Medical Marijuana, Inc. continues its year over year growth by notching our best revenue year ever.
Medical Marijuana, Inc. eclipsed our record-breaking 2017 success with our best year ever in 2018. Our gross revenue in 2018 increased to over $59 million, an increase of more than 125 percent over 2017.
Medical Marijuana, Inc. also recorded our best ever fiscal quarter to end 2018. Quarterly revenue for Q4 2018 totaled more than $17.7 million, an increase of more than 87 percent over Q4 2017.
You can read the full Medical Marijuana, Inc. 2018 report here.
“The Company and its subsidiaries have worked very hard to further international access to CBD last year and is optimistic that its expansion into Europe and Latin America has positioned the company to accomplish significant revenue milestones in 2019,” said Medical Marijuana, Inc. COO Blake Schroeder. “We hope that this will continue to provide our shareholders with an optimistic forecast for our future success.”
Medical Marijuana, Inc. started the year off on a strong note, with our best quarter ever in Q1 and Q2. These steady gains would continue, and with over 5 months left in 2018, Medical Marijuana, Inc. surpassed 2017’s revenue total and set our sights on even greater success, recording our best quarter ever again in Q3 and Q4 of 2018.
Our portfolio steadily grew in 2018, adding to our share of a rapidly expanding global hemp-derived CBD market, one of the fastest moving industries in the world.
“It’s predicted that the CBD market could be worth $22 billion by 2022,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “We’re excited that, in addition to this great industry progress, we’ve experienced our own tremendous growth in 2018 and the company is positioned well for continued explosive expansion.”
Medical Marijuana, Inc. was the first company to enter the hemp CBD market, innovating the industry as we created and distributed the first ever hemp-based CBD oil products nationwide. Soon, we would ship our products to countries worldwide while expanding our portfolio of companies to meet specific markets, like CBD for pets, cannabinoid-based pharmaceuticals, specialized international branches, and more.
We have been able to continue our reliable growth into 2019. Our company, as well as portfolio companies Kannaway, HempMeds® Brasil, and Phyto Animal Health celebrated best months ever in March of 2019.
Additionally, our family of companies has been able to secure new outlets for distribution of our award winning CBD products in the first part of 2019, including with Mr. Checkout, Shopaholic Boutique, and more.
Medical Marijuana, Inc. earned Certification Seals from the U.S. Hemp Authority early in 2019, affirming the high quality of our products. One of the first 13 companies and brands to receive these seals, this achievement recognizes our commitment to creating safe and reliable hemp oil products.
You can shop the full line of Medical Marijuana, Inc. brands like Real Scientific Hemp Oil, Dixie Botanicals®, HempMeds®, Phyto Animal Health, and more in our online store, or visit our company news feed for the latest from across our family of companies.
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Author: Jeffrey Stamberger