Medical Marijuana, Inc. subsidiary Kannaway was honored with two 2019 BIG Awards for Business by the Business Intelligence Group.
The company was named Small Business Company of the Year in the Life Sciences, Health, Wellness and Nutrition category, and Kannaway CEO Blake Schroeder was named Small Business Executive of the Year in the Life Sciences, Health, Wellness and Nutrition category.
“We are honored and humbled to have the hard work of our team recognized by the BIG Awards for Business,” said Schroeder. “2019 was a banner year for revenue growth at the company, especially in our international operations, and we are proud to continue to be a pioneer for the industry in educating new markets about hemp-based CBD.”
As the first direct-selling company to bring hemp-based cannabidiol (CBD) products to market in the U.S. and Europe, Kannaway was named Small Business Company of the Year to recognize the company’s international advocacy efforts for CBD access and education. Kannaway experienced an increase of nearly 200 percent in revenue over 2017 revenue, much of that success attributed to its European operations.
Schroeder was honored for his efforts in growing the company’s revenue more than 60 times since joining the executive team along with his work to help expand the company’s product offerings to meet growing consumer demand.
“We are excited by this recognition and believe that it will help us make CBD and hemp-derived products available to people around the world,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “Awards like these continue to boost our reputation as a category leader and set a standard of professionalism that we wish to impart upon the entire industry.”
The Business Intelligence Group’s 2019 BIG Awards for Business were launched to acknowledge companies, products and people that are leading their respective industries. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.
