Medical Marijuana Inc (MJNA)

[mick]

excerpt/ marijuana in the United States has been recognized since 1850

i didn't know this and date/ thank you/

excerpt;
social and political controversy and has over the decades conflicted with the federal government’s drug laws

as many as 23 states have legalized, or are preparing to legalize, medical marijuana

maine recently said voting on cannabis!

new opportunities for companies in the bio-medical field to provide products and services for this emerging market. One of the companies is Medical Marijuana, Inc. (MJNA).

The company is located in San Diego, CA and recently announced in its first quarter report a high of $4 million in sales, about $2 million higher than previous quarter. Under the company banner is also HempMedsPX

CanChew Biotechnologies focusing on the treatment of medical disorders and pain with the use of chewing gum-based cannabis; Wellness Managed Services, provider of management support for wellness facilities; and MPS International, security services to businesses in the legal cannabis industry.

investors though, Medical Marijuana, Inc. can be seen as akin to a pot mutual fund in that the company owns various sectors of the marijuana market including the growing and selling of it as well as the peripheral side streets of marketing and management support.

Report, its HempMedsRX posted revenues of $1.4 million, higher than that of $250,000 posted in the third quarter. Under its CanChew Biotechnologies segment, the company posted fourth quarter sales of $58,000, up from $34,000 in the third quarter.

MJNA’s Red Dice Holdings stated reported fourth quarter income of $434,000, slightly higher than its third quarter income of $322,000. Red Dice Holdings is also the owner of Dixie Brand which includes Dixie Botanicals that provides 70 unique consumer products.

Treatments that have been proposed for various medical issues such as anxiety and depression by the medical marijuana industry have been gaining traction in the virtual reality space as well.

Virtual Reality based therapies is a means of providing controlled stimuli with the therapist able to monitor the patients reaction.

This therapy was jump-started with the help of DOD funding with military labs setting up virtual reality treatment centers for treating PTSD and a variety of other medical conditions.

Conclusion

Growth is expected to continue for Medical Marijuana as more states legalize marijuana. However, it will be interesting to note the long term effect of virtual reality on the medical marijuana field as virtual reality becomes more mainstream for treatments of depression and anxiety.

It also may be the combination of legalized marijuana and virtual reality to be a winning combination with each industry working in sync with one another.


Read more: http://www.benzinga.com/14/08/4798634/medical-marijuana-inc-and-next-galaxy-form-the-new-reality#ixzz3B8utTYnn