law. Even during the years, marijuana was prohibited in the U.S., there were still people ready to grow, process, and sell marijuana irrespective of the risks. However, if the government wants to eradicate the black market, they must lower the taxes, introduce fewer regulations, and expand access to marijuana, such as more dispensaries and cultivation licenses so that more legal players are within reach of consumers.

It would be interesting to hear what specific measures marijuana industy actors like Marijuana Company of America Inc. (OTCQB: MCOA) and Hemptown USA recommend for dealing a decisive blow against marijuana black market operators.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW – 5 Big Wins for the US Marijuana Industry in 2019

This year has seen several advancements for the marijuana cause, with a bevy of positive legislative changes passed. Let’s look at some of the highlights of the year.

President Trump reiterates support for respecting state marijuana laws. President Trump proved an ally to the marijuana industry when he passed the Farm Bill. He has stated more than once that he supports the right of localities to enact their own marijuana policies with little federal interference.

“It’s a very big subject and right now; we are allowing states to make that decision. A lot of states are making that decision, but we’re allowing states to make that decision,” he said in August.

The Cannabis Banking Bill was passed by the House. Due to cannabis’ murky reputation, banks shied away from working with cannabis operators, forcing them to operate on a cash-only basis, which was quite unsafe. It also kept them away from credit and loan services.

This September, the House approved a bill to let banks serve marijuana businesses without fear of repercussions from federal regulators.

A lot of states decriminalized cannabis possession. Quite a number of people are arrested every day for cannabis possession, accounting for half of America’s total drug arrests. Although Illinois was the only state to pass a new marijuana legislation law this year, several other states have removed the threat of imprisonment for people caught with small amounts of cannabis.

New Mexico Governor Michelle Lujan Grisham signed a cannabis decriminalization bill in April that treats possession of up to half an ounce with a $50 fine. In July, Hawaii Governor David allowed a marijuana decriminalization bill removing incarceration as a punishment for possession of three grams or less of cannabis for $130 fine.

Americans have shown support for legalization in droves. According to a poll by Gallup, two-thirds of Americans said they support the legalization of marijuana. A separate survey by Pew found that 67% of Americans wouldn’t mind seeing the end of cannabis prohibition.

Regulators have taken steps to implement a legal hemp market. For decades, hemp was a controlled substance, put in the same boat with its psychoactive cousin marijuana. However, the 2018 Farm Bill changed this, classifying cannabis with less than 0.3% THC levels as legal industrial hemp.

In October, the USDA published its interim final rule on hemp in a bid to regulate the industry and make it more hospitable to sellers and consumers.

All in all, this year has been instrumental in furthering the cannabis cause. We can only hope that there’s better to come. Experts believe that cannabis industry players like Hemptown USA and Marijuana Company of America Inc. (OTCQB: MCOA) are banking on the hope that as the new year beckons, things can only get better for the industry.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW – Two More Polls Show Americans Support Marijuana Legalization

The majority of  U.S. citizens are in favor of broad marijuana legalization, revealed two new national surveys.

A Fox News poll found that 63 percent of the poll survey participants are in support of the legalization of recreational marijuana across the country while 34 percent are against the marijuana reform policy. There were 1,000 respondents, and the survey was conducted through phone interviews in the month of December.

A Marist survey involved 1,744 respondents and was conducted in partnership with NPR and PBS. The poll was also held this month, from the 9th to the 11th. The survey findings showed that 62 percent of the participants support the idea of legalizing adult-use marijuana, while 33 percent are not in favor of the policy.

The last poll conducted by Fox News was in January of 2018, where 59 percent supported legalization. Marist conducted its latest survey in July of 2019 and found that 63 percent support the legalization of marijuana.

Speaking to Marijuana Moment, the political director of NORML, Justin Strekal, said that the Americans could voice their support for the cannabis policy reform during the holidays when the topic is brought up, especially at a dinner table. He also added that people should demand the end of marijuana prohibition ahead of the 2020 elections since it is clear that the majority of the Americans are in favor of legalization.

Marist report the poll responses according to parties as has been the norm of several surveys. They identified the respondents as Democrats, Republicans, or Independents. The survey found that 76 percent of Democrats support the legalization, while 44 percent represented respondents who identified as Republican and were in favor of the policy.

The most significant opposition towards legalization was realized amongst the Americans who supported President Trump in the 2016 elections. This equated to 55 percent of the respondents, while 40 percent of the supporters backed the policy.

The poll also found that except for the Silent Generation, which comprises people older than 73 years, all other age groups support the legalization of marijuana. However, the Fox News poll did not provide the demographic details of the supporters and opponents of legalization in their survey.

These are the latest polls in a pool of recent polls showing increased support for the legalization of marijuana.

Last month the Pew Research center conducted a survey involving 10,000 respondents. The poll found that 67 percent of the participants are in favor of marijuana legalization. Gallup also surveyed people in October and found that 66 percent of U.S. citizens are in support of legalization.

The issue of marijuana legalization has been a major topic of discussion among the majority of 2020 Democratic presidential candidates. Apart from the former vice president Joe Biden and Michael Bloomberg, the other Democratic presidential candidates are in favor of marijuana legalization.

Experts wonder what recommendations companies like The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) and Marijuana Company of America Inc. (OTCQB: MCOA) have for raising the stakes so that elections can be won or lost based on a candidate’s views on matters of marijuana legalization.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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CannabisNewsBreaks – Marijuana Company of America, Inc. (MCOA) Announces Year-End Overview and 2020 Outlook

Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, on Wednesday announced the CEO’s overview that highlights the company’s 2019 performance and optimistic outlook for fiscal year 2020. According to the update, MCOA expects to close 2019 with gross sales of approximately $650,000 compared to sales of $252,135 in 2018. The company attributes the 258% year-over-year increase in sales to its successful marketing efforts in Europe and growth of its affiliate base in the U.S. “MCOA has never been better positioned to take advantage of the numerous opportunities in the cannabis sector than it is now. We believe there is going to be a significant shakeup in the cannabis sector in 2020, and MCOA is prepared to take advantage of the numerous opportunities that will be available,” MCOA Chief Executive and President Jesus Quintero said in the news release. “We are going to be focused on streamlining our core business operations, increasing sales, and pursuing some M&A activity with distressed assets that fit our portfolio parameters. In 2020, our shareholders will notice radical change at MCOA. The company will have an entirely different culture, new leadership, and new business models and make strategic acquisitions as we position ourselves for what we expect will be a breakout year – it’s a new day at MCOA!”

To view the full press release, visit http://cnw.fm/Q9mQj

About Marijuana Company of America, Inc.

MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART(TM)” that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) the expansion of its business into ancillary areas as market opportunities in this segment mature and develop. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com.

NOTE TO INVESTORS: The latest news and updates relating to MCOA are available in the company’s newsroom at http://cnw.fm/MCOA

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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HempNewsBreaks – Marijuana Company of America, Inc. (MCOA) to Present at 12th Annual LD Micro Main Event

Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, today announced that it will present at the 12th Annual LD Micro Main Event held on December 10-12, 2019 at the Luxe Sunset Boulevard Hotel in Bel Air, California. MCOA Principal Executive Officer Jesus Quintero and Director Robert Coale are scheduled to present 11:40 a.m. PT on Wednesday, December 11, 2019. The presentation will cover a corporate overview, including recent highlights, the hempSMART(TM) brand, and current developments. Coale and Quintero will also be available for one-on-one meetings with investors during the conference.

To view the full press release, visit http://cnw.fm/0RGcB

About Marijuana Company of America, Inc.

MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART(TM)” that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) the expansion of its business into ancillary areas as market opportunities in this segment mature and develop. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com.

NOTE TO INVESTORS: The latest news and updates relating to MCOA are available in the company’s newsroom at http://cnw.fm/MCOA

About HempWireNews

HempWireNews (HWN) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HNW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWireNews (HWN) is where HEMP news, content and information converge.

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