World’s First Cannabidiol (CBD)-Rich Hemp Oil Anti-Aging Products Introduced to Global Anti-Aging Market
SAN DIEGO, Dec. 11, 2013 (GLOBE NEWSWIRE) — Medical Marijuana, Inc. (OTC Pink:MJNA) is pleased to inform shareholders and the general public that HempMedsPX™ – a corporate portfolio company of Medical Marijuana Inc. – has entered the anti-aging products market. HempMedsPX™ is unveiling the world’s first cannabidiol (CBD)-rich hemp oil anti-aging product line, Cannabis Beauty DEFINED™, at the American Academy of Anti-Aging Medicine (A4M) in Las Vegas, December 12-15. Cannabis Beauty DEFINED™ is HempMedsPX’s first wholly owned product line suited for all skin types. The product line includes specially formulated anti-aging CBD-rich hemp oil exfoliant, cleanser, eye cream, gel masque, moisturizer and serum.
A photo accompanying this release is available at https://www.globenewswire.com/newsroom/prs/?pkgid=22642
Cannabinoids have been found to have antioxidant properties. The US Department of Health and Human Services (HHS) was awarded United States Patent #6,630,507 for CBD and other cannabinoids on Oct. 7, 2003.
The A4M global conference on anti-aging, regenerative and aesthetic medicine markets to more than 26,000 physicians and scientists from 120 countries. The A4M conference identifies the following nutraceutical and anti-aging market opportunities:
The anti-aging market is estimated to be worth $292 billion globally by 2015
10% of the world’s population is aged 60+ and is expected to represent 22% by 2050
The global nutraceutical market is projected to exceed $243 billion by 2015
The current US nutraceutical market is valued at $17.1 billion
Sixty percent (60%) of Americans age 65+ are pursuing anti-aging interventions, including hormone replacement therapies and dietary supplementation
Dietary supplement sales were $25 billion in 2010
Thirty-three percent (33%) of adults take supplements on the specific advice of their doctor
The Transparency Market Research report titled, “Organic Personal Care Products Market for Skin Care, Hair Care, Oral Care and Cosmetics—Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012–2018,” notes that global demand for organic personal care products was over $7.6 billion in 2012 and is expected to reach $13.2 billion by 2018, growing at a CAGR of 9.6% from 2012 to 2018.
“We are extremely pleased to introduce the world’s first CBD-rich hemp oil anti-aging personal care line. Cannabis Beauty DEFINED™ products differ from other anti-aging products with our super concentrated hemp CBD and natural herbal extracts,” says Medical Marijuana, Inc. Chief Operating Officer, Michelle Sides. “These personal care products represent the next step towards the overall impact that we expect to have on the growing anti-aging industry,” Sides concludes.
HempMedsPX™ will also exhibit Cannabis Beauty DEFINED™ at the following 2014 trade shows:
SPA Marketplace 2014 – Oahu, HI: Jan. 5-6
Featuring a 10:1 buyer to seller ratio of attendees, the fourth annual regional event limits the number of exhibitors to 135. The SPA Marketplace has invited 2,500 doctors, 1,300 salons, 800 lodging companies, and 600 spas located within the Hawaiian islands.
International Gift & Home Furnishings Marketplace – Atlanta, GA: Jan. 8-11
Host to more than 95,000 attendees, the International Gift & Home Furnishings Marketplace features buyers from all 50 states and more than 90 countries.
ISSE International Salon & Spa Expo – Long Beach, CA: Jan. 25-27
With nearly 40,000 beauty professionals expected, the International Salon and Spa Expo (ISSE) Long Beach has become the West Coast’s largest and most influential beauty event, open exclusively to licensed beauty professionals, students and instructors.
Expo West – Anaheim, CA: Mar. 6-9
Natural Foods Merchandiser’s 2013 Market Overview showed that nationwide, sales of all natural and organic products (including dietary supplements) within all channels jumped 10 percent to nearly $91 billion last year. More than 60,000 industry members attended Expo West in March 2013 with 76% of attendees having purchasing influence.
Those planning to attend these conferences should visit the specific conference websites for additional details on admission requirements.
HempMedsPX™ is engaged in an ongoing awareness campaign to educate the general public that the CBD-rich industrial hemp oil products that the company represents:
are available for people of all ages
are available for animals
can be shipped to all 50 states and more than 40 countries
HempMedsPX offers mainstream marketing, sales, customer service, and logistics for the cannabis industry. HempMedsPX is a corporate portfolio company of Medical Marijuana, Inc. (OTC Pink:MJNA) and the exclusive master distributor and contracted marketing company for CannaVest Corp. (OTC:CANV) and Medical Marijuana Inc. In addition to handling sales and distribution, HempMedsPX is the communication hub for the Medical Marijuana Inc. portfolio of companies.
About Medical Marijuana, Inc.
Our mission is to be the premier cannabis and hemp industry innovators, leveraging our team of professionals to source, evaluate and purchase value-added companies and products, while allowing them to keep their integrity and entrepreneurial spirit. We strive to create awareness within our industry, develop environmentally-friendly, economically sustainable businesses, while increasing shareholder value. For more information, please visit the company’s website at: www.MedicalMarijuanaInc.com
FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSURE
These statements have not been evaluated by the FDA and are not intended to diagnose, treat or cure any disease.
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Medical Marijuana, Inc. to be materially different from the statements made herein.
Medical Marijuana, Inc., CannaVest Corp., and HempMedsPX do not sell or distribute any products that are in violation of the United States Controlled Substances Act (US.CSA). These companies do grow, sell and distribute hemp-based products and are involved with Federally Legal Distribution of Medical Marijuana-based products within certain international markets. Cannabidiol is a natural constituent of hemp oil.
The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.
For further information, please contact:
Investor relations contact:
Stuart T. Smith
Medical Marijuana, Inc.
Toll Free: 888-OTC-MJNA (888-682-6562)