Medical Marijuana Subsidiary Kannaway's CBD Products Close To Validation By UK Food Standard Agency

Kannaway, subsidiary of Medical Marijuana, Inc., MJNA has been included on the recently published list of brands that have submitted novel foods applications to the UK Food Standard Agencies for their CBD products.

This new list contains the names of products that were on the market before February 13, 2020, and have demonstrated a comprehensive toxicological approach to confirm safety. The FSA states that any companies on this list can continue to market their products within the UK, and those that are not should discontinue all sales.

Kannaway products on the FSA website now have ‘Awaiting Evidence' status meaning the FSA is awaiting the final toxicology results and are satisfied with all the other evidence submitted. Once received, and if successful, the company will progress to the final ‘Validated’ status.

“We are proud to continue to pioneer the cannabis industry in Europe, including in the U.K.,” stated Medical Marijuana, Inc. CEO Blake Schroeder. “We established operations in Europe in 2018, becoming the first direct selling company to sell CBD there, and have since been able to experience tremendous revenue growth in the market. We look forward to future updates from the FSA on receiving our validated status.”

Kannaway has warehousing facilities in both the U.S. and Europe and recently received certified drug-free approval from the Banned Substances Control Group, a third-party certification and testing provider of dietary supplements and natural products. The company is also a member of the European Industrial Hemp Association.

Related News

Medical Marijuana Reports $34.1M In 2021 Revenue, Strengthens International Presence

Medical Marijuana Eliminates $10M Of Debt From Its Balance Sheet

Medical Marijuana's Kannaway To Launch Its First CBD Product With 1% THC At Its Event In Prague

 

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CannabisNewsMarketsBlake SchroederKannaway
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Cannabis rescheduling seems to be right around the corner

Want to understand what this means for the future of the industry? Hear directly for top executives, investors and policymakers at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. Get your tickets now before prices surge by following this link.


Loading...