NEW YORK, January 24, 2013 /PRNewswire/ --
As of December 2012, the recreational use of marijuana, which was usually frowned upon, has been legalized in the states of Colorado and Washington. Seeing this as an opportunity, Medical Marijuana, Inc. (OTC: MJNA) [Full Research Report] a leading hemp industry innovator, supports a petition to honor the legalization of industrial hemp as a states right issue.
The use of medical marijuana is already legal in some states but industrial hemp, another species derived from the cannabis plant, is still grossly underutilized and misunderstood. The legalization served as a green light for many companies like Medical Marijuana to fight for the benefits that marijuana and hemp provide, and to hope for a domino effect state-by-state legalization.
As pioneers in the resurgence of industrial hemp and staying true to their mission, "to create awareness within the industry, develop environmentally friendly, economically sustainable businesses, while increasing shareholder value," Medical Marijuana strives to provide hemp products, which contribute to the health and wellbeing of humanity, through its diversified portfolio, and so far, they have been successful in doing so.
The company's success amidst the challenges can be credited to their ability to change and keep up with the rapidly changing economic, legal, and political environments that surround the industry. Medical Marijuana remains as a cornerstone investment as it has been able to lay a stronger foundation upon which the industry can prosper.
Diversification is the secret to success of most industry leading companies. For Medical Marijuana, it clearly defined its nine subsidiaries' purpose to relate to individual market, consumer, or partner need, providing an unparalleled business model.
Dedicated companies like Medical Marijuana have contributed to the rapid growth of the utilization of industrial hemp for food and fiber products, increasing over 300 percent in the past few years. The legalization of industrial hemp will further benefit the people and the economy as there will be creation of a new and highly profitable agricultural industry, increased trade opportunities, increase in GNP, improved health and environmental conditions, new tax resources, and reduced costs with respect to enforcement of current laws.
If ever widespread legalization happens, all kinds of investors would be attracted to this industry, as what Bruce Perlowin, CEO of Hemp, Inc. (OTC: HEMP) said, "Everybody wants in on the next big thing."
 The Full Research Report on Medical Marijuana Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.nationaltradersassociation.org/r/entire_report/6969_MJNA]
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SOURCE National Traders Association