Is Medical Marijuana Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Medical Marijuana Inc (MJNA) is currently classified as NOT HALAL as of February 2025. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Medical Marijuana Inc a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Medical Marijuana Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Medical Marijuana Inc?

Muslim investors may consider investing in Medical Marijuana Inc if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Medical Marijuana Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Medical Marijuana Inc by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Medical Marijuana Inc updated?

The Shariah compliance status of Medical Marijuana Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Medical Marijuana Inc become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Medical Marijuana Inc?

You can check the latest Shariah compliance status of Medical Marijuana Inc on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

MJNA Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 11, 2025

Report Source: 2024 3rd Quarter Report

Medical Marijuana Inc. Stock Analysis MJNA

United States Health Care Nano Cap Report: Q3, 2024

Medical Marijuana, Inc. engages in the development, sale, and distribution of hemp oil that contains naturally occurring cannabinoids. The company is headquartered in Vista, California. The company went IPO on 2004-06-21. The company operates in four divisions. Medical Marijuana, Inc. division operates its Website to maintain an online presence, provide corporate, investor relations and educational information and news relating to it and the cannabis industry. HempMeds division distributes products directly in the United States and through its subsidiaries internationally primarily in Mexico and Brazil. Its product is Real Scientific Hemp Oil (RSHO). RSHO is a full spectrum, complete CBD hemp oil, which contains the natural hemp oil in the industry. RSHO is offered in three varieties: Green, Blue and Gold. Kannaway is its direct selling division, which sells its CBD products in United States, Europe and Asia. Its manufacturing facility division provides small-to-large scale Research & Development, Kitting, and others.

Key Statistics of Medical Marijuana Inc (MJNA)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$0.00$0.00

Today's Open

$0.00

Volume

35.80M

P/E Ratio (TTM)

0.01

52 Week Range

$0.00$0.00

Market Cap

2.06M

Avg. Volume

31.26M

Dividend Yield

Financial Metrics & Statements of Medical Marijuana Inc (MJNA)

FAQ's for Medical Marijuana Inc (MJNA)

According to Musaffa’s Shariah screening methodology, Medical Marijuana Inc (MJNA) is currently classified as NOT HALAL as of February 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.