Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move: Interview with Todd Morrow, President of HempMeds, subsidiary of Medical Marijuana Inc. (OTC: $MJNA)
Delta, Kelowna, BC –October 2, 2019 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s edition of Investorideas.com potcastsCM - cannabis news and stocks to watch plus insight from thought leaders and experts.
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In today’s podcast I interview Todd Morrow, President of HempMeds, a subsidiary of Medical Marijuana Inc. (OTC:MJNA), where we discussed the recent developments for HempMeds as well as the CBD space in general.
For those unfamiliar with HempMeds story Todd elaborated, “HempMeds was the first company to ever bring hemp based CBD oil products to market in the U.S. back in 2012. The company was also the first ever company to receive the historic federal government import approval for CBD products from Argentina, Brazil, Mexico and Paraguay as well as the first to have product listed in the prescribers digital reference. We are the only hemp-CBD product, our RSHO (Real Scientific Hemp Oil) Gold is the only product to be listed in the physicians reference.”
As Todd and HempMeds have been involved in the CBD space since its inception in the U.S. market, Todd discussed the changes he and his company have noticed take place over the last few years. “We’ve been sourcing industrial hemp from the Netherlands from the very beginning which has given us the opportunity to trade across state lines since the beginning. The landscape is very interesting out there and very confusing for consumers. Many consumers have heard of CBD but they don’t know what to look for in products. In the beginning there was just a few CBD companies and a few CBD options
and now the market is flooded with thousands of CBD companies brining CBD products to market. Unfortunately, we’ve got a lot of folks out there that are making claims on their package that they can’t substantiate or saying that there’s one thing in the bottle when there’s really something else. This creates a wild west out there and is very confusing for consumers. We really believe that a large portion of our responsibility is education. We’ve put a lot of time,energy and effort into educating consumers not only on our product but also on the options available in the marketplace and what consumers should be looking for when they’re looking to buy CBD product. What sets us apart from a lot of the other players is our full spectrum oils. All of our products, under the RSHO brand, are premium industrial hemp/CBD oil.”
Discussing how the education component of the industry, an element most companies within either the hemp/CBD or cannabis/THC industries consider paramount, may change with FDA regulations coming into the market, Todd explained, “I do believe that once the FDA gets involved, a lot of those concerns will fall to the wayside. I think there’s going to be quite a tremendous shake out. There will be standardization around what’s allowed and what’s not, what is required on the label and all the certifications from soil all the way to a finished good, will be required, or should be required. With the FDA involvement, this should take a lot of the owness away from the consumer, but you still always want to make sure your due diligence in your research.”
Medical Marijuana, Inc. through their subsidiary HempMeds recently announced that the Company has reached a one-year milestone for long-term stability testing on its flagship THC-free cannabidiol (CBD) oil product Real Scientific Hemp Oil-X™ (RSHO-X™). The stability study was conducted in strict compliance with FDA/ICH guidelines (Q1A-R2).
“Our consumers and retail partners deserve the transparency and security of understanding how stable and dependable our products are throughout numerous climatic conditions and transportation scenarios,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “This long-term study illustrates our deep commitment to creating and distributing safe, high-quality products to consumers worldwide and we aim to continue conducting similar studies in the future with our other industry leading CBD products.”
The stability study tested multiple samples of RSHO-X™ while being exposed to various environmental conditions that may be experienced in various locations throughout the world. The samples, which were tested for appearance, odor, specific gravity, viscosity, package compatibility, and complete microbial characteristics, showcased that the product is stable at the end of a one-year time period and has identical CBD concentrations to what existed at the beginning of the study.
The study was outsourced to one of the most qualified cGLP/cGMP compliant Contract Research Organizations (CROs) with attained ISO 17025 accreditation and certification.
It was performed using fully validated, proprietary analytical UPLC-PDA and LC-MS/MS methods reflecting the specificity and selectivity toward RSHO-X™, including data elements and parameters such as accuracy, precision, repeatability, ruggedness, system suitability, linearity, specificity, dilution integrity, and dynamic range.
The test results showed no change (no more than 5%) in the CBD content and other specifications were observed and the container closure system was faultless at both long-term and accelerated test conditions.
The positive 12-month, long-term stability test results suggest that RSHO-X™ is a stable formulation. The stability testing will be continued for up to 24 months and a corresponding shelf-life of 24 months is anticipated.
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