First-ever direct promoting CBD hemp oil firm Kannaway joins premier hemp business affiliation inside newly opened EU market.
Medical Marijuana, Inc. subsidiary Kannaway has joined the European Industrial Hemp Affiliation (EIHA) for the primary time as a member. This membership will assist Kannaway promote the usage of renewable hemp and CBD merchandise all through the European Union.
The EIHA is the one coalition for the commercial hemp sector in Europe. It operates with the purpose of uniting the hemp business within the EU and sharing important info with its members. The group additionally advocates for the cultivation, processing, and use of hemp commercially, lobbies for laws surrounding hemp and CBD all through the EU, and organizes occasions to attach hemp business leaders in Europe.
As an EIHA member, Kannaway will take part within the group’s operational and legislative actions as a part of Medical Marijuana, Inc.’s mission to deliver entry to high quality hemp and CBD merchandise to as many individuals as attainable world wide.
“We’re excited to be acknowledged as a frontrunner within the European hemp business,” mentioned Kannaway Vice President of Worldwide, Alex Grapov. “We stay up for working with the EIHA to assist drive international coverage adjustments relating to the laws of hemp and CBD and assist unfold training on the potential wellness advantages of CBD.”
The EIHA presently has 52 member companies and dozens of affiliate members, together with medical doctors and business consultants. Its members, representing 31 totally different international locations, are gamers in industrial hemp processing and distribution, automobile manufacturing, building, and meals and feedstock, in addition to the pharmaceutical sector.
To be taught extra in regards to the European Industrial Hemp Affiliation, its objectives, and to see an inventory of its members, please go to http://eiha.org/members/.
In line with the Brightfield Group, a predictive market intelligence agency, Europe’s CBD market was estimated at $318 million in 2018 and is predicted to develop over 400 p.c by 2023. Kannaway was one of many first to introduce hemp merchandise containing excessive ranges of CBD to Europe’s market again in 2017.
Kannaway’s Europe Division has grown exponentially over the past two years. The corporate has hosted over a dozen occasions all through the EU, added greater than 50,000 model ambassadors to its staff, and commenced promoting in lots of new markets and international locations. The corporate now ships to over 30 international locations worldwide.
The corporate formally launched its European operations in 2018 with its Kannaway Grand Opening Occasion in Prague. Greater than 2,000 folks attended the occasion the place the corporate revealed a number of new revolutionary CBD merchandise and thrilling initiatives.
This led to a major quantity of Kannaway’s 2018 income coming from its European operations and the corporate skilled a rise of practically 200% in income over 2017 income.
“Europe has proven us nice potential for operational development and we’re smitten by the way forward for CBD there,” mentioned Medical Marijuana, Inc. CEO Dr. Stuart Titus. “Working with the EIHA is a stepping stone to connecting with a bigger viewers there and serving to the CBD business progress as an entire.”
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