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CannabisNewsBreaks — Marijuana Company of America Inc. (MCOA) Developing Strong Portfolio Targeting Global Hemp Industry Projected to Reach $5.7B by 2020

Company: Marijuana Company of America Inc. (MCOA)
Category: Stock Spotlights

Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, is building a robust portfolio of investments and joint ventures that operate within the legal cannabis and industrial hemp markets. A recent article discussing the company reads, “According to a first-of-its-kind report from data analytics firm New Frontier Data, ‘The Global State of Hemp: 2019 Industry Outlook,’ global hemp retail sales totaled $3.7 billion in 2018 and are on track to grow to $5.7 billion by 2020, as an article published by The Motley Fool reports (http://cnw.fm/L5yTG). New Frontier Data’s report estimates that U.S. hemp sales will have jumped to $2.6 billion by 2022, representing a compound annual growth rate of 27 percent. Of this $2.6 billion in hemp sales, half ($1.3 billion) is expected to stem from hemp-derived CBD products.”

To view the full article, visit http://cnw.fm/9Wvkk

About Marijuana Company of America Inc.

MCOA participates in: (1) product research and development of legal hemp-based consumer products under the brand name hempSMART, which targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreational use; and (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry as the legalized markets and opportunities in this segment mature and develop. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com.

About CannabisNewsWire

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