Medical Marijuana, Inc. announced that it has launched its first pharmaceutical subsidiary, HM Pharma, in Brazil. In Brazil, CBD is currently permitted only for medical use with authorization from the country's National Sanitary Surveillance Agency (Anvisa). HM Pharma will operate under Anvisa Normative 327/2019 which allows the company to sell its products in pharmacies.

Customers will soon have the choice to purchase HM Pharma in a pharmacy at the point of sale with a doctor's prescription or continue to order from HempMeds® Brasil using Brazil's Compassionate Use law. The company expects that HM Pharma products will be on pharmacy shelves by the end of 2022. Medical Marijuana, Inc. subsidiary HempMeds® Brasil was the first company to legally import products to Brazil in 2015 utilizing Brazil's Compassionate Use laws.

The compassionate use market in Brazil is thriving and it will continue to coexist with the medical market. HempMeds® Brasil, which is currently growing at 75.8% faster than the overall Brazilian CBD market and is one of the largest players in Brazil's cannabis industry, will continue to operate under the compassionate use model, while HM Pharma will operate under Anvisa Normative 327/2019.