MCOA’s New hempSMART” Brazil Operations Has Received Product Recognition From ANVISA – (USA version of FDA)

LOS ANGELES, CA October 11, 2021 Marijuana Company of America, Inc.

a diversified holding company with operations and investments throughout the cannabis industry, today

 

announced that the Company’s new hempSMART” Brazil operations has received product recognition from ANVISA,

the Brazilian regulatory agency equivalent to the FDA to sell its premium hempSMART” products via physician prescriptions in Brazil, the biggest CBD market in South America.

The Company has begun to fulfill prescriptions and expects continued requests. ANVISA, the Brazilian regulatory agency,

in 2019 established a legalized environment for the sale and consumption of CBD and cannabis for medical use in Brazil.

ANVISA is an autonomous agency that regulates most, if not all products and services in Brazil.

The institution assures that products follow the necessary standards and health regulations

before they can be sold to patients. hempSMART” products are available to physicians and patients in Brazil.

The ANVISA regulatory framework sets a comprehensive procedure for the manufacture and import of CBD products as well as the requirements

for commercialization, prescription, dispensing, monitoring and supervision of cannabis products for medical purposes.

Cannabidiol (CBD) oil can be sold only in Brazil to cannabis medical patients who receive a special control prescription from their physician,

and must be renewed every 60 days. hempSMART” is now being shipped directly to the patient.

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Subsidiary of MCOA Marijuana Company Of America. November 2021

 

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