Friday, October 23, 2009

Medical Marijuana Inc Begins Licensing of Its Patent Pending Tax Remittance Technology

MARINA DEL REY, CA--(Marketwire - October 22, 2009) - Medical Marijuana Inc (PINKSHEETS: MJNA) has entered into discussions with a publicly traded coffee distribution company for licensing of its patent pending tax remittance solution. Medical Marijuana Inc's tax remittance technology was originally designed to be industry and product neutral; it can be implemented in any industry. Execution of this agreement will launch phase one of Medical Marijuana Inc's multi-industry implementation strategy.

Once daily tax remittance becomes standard practice in the medical marijuana industry, government officials are likely to have a strong interest in implementing Medical Marijuana Inc's patent pending technology across all industries. The windfall to the government could be enormous, with sales taxes being delivered to government coffers on a daily basis versus the currently accepted practice of submitting taxes every ninety days or more.

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