Medical Marijuana Inc, the parent company of Kannaway, billed as the world’s first direct sales company specializing in hemp based botanical products, announced its FY2014 report, with a 280% increase in sales.
The CEO also sent a letter to shareholders updating them on the current year’s plans. Additionally, the company also launched a new website, in honor of “420” celebrations. The celebrations mark the changes in the cannabis industry, moving from illegal to legal and the realization of the truth about cannabis.
In its financial report the company reported a year over year increase of 280% in sales. Additional highlights included maintaining a credit reserve of $6 million and an increase in the capacity of merchant accounts to $20 million. The increase in sales has been credited to the expansion of operations and the acquisition