Medical Marijuana Inc. (OTCMKTS: MJNA) has announced that its Kannaway Japan subsidiary recorded its best revenue ever in the company’s history in December 2021.
The global CBD market could hit $5.3 billion by 2025
The worldwide CBD oil industry is predicted to exceed $5.3 billion by 2025, as per Research and Markets, with Asia-Pacific being among the fastest-growing areas.
Kannaway CEO Blake Schroeder. “As we start off 2022 stronger than ever, I’m very proud for finishing 2021 on a high note by achieving this milestone and broadening our reach Sales in Japan continue to grow and we look forward to continued growth in the region.”
Kannaway is a multi-level marketing organization specializing in selling and marketing hemp-based botanical goods. Kannaway presently holds weekly online sales conferences and meetings across the United States, providing sales professionals with unique information and opportunities to become effective leaders in the marketing and selling of hemp-based botanical products.
In November, Kannaway Japan also reported record revenue in Japan. Blake said that the company experienced considerable success and growth in Japan during the quarter. He added that they are delighted with ongoing development across Asia-Pacific as it expands its presence across the region.
Kannaway continuing its expansion across the Asia-Pacific region
Kannaway Global Sales Officer Peter Dale stated, “The popularity of CBD products in Japan is growing rapidly, and we have been able to help further this trend by connecting with consumers to help them become educated on what CBD is and what high-quality CBD products are best for them. We are proud to be the market leaders in the CBD category in Japan and around the world.”
Recently, Kannaway appointed Jose Miguel Guiterrez Vazquez as the Sales Director for Mexican operations. Vazquez said, “Kannaway is leading the hemp revolution and I am looking forward to becoming a part of its incredible journey to bring hemp into every home. The company’s high-quality cannabis products paired with their superior business model are well-positioned to help drive positive global change. I am honored to be part of a world-class team and support entrepreneurs across Mexico.”
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