Global Cannabis Industry continues gaining ground in Central and South America
July 5, 2016
SAN DIEGO, CA – Medical Marijuana, Inc. announced today that the Paraguay government has issued a new import permit for the Company's flagship product Real Scientific Hemp Oil (RSHO) for a new patient in the country. The Company also announced its plans to further expand into Latin America as the cannabis industry continues gaining ground in the region and as demand for its products increase.
The Paraguay government granted the country's first-ever import permit for RSHO in May 2016, which marked the third country in Latin America, after Brazil and Mexico to approve Medical Marijuana, Inc.'s cannabidiol (CBD) hemp oil for indications including epilepsy, Parkinson's disease and chronic pain. RSHO also has 12 medical product registrations in Puerto Rico.
"We are thrilled to hear the news that the Paraguay government has issued another import permit for a suffering child, so soon after its government granted the first-ever import just a month ago," states Dr. Stuart Titus, Chief Executive Officer of Medical Marijuana, Inc. "As evident with other countries we ship our products to, demand increases once the word spreads. We expect demand to continue to increase in Paraguay, and in the other countries that are receiving shipments of RSHO."
Medical Marijuana, Inc. also announced its plans to further expand into the Latin America marketplace, and that the Company is working on opening a fourth new Latin American market. Currently, Medical Marijuana, Inc.'s RSHO products are shipping to more than 40 countries.
"We're excited about the opportunity to get our products to more patients in Latin America and throughout the world," added Dr. Titus. "The medical marijuana industry is experiencing significant growth in South and Central American countries as a shift in public attitudes, legislative development, and a greater awareness of cannabis' medicinal properties continues. As more and more countries come on board, our Company is ready to provide them with the products they need to help patients who have been suffering too long."