Science & Technology
Science and Technology
Science and Technology
Mon, June 14, 2010
Sun, June 13, 2010
Fri, June 11, 2010 Medical Marijuana Inc President Issues Letter to Shareholders
FOOTHILL RANCH, CA--(Marketwire - June 11, 2010) - Medical Marijuana Inc (
Dear Shareholders,
We are fortunate to have this great opportunity in front of us. We have the ingredients necessary to build a great company with serious value for our shareholders. The medical marijuana, hemp and related products industries are in their infancy and growing at fantastic rates. Although cannabis has been utilized for thousands of years, it is because of changing laws that make it possible for MJNA to be the first public company to step into this business now.
PRODUCTS: Our business model is focused on Medical Marijuana, Hemp and Wholesome products. In the Medical Marijuana field, we are focused on supplying the tools necessary for participants in the supply chain to be in compliance. We have recently upgraded to utility status our patent pending Tax card for dispensaries designed to bring these cannabis outlets and home delivery systems within tax compliance. Recently LA city council determined they wanted to go to a cashless dispensary system. As this desire spreads across America, we plan to participate in implementing these systems.
Bruce Perlowin, our Chairman and CEO, has developed an unparalleled, in-depth knowledge of our industry, ranging from seed development to the efficacy of medicinal products utilized by patients. With that knowledge, we have been able to upgrade our utility patent pending for a complete Tracking system that combines a chain of efficiency and compliance as the laws evolve. Bruce is also working with leading growers to develop certain strains of medical marijuana that are designed to meet a person's medical needs. As medical marijuana laws continue to evolve, our national agent sales force will be equipped to reveal for qualified physicians, the diverse and unique cannabis medicines we have developed so they can prescribe the very best solutions for their patients' needs.
Hemp is one of the most amazing plants on earth, capable of producing fibers for clothing and paper, oil for food, milk, cheese, alternative energy, pharmaceuticals, etc.
The 1st step to wellness is to have a healthy body. In that regard, we are developing a line of health products that will naturally enhance the benefits of medical marijuana to the patient. We have a complete team of doctors, immunologists and scientists developing and formulating what we believe will be the finest supplements to health. Our capsules are being designed to be made of healthy ingredients, and not made from animal products.
We have recently opened a new division "The Hemp Network" which is a network marketing company designed to efficiently distribute our products on a global basis. Based on years of experience owning and administering past network marketing companies, our Chairman/CEO and myself together bring a wealth of background. The official launch date for "The Hemp Network" is August 29, but already nearly 500 people have signed on as agents. As we develop this network into thousands of agents, we are well prepared for massive distribution of our high quality hemp and health related products. We encourage our shareholders to sign up with [ http://www.TheHempNetwork.com ]. We are excited about these products and hope you will be too when you see them displayed on our web site or have the pleasure of enjoying them yourselves in early September.
Sincerely,
Don Steinberg, President
SOLUTIONS
Medical Marijuana Inc has developed a suite of solutions to deliver an efficient and secure infrastructure for the Medical Marijuana Industry which provides the tools to industry operators to effectively manage their business with the confidence that they are in full compliance.
MEDICAL MARIJUANA INC'S TURNKEY COLLECTIVE SOLUTION
Medical Marijuana Inc's Turnkey Collective Solution ensures that collectives operate within the guidelines of all laws and regulations regarding the tracking of the cannabis from grow cycle to final distribution. By employing Medical Marijuana Inc's closed loop, patent pending, tracking system, it can be shown to authorities and collectives alike that the source of their supply was an active member of the collective.
TAX COLLECTION
MJNA's Stored Value Platform System provides verifiable solutions to manage the difficult task of revenue and taxation collection. The customers of the dispensary are issued a plastic debit card or medical revenue card. The ease of access to certifiably secure transactions lessens the risk of loss at each level of the transaction.
ABOUT MEDICAL MARIJUANA INC
Medical Marijuana Inc recognizes the vast and unequaled opportunities that exist in the rapidly expanding hemp and medical marijuana industries. The scientific recognition of cannabis has brought legalized marijuana use to the forefront of mainstream discussion, thus opening the door for safe and lucrative investment opportunities.
FORWARD-LOOKING DISCLAIMER
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Medical Marijuana Inc to be materially different from the statements made herein.
