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Medical Marijuana Inc.’s Hemp Oil Approved for Brazilian Parkinson’s Patient

Ryan Allway

November 20th, 2015

News, Top Story

[stockchart symbol=MJNA]

Medical Marijuana Inc. [stockquote symbol=MJNA], a developer of value-added companies and products within the hemp and medical marijuana industries, recently announced that its Real Scientific Hemp Oil™ has been approved on a case-by-case basis for the treatment of Parkinson’s disease by the Brazilian Government Health Agency ANVISA, which is responsible for approving the importation of medicines and botanical remedies from outside the country.

“The government of Brazil with their 1988 Constitutional right of free health care (SUS) to all citizens is again leading the way by putting the well-being of their people first,” said Stuart W. Titus, Ph.D., CEO of Medical Marijuana, Inc. in a press release announcing the development. “RSHO™ products have been provisionally approved and are being reviewed for potentially five other medical indications, which are subject to future clinical trials – and the Company will continue to update shareholders on further developments.”

Until recently, the Brazilian government treated anything derived from cannabis as an illegal controlled substance – including hemp. A series of landmark rulings changed these dynamics and the government began permitting the import of hemp-based CBD oil products registered with ANVISA. In addition, the government removed CBD from its prohibited substance use list, following a number of studies showing its potential therapeutic benefits.

Medical Marijauna is working closely with its partner, HempMeds Brasil™, to secure approvals of at least five other indications apart from Parkinson’s disease. With over four million people suffering from Parkinson’s disease in 2005, the medical condition consumes nearly $25 billion per year in direct and indirect costs. The number of people suffering from the disease is also expected to rise to around nine million by 3030.

To learn more about the company’s efforts in Brazil, visit HempMeds Brasil’s website at www.hempmeds.com.br or www.medicalmarijuanainc.com.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

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