Thursday, April 30, 2009
OAKLAND, Calif. -- Leaders of this economically hard-hit city are proposing to tax medical marijuana as a way to help close a record budget shortfall.
Oakland's City Council last week approved a 1.8% tax on medicinal marijuana sold in the city. If voters pass the proposal in a July election, Oakland would become the nation's first city to directly tax the drug, medical-marijuana advocates say.
Wednesday, April 29, 2009
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Tuesday, April 28, 2009
Search for MJNA.PK
Monday, April 27, 2009
Medical Marijuana, Inc. (OTC: CVIV) to Begin Trading Tomorrow Post 10-for-1 Forward Split Under New Symbol MJNA
The company also announced that the payment for spin-off of two of its subsidiaries, Club Vivanet Inc. (Florida) and MyNewPedia Corp (Colorado), share for share is today, April 27, 2009 based on a record date of April 13, 2009.
About the Company
Medical Marijuana, Inc. is positioned to take advantage of opportunities as they appear in the emerging legal medical marijuana industry through an enhanced payment gateway introducing verifiable levels of enhanced security. A trend is in place that clearly indicates medical marijuana is quickly becoming a legal enterprise in need of various solutions in numerous areas.
Friday, April 24, 2009
Tuesday, April 21, 2009
Monday, April 20, 2009
One of the larger challenges facing dispensary/collective operators today is tax collection and payment. There is a constant assault on dispensaries regarding the State getting its proper tax on sales of medical marijuana.
A solution for this is now available with "Medical Marijuana, Inc" using a "Stored Value Card." This card is issued and loaded at the dispensary, or collective. The customer uses the card for all their purchases. At the point of sale, when the card is either swiped or entered into the computer, all the taxes are accounted for, separated, and placed into the dispensary/collective's sales tax bank account. At the end of the month, or quarter, they write a check from this bank account to the tax authorities. Simple, fast and complete. At this point, they are showing a major voluntary position of intent regarding tax collection and payment.
This system will also significantly aid the dispensary/collective owner with the accounting challenges they currently face with cash transactions. This will reduce some of the major headaches they face internally as well as satisfy the government that they are in compliance.
Medical marijuana requests climb sky high.
Dispensary owners report 50 to 300 percent rise since Obama took office.
The number of ailing people turning to medical marijuana to ease their symptoms has spiked this year, say dispensary owners in some of the 13 states where it's legal.
Requests have jumped anywhere from 50 to 300 percent, they say, since President Barack Obama took office and signaled that he won't use federal marijuana laws to override state laws as the Bush administration did. Others say the economic downturn may also be responsible as more people without insurance are seeking alternatives to costly medications.
In the past few months, marijuana co-ops, clubs, businesses and even lawyers who have advocated for looser Marijuana regulations say they've been inundated with requests for information and certifications that permit people to use marijuana for medical purposes.
About the Company
Medical Marijuana, Inc (currently undergoing a 1=10 forward split and symbol change to reflect its new name in the stock market) is positioned to take advantage of opportunities as they appear in the emerging legal medical marijuana industry through an enhanced payment gateway introducing verifiable levels of enhanced security. A trend is in place that clearly indicates medical marijuana is quickly becoming a legal enterprise in need of various solutions in numerous areas.
Friday, April 3, 2009
Medical Marijuana, Inc. Formerly Club Vivanet (OTC: CVIV) Files Patent Application to Satisfy Governmental and Medical Marijuana Dispensary Needs
Using this new invention, the "Point of Sale" System will recognize the dispensary's tax ID number and the tax rates for state and local taxes as well as provide "Automated Clearing House" (ACH) settlement of the taxes to the proper financial institutions. The state sales tax amount is sent to a database and at the end of the day all money in the sales tax database is cleared and posted through an "Automated Clearing House" (ACH) to the state and other appropriate governmental agencies for that day's collected sales tax. The remaining funds are sent to the dispensary's account or other designations.
The Company proudly introduces a Stored Value Platform System with a full slate of inter-active Financial Services made readily available through a patent pending delivery system, a Stored Value Debit Card.
This Stored Value Platform System will provide verifiable solutions for an inter-agency approach to manage the difficult task of Revenue and Taxation Collection for the Emerging Medical Marijuana Industry.
Taxability of Medical Marijuana Transactions
In February 2007, the California State Board of Equalization (BOE) issued a Special Notice confirming its policy of taxing medical marijuana transactions, as well as its requirement that businesses engaging in such transactions hold a Seller's Permit. According to the Notice, having a Seller's Permit does not allow individuals to make unlawful sales, but instead merely provides a way to remit any sales and use taxes due. BOE further clarified its policy in a June 2007 Special Notice that addressed several frequently asked questions concerning taxation of medical marijuana transactions.
About the Company
Medical Marijuana, Inc. (currently undergoing a 1=10 forward split and symbol change to reflect its new name in the stock market) is positioned to take advantage of opportunities as they appear in the emerging legal medical marijuana industry through an enhanced payment gateway introducing verifiable levels of enhanced security. A trend is in place that clearly indicates medical marijuana is quickly becoming a legal enterprise in need of various solutions in numerous areas.
Plastic debit cards or medical revenue cards are supplied to the Medical Marijuana Dispensary (or Collective/Co-op as they are legally designated in California). The customers of the dispensary are issued the closed loop "Stored Value Card" (SVC). This "Stored Value Card" (SVC) is loaded for the customer by tendering cash to the Dispensary clerk. The Dispensary clerk will load up the new card for the customer using the "Point of Sale" (POS) System which will also recognize the dispensary location, as well as tax rates for the appropriate government agencies.
Having a secure platform for the full service engagement of all financial services directly accessed through on integrated system, allows for a much more secure and confident transaction between customer, vendor and supplier.
The ease of access to certifiably secure transactions lessens the risk of loss at each level of the transaction. Users are empowered, operators are empowered and Government Agencies are more confident in assuring their collection of taxes and fees while secure in the function of financial interactions.
Operators have the benefit of establishing deeper and more meaningful relationships with their customer base. As such, the operators' ability to enhance their revenue generating capabilities is much greater with the full access to the suite of financial services provided by our vast networked platform. This enables full creative expansion within any sector to a retail operator of which these facilities may choose to engage.
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Wednesday, April 1, 2009
There are so many articles out there that prove this "plant" has more positive properties than negative ones. The only thing we have to do now is to get those conservative minds to accept it. It is always hard to admit you are wrong, especially when you have been at WAR with what you thought were drugs. Think again. Marijuana is not a drug, it is a medicinal plant. I can not find or think of one instance where someone reported a marijuana overdose. At worse case scenario, you smoke yourself into a stupor and don't want to get up. But if moderation is applied, it can be a very creative experience.
Just think of all the products that could be made from legal marijuana crops. Fabric, paper, oil, and many many other "cash" crop products. Of course this would mean that taxes would be applied, but I would rather pay taxes than fines.
I heard on a video today that the government could gain over $17Bil by legalizing marijuana. That should bail out somebody. It is legal in Holland and they have no more crime that when it was not legal.
Medical Marijuana, Inc. is the first company in the medical marijuana business to enter the public stock market in US history. Their stock went from 25 cents to 90 cents the day they made the name change. I believe that buying stock in that company is a vote for the legalization of medical marijuana.
The current symbol is CVIV (until NASDAQ issues them their new symbol in about a week). Here is a link to a press release: http://finance.yahoo.com/news/Medical-Marijuana-Inc-iw-14803024.html
The shares are scheduled for a share split. Anyone who buys shares in Medical Marijuana, Inc. (by buying under the symbol CVIV.pk from their stock broker) will have the benefit of a 10 to 1 share split as soon the “powers that be” give the green light. (pretty nice) It should be sometime this month.
If you're interested contact your stock broker. If enough people buy stock - we can monetize the American public’s desire to legalize medical marijuana and cause a "tipping point" to end the silly and illogical prohibition on medical marijuana. Please spread the word.