A Closer Look At Marijuana Company Of America Inc (OTCMKTS:MCOA)

Marijuana Company Of America Inc (OTCMKTS:MCOA) has picked up a head of steam as we barrel towards the November ballots. Come November, voters in at least nine states will decide on whether to legalize either the recreational use or the medical use of marijuana. As it stands now, those states include Arizona, Arkansas, California, Florida, Maine, Massachusetts, Montana, Nevada and North Dakota. This has brought cannabis investors back into the marijuana sector looking to capitalize on Green Rush 2.0. MCOA is one benefiting from this trend.First up, a little background on the company. Marijuana Company of America is a publicly traded company headquartered in Southern California. MCOA will distribute marijuana and products related to marijuana as well as CBD and hemp, using a variety of marketing approaches to distribute on a global basis. The company's CEO is Donald Steinberg, who was the founder of Medical Marijuana Inc (OTCMKTS:MJNA).MCOA just announced the prelaunch of the hempSMART Brain product. hempSMART Brain was developed to address the increase in neurologic and neurodegenerative challenges that have prompted a surge in scientific research on prevention and/or reversal of brain and nervous system pathology. A variety of natural products have been shown, in clinical trials, to improve neurological and cognitive function and there has been a surge of products being marketed to improve brain function. While the efficacy of some of these blends has been impressive, many utilize trace amounts of therapeutic ingredients, inadequate for any clinical effect.HempSMART Brain is unique in that it utilizes a synergistic blend of natural neuroprotective and neuroregenerative compounds, all in clinically researched and verified therapeutic amounts. The Core Ingredients for this product are CBD, Astaxanthin, Phosphoryl Choline and Phosphatidyl Serine. Together, these ingredients promote and support brain function and neurogenesis. Additional natural compounds compliment the synergistic effects of the core ingredients.MCOA also has its affiliate marketing platform, Club Harmoneous. The Club offers benefits to member patients, including consistent high quality, aggressive pricing as well as discounts, loyalty and rewards, unique products and strains, lab testing, discrete and prompt delivery. Club Harmoneous maintains an in-depth knowledge base of industry, patient, and expert data. Using this information, member patients can select specific products online or from an app on their phone, place them into their shopping cart, checkout, and receive secure, prompt personal delivery. MCOA claims that by avoiding dispensary visits, Club Harmoneous member patients are a trusted network of members, friends, co-workers, neighbors and relatives to buy with confidence and convenience.In California, where MCOA is based, things are really heating up. Proposition 64, which is on the November ballot, would allow people age 21 and older to possess and use up to an ounce of marijuana and would allow pot shops to sell cannabis for recreational use. The initiative also includes a provision that could someday allow cannabis sellers to advertise their products in print ads and on digital sites and radio and television stations. If Californians vote to legalize recreational use, overnight it will triple the size of the US cannabis market. So far, Proposition 64 has widespread support. Lt. Gov. Gavin Newsom (D) and at least four California U.S. representatives are supporting the measure. Most importantly, latest polling data shows 60% of Californians in favor of legalization.MCOA has an agreement with West Coast Collective, which is a Pre-ICO, Prop. D compliant medical marijuana dispensary licensed in the greater Los Angeles area. West Coast will provide a wide range of products, including flower (bud), concentrates and finished products to MCOA’S managed services client, Kush Clinic, in Palm Desert, California. In January, the City of Palm Desert approved an ordinance that allows medical cannabis delivery with a majority 4-1 vote. This new ordinance will help the company’s client, Kush Clinic in Palm Desert, in delivering more products to more customers.In January, MCOA signed a managed services agreement with Green Dot Collective located in North Hollywood, California. GDC is a CA Prop 215 non-profit Collective in North Hollywood, California, operating in accordance with California Health and Safety Code Sec. 11362.5(B)(1)(A) and 11362.7(H). The collective specializes in providing medicinal cannabis services to members who require in-home care. Under the terms of the two-year agreement, effective January 12, 2016, MCOA will provide GDC with the following managed services: compliance, accounting, product sourcing and testing, quality control, fulfillment, courier/delivery, transaction processing, cash management, loyalty and rewards programs, product development, packaging, marketing, branding and human resources.Currently trading with a market cap of just $2.75 million, MCOA is one of the more exciting story among cannabis names. It's lead by the founder of Medical Marijuana Inc, which has a current market cap of $183 million. We believe MCOA represents CEO Donald Steinberg's second act and one which investors need to pay closer attention to. We don't believe it will be trading at these levels for much longer. We will be updating our subscribers as soon as we know more. For the latest updates on MCOA and other pot stocks, sign up below!Disclosure: We have no position in MCOA or MJNA and have not been compensated for this article.