Tuesday, June 30, 2009

Medical Marijuana, Inc Captures Market Share in 3 More Counties in California

MARINA DEL REY, CA--(Marketwire - June 30, 2009) - Medical Marijuana, Inc (PINKSHEETS: MJNA) continues its expansion with four additional collectives agreeing to use Medical Marijuana, Inc's tax remittance card. Dianna Kaplan, the marketing consultant assisting MMI says, "The addition of these collectives shows their intent to comply with tax laws and provides a more solid basis to build their business on."

The Healing Centers 1 & 2 in Orange County, California, 2 Green Thumbs in Tuolomne County, California and Mother Nurture Collective in San Diego County, California plan to implement the tax remittance card in September 2009.

The Healing Centers of Laguna Hills and Irvine, California in Orange County began operating because of the foresight they had in assisting qualified patient access to medical marijuana. The Healing Center embraces all aspects of the professional operation of medical marijuana collectives from staff to education in the medical marijuana industry.

Medical Marijuana, Inc is the first public company to recognize the vast and unequaled opportunities that exist in the rapidly expanding Medical Marijuana market. The scientific recognition of marijuana as a powerful medicine has brought marijuana to a new status and opened the door for investment and opportunity.

The Ability To Properly Manage Tax CollectionThe Stored Value Platform System provides verifiable solutions to manage revenue and tax collection. The “Point of Sale” (POS) system recognizes the dispensary’s tax ID number, state and local tax rates and then provides an “Automated Clearing House” (ACH) settlement of the taxes to the proper financial institutions.

Internal Management
All collectives/dispensaries in the U.S. are cash businesses, which presents various challenges. Customers are issued a MMI debit card or medical revenue card that allows easy access to certifiably secure transactions, and lessens the risk for the dispensary at all levels. It can even monitor multiple locations.

Master Agent Program
MMI daily conference calls begin June 15 for Master Agents. The calls explain the tax remittance card, other features and offer the opportunity to earn long-term residual income.

Medical Marijuana, Inc. is developing a suite of solutions to deliver an efficient and secure infrastructure for the Medical Marijuana Industry, providing the tools to effectively manage business with the confidence of full compliance.

Safe Harbor: This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

For further details contact:
Bruce Perlowin - bruce@medicalmarijuaninc.com


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