Medical Marijuana Inc (MJNA)

[fourlaw1]

Medical Marijuana Inc Files Huge Lawsuit Against Other Cannabis Companies

Medical Marijuana Inc. has filed a lawsuit in California against several businesses – including a prominent cannabis testing lab – over statements made about its hemp-based products.

The publicly traded company is seeking at least $100 million in damages, saying the comments caused a huge dip in its stock price and hurt its reputation.

The suit comes just days after a CBD-focused website published an investigative report raising serious questions about the safety of hemp oil developed by Medical Marijuana Inc. and its subsidiary HempMeds. The report cites lab tests that reportedly revealed “significant levels of toxic solvents” in samples submitted by individuals who said they became sick after ingesting the products.

Medical Marijuana Inc. said the report “is based upon false, inaccurate and misleading statements