- Global wellness market expected to grow by 17 percent through 2021
- CBD-based products predicted to cause a major shift in this market
- hempSMART has developed marketing strategy to maximize market penetration of CBD-based products
The worldwide wellness industry reached $3.7 trillion in 2016 and is expected to show annual growth of 17 percent through 2021, according to Women’s Marketing (http://cnw.fm/C7AgN). Nutritional products and vitamin supplements form a sizeable portion of this market at the moment, with economists and industry experts predicting that the next major shift in the market will be triggered by CBD-based products. Marijuana Company of America, Inc. (OTC: MCOA), via its wholly-owned subsidiary hempSMART, is well positioned to take advantage of this industry growth through the development and marketing of innovative hemp-derived, CBD-based nutritional and wellness products.
Marijuana Company of America was established in 2015 by Don Steinberg and Charles Larsen, two people with extensive experience in the cannabis and industrial hemp industries. MCOA’s primary mission is to develop a diverse portfolio of subsidiary operations and establish strategic joint ventures with industry players while offering turnkey services to the legal cannabis and hemp industry.
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