Medical Marijuana, Inc Files Provisional Patent Application for Inventory Distribution and Accounting Solution

Medical Marijuana, Inc (PINKSHEETS: MJNA) announced today that it filed a provisional patent application for its newest invention that delivers an inventory management, supply chain infrastructure and accounting solution to the medical marijuana industry.

Using this improved inventory management, distribution and accounting system, Cannabis Co-Op/Collectives, Distributors and Grow-Ops can accurately track the quantity and value of their inventory at any point in time and adjust their inventory valuation criteria accordingly. The system is based on a "plug-n-play" design that allows a variety of entities and components to "plug in."

All shipments are tracked via GPS allowing interested and authorized parties to monitor their shipments at any point and time in the supply chain.

Inventory is scanned using a barcode system that produces a highly secure "closed loop" audit trail from the grower to the patient. This feature is attractive to regulators who wish to ensure compliance by all participants in the industry.

Third Party Service Providers such as testing facilities can plug into the supply chain between the Grow-Op and Co-Op/Collective.

Charlie Larsen, President of MJNA, says, "This secure platform will provide industry operators with tools to efficiently purchase, trade, track and value their inventory at any point along the supply chain. This online interconnected distribution network will give all industry participants the ability to more effectively manage their operations and ensure that they are always in full compliance with regulators."

The MJNA Accounting Inventory Management System and Supply Chain Network provides a Straight Through Processing (STP) environment that will minimize fraud and illicit activities by providing a closed loop audit trail that will identify any and all breaks in the audit trail.

Study of 4000 indicates marijuana discourages use of hard drugs

A ground-breaking study of 4117 marijuana smokers in California1 reveals that the ‘Gateway Theory’ probably had it backwards. Instead of enticing young people to use other drugs, this study suggests that marijuana may have the opposite effect.

This first-ever clinical examination of a large number of medical marijuana applicants depicts a population that is remarkably normal. The percentages earning bachelors’ degrees and doctorates are nearly identical to the national numbers. They are, in the main, productive citizens with jobs, homes and families who smoke marijuana weekly or daily – and have in some cases for decades.

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Ron Paul on the Legalization of Hemp and Marijuana

Ron Paul talks with Air America’s Richard Greene about the legalization of hemp and marijuana. Click on the title to hear the interview.....

A marijuana tax as the next new revenue stream?

Polls suggest increased support for decriminalizing and taxing the drug, but policy may not change soon. Check out the story by clicking on the title.

The Truth About Medical Marijuana

A panel of legal and medical experts join author Ed Rosenthal in a discussion on the impact of state laws allowing medical marijuana versus federal efforts to override all decriminalization statutes in this forum sponsored by the Independent Institute, Harper's Magazine and the Goldman School of Public Policy at UC Berkeley.
Series: "Richard and Rhoda Goldman School of Public Policy at UC Berkeley" [3/2004] [Public Affairs] [Health and Medicine] [Show ID: 8463]

See the video here: http://www.youtube.com/watch?v=9Of6PCVk9qA

"History of Weed" Video from Showtime "Weeds" Program

A precisely two minute YouTube ad for the Showtime program "Weeds" offers "A Brief History of Weed." The video begins with medical marijuana use documented in China in 2727 BC -- about 2,300 years too early for the Buddha image they use to represent it, but that's nitpicking. Flamethrower imagery at 1:06, representing the beginning of federal marijuana prohibition, is very effective, and post-Prop. 215 marijuana storefront footage is downright exciting. Check it out -- check out the Weeds season premiere on June 8th too. (Via The Daily Dish blog's "Cool Ad Watch.")

Minn. Gov. Vetoes Medical Mariuana for Terminally Ill

Gov. Tim Pawlenty vetoed an emotionally charged proposal late Friday to allow terminally ill patients to use marijuana for medical purposes, but signed into law a plan to disburse hundreds of millions of dollars from the Legacy Amendment passed by Minnesotans last year.

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Entrepreneurs blazing trail with medicinal marijuana

In the infant business of medical marijuana, the sweet smell is spreading. Success, however, remains elusive.

More than a dozen states have approved the use of pot with a prescription, and similar legislation is under review by the Illinois General Assembly, where the state Senate voted Wednesday to approve a measure. Although the federal government outlaws the cultivation, possession and sale of the drug, it has indicated that state rules will prevail.

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Medical Marijuana Inc. - Taking the First Step in Med MJ Business Consolidation

Medical Marijuana, Inc (OTC: MJNA) is happy to announce that it has signed the first Memorandum of Understanding with a marijuana collective in Southern California to use Medical Marijuana, Inc’s patent pending, stored value, tax remittance card. Bruce Perlowin, CEO of MJNA says, “This is just the beginning of a massive marketing program to educate the dispensary owners to the benefits of this program. There are close to 1000 dispensaries in California today that our Master Agents have begun contacting regarding utilizing our card. With 14 states now going through a process to permit medical marijuana in their state, MJNA is set to capture a good piece of this market as states continue to permit medical marijuana. With revenue in the 4% area, and with the average dispensary doing 1 million dollars a year in sales, we project substantial earnings”.

This follows our business plan which includes the Stored Value Card for tax remittance, a merchandising division to promote many of the cannabis related products, clothing lines, distribution, and the testing platform which we hope will standardize the industry with quality control.