Medical Marijuana, Inc. subsidiary Kannaway® has been named the Most Popular Cannabidiol (CBD) MLM Company in HealthMJ’s new 2020 list.
“As the first company to offer CBD products through a direct selling channel in 2014, it’s exciting to be acknowledged as a top leader in the industry still today,” said Kannaway CEO Blake Schroeder. “The CBD industry has experienced transformational growth over the past year, especially with the passing of the 2018 Farm Bill, and it’s been a tremendous experience to see Kannaway innovate and establish many of the quality and safety standards needed for the market to thrive.”
A recent Brightfield Group report shows that more than 50 percent of CBD consumers in the U.S. first learn about CBD from friends or family, making direct selling companies a perfect fit for the CBD industry. Nielsen projects the U.S. hemp-based CBD market could be a $2.25 billion to $2.75 billion industry this year. Also, Direct Selling News estimated that direct selling companies sold over $300 million worth of CBD-related products in 2018.
“As Kannaway continues to thrive in today’s rapidly growing CBD market, we are honored to be recognized,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “The company also received several exciting awards recently, including Stevie® Awards, BIG Awards for Business and Golden Bridge Awards, and we look forward to receiving more accolades in 2020.”