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LORAIN COUNTY, Ohio — Hemp and CBD products are now legal in the state of Ohio, and retailers across the state may begin selling those products right away.
Governor Mike DeWine signed Senate Bill 57 into law, Tuesday, August 6th, morning at the Ohio State Fair. The new law allows the Ohio Department of Agriculture to begin drafting rules for people who want to grow or process hemp. It also removes hemp from the list of controlled substances.
The most immediate change, however, is that retailers can begin selling CBD and other hemp-derived products in stores right away, as a result of an emergency clause in the new law.
ZuRI, A CBD Supply Co. is a company with a production facility in Lorain County, where workers produce more than 90 CBD products. Scott Raybuck, the president and CEO, said that up until now, his company has been producing base products locally and then shipping them out-of-state to consumers. Now, though, the company can fulfill orders by local retailers, which it’s been receiving for a while now.
“In Ohio, I would probably say 70 to 80 (retailers) right off the bat, and that doesn’t include us now going out and really marketing to Ohio,” Raybuck said. “So it was a substantial number of retailers that we’ll be fulfilling orders over the next couple of weeks here for them.”
Company is expanding its product line in response to higher global market demand
Escondido, CA — (July 18, 2019) – MARIJUANA COMPANY OF AMERICA INC. (“MCOA” or the “Company”) (OTCQB: MCOA), an innovative hemp and cannabis corporation, today announced that the Company’s hempSMART™ brand has launched its new product called hempSMART Body Cream™.
Each bottle of hempSMART Body Cream is formulated with 300mg of organically grown, full spectrum, non-psychoactive cannabinoid (CBD), derived from industrial hemp. This revolutionary nourishing topical formula combines premium CBD oil with a unique blend of synergistic Ayurvedic herbs and botanicals.
“The new hempSMART Body Cream is a major advancement in the wellness arena,” said Paula Vetter, holistic nurse practitioner, certified herbalist, and Chair of the hempSMART Medical Advisory Board. “The cream is completely free of toxins that are commonly found in many skin care products and absorbed through the skin and into the blood stream. Instead, hempSMART’s Body Cream is a topical wellness solution that sets a new standard in the industry by improving the overall health of skin with each use.”
hempSMART Body Cream takes a quantum leap beyond hydration to replenish, restore and rejuvenate skin cells for improved elasticity, supple texture and healthy radiance. This innovative formula is rich in omega 3, 6, 7 and 9, along with naturally occurring plant ceramides to build a strong and vibrant cellular matrix deep within skin layers. Premium botanicals include organic aloe, sacha inchi oil, argan kernel oil, macadamia nut oil, rose hip seed oil, frankincense, tulsi, pomegranate seed oil, ashwagandha, turmeric oil, coconut oil and sea buckthorn oil.
“Our Company continues to dedicate itself to providing our customers with all-natural products infused with the highest quality CBD oil found on the market,” said MCOA’s CEO, Don Steinberg. “We are excited by this launch and anticipate great customer feedback.”
The hempSMART product line distinguishes itself from competitors through its premier quality extracts from industrial hemp plants grown specifically to provide the highest concentration of CBD. The exclusive hempSMART line currently includes six popular products: hempSMART Brain™, hempSMART Drops™, hempSMART Face™, hempSMART Pain™, hempSMART Pain Cream™, and hempSMART Pet Drops™. These products have all been carefully formulated to provide the desired “Entourage Effect,” which is the most natural interaction the human body can have with CBD.
About Marijuana Company of America, Inc. MCOA is a corporation that participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART™”, that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreational use; and, (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop.
About Our hempSMART Products Containing CBD The United States Food and Drug Administration (FDA) has not recognized CBD as a safe and effective drug for any indication. Our products containing CBD derived from industrial hemp are not marketed or sold based upon claims that their use is safe and effective treatment for any medical condition as drugs or dietary supplements subject to the FDA’s jurisdiction.
Legal Status of Cannabis While legalized in California for recreational and medicinal use, cannabis remains a Schedule 1 drug under the Controlled Substances Act (21 U.S.C. § 811) and illegal under the federal law.
Forward LookingStatements This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costsandresults of new business opportunities and words such as “anticipate”, “seek”, intend”, “believe”, “estimate”, “expect”, “project”, “plan”, or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-lookingstatements,or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectationsandintentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10k, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit http://www.sec.gov.
During Louisiana’s most recent legislative session, lawmakers passed two house bills that would regulate and make legal the sale of Cannabidiol, otherwise known as CBD.The first was House Bill 138, which would make it so “hemp” doesn’t get grouped in with the regulations that apply to marijuana.The second was a bill that lays out the guidelines for growing hemp legally.
This makes it so CBD manufacturers can officially start working with regulators in the Louisiana Office of Alcohol and Tobacco Control (LOATC).They have since started issuing temporary permits to those who wish to sell CBD, as long as those establishments are in line with the new regulations.
Local business owners in one of the few places that sold CBD before the regulations took effect, offered his perspective on what selling this product was like before the regulations. “The CBD was starting to sell well,” he said. “Most of your customers were older people. It’s an anti-inflammatory, so it’s good for arthritis. A lot of them were a little afraid of it being marijuana. You had to show them that it wasn’t, and explain to them what hemp is and what marijuana is and what THC is and that hemp doesn’t have it.
We’ve done 0% THC from day one,” he said. He then went on to explain why exactly people started selling CBD so quickly and the government’s part in starting to regulate the process. President Trump signed a bill in December of last year that legalized hemp up to 0.3 percent of THC.
That’s what kicked this thing off and everybody jumped in. Well, midstream the state said you can’t do this, so we quit. The legislature was in process, they had a bill, and they said they were gonna fix it, and they did. We had a lag time of five to six weeks where we couldn’t sell it.
I was asked to put my signs up and stop, and I haven’t sold any for about a month. ”According to the world health organization, “Cannabidiol (CBD) is one of the naturally occurring cannabinoids found in cannabis plants. In humans, CBD exhibits no effects indicative of any abuse or dependence potential. CBD has been demonstrated as an effective treatment of epilepsy in several clinical trials, with one pure CBD product (Epidiolex®) currently in Phase III trials. There is also preliminary evidence that CBD may be a useful treatment for a number of other medical conditions.
CBD is generally well tolerated with a good safety profile.
To date, there is no evidence of recreational use of CBD or any public health-related problems associated with the use of properly extracted CBD.
“Essentially, CBD products are those that have the potential medicinal benefits of hemp’s sister plant marijuana, without any of the chemicals that get people high.
Businesses in Louisiana aren’t going to be able to start selling CBD products again until they get a temporary permit from the LOATC, but this owner believes that it is not necessarily a bad thing. “It’s just a state process you have to go through, deliver the papers, get a health department certificate, but the main thing, it looks like to me, is the LABEL!
According to the application for a temporary CBD permit, “the label must contain
‘This product has not been evaluated by the Food and Drug Administration and is not intended to diagnose, treat, cure, or prevent any disease,’ the label shall not contain any medical claim, and the label shall have a Scannable code, QR code, or a web address linked to a website that contains certification of analysis provided by law. ”
I’ve got no problem with this, said the business man. I t’s gonna be a little more time added to the process, but once we get it situated, I won’t have a problem,” said the owner.