06 Aug We’re in High Demand! HempMeds®, HempMeds® Mexico and HempMeds® Brasil Announce July 2019 as the Largest Sales Bookings Month in Company History
HempMeds®, including our operations in the U.S., Mexico and Brazil, had our largest-ever (unaudited) sales bookings month in our Company’s history in July 2019.
This growth is a part of a current larger trend in overall cannabis and cannabidiol (CBD) market expansion. Leading cannabis researchers at BDS Analytics and Arcview Market Research project that the collective market for CBD sales in the U.S. will surpass $20 billion by 2024.
“HempMeds is a large part of our strategy in being a Company of Firsts,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “While many know that HempMeds is the first distributor of CBD hemp oil products in the U.S., HempMeds also received the first-eve
r federal government approvals to import CBD products into both Mexico and Brazil. Since receiving those historic approvals, we have been excited and humbled to watch large new foreign markets develop and to lead the way with HempMeds Mexico and HempMeds Brasil.”
HempMeds® has achieved significant accomplishments recently including securing over 100 new retail partners, expanding its CBD-infused Personal Care Line for skin and hair, and launching its Everyday Wellness Line of functional CBD supplements for digestive, sleep and immune support. HempMeds® Brasil also recently hosted its third series of cannabinoid medicine courses in São Paulo to educate doctors in the country about the many possible uses for CBD.
“We’ve been hard at work further innovating our brand offerings and are seeing great results by driving home the HempMeds promise to be your trusted CBD source. This fundamentally guides our commitment to develop innovative, highest-quality and effective natural products,” said HempMeds® President Todd Morrow. “We have many exciting announcements slated for the second half of the year and hope to broaden our customer base significantly with more new product announcements and retail partnerships.”
Accomplishments also include HempMeds® obtaining positive news coverage in several national and international news outlets including Benzinga, Medium, San Francisco Chronicle, Trend Hunter, Drugstore News, The National Marijuana News, Parade Magazine, and many more.