Cannabis Medical Solutions Announces Distribution Agreement for New “Cashless ATM’s” and POS Banking Terminals for Medical Marijuana Dispensaries in 15 States
GlobeNewswire ”Press Releases ”
LOS ANGELES , Oct. 20, 2010 (GLOBE NEWSWIRE) – Cannabis Medical Solutions Inc. (http://www.cannabismedsolutions.com/) (OTCBB:CMSI), a leading company specializing in merchant payment solutions and products for the medical marijuana industry, today announced that the Company has signed an exclusive agreement to provide specialized “cashless ATM’s” and POS banking solutions for medical marijuana dispensaries operating legally within 15 states. The cutting edge “cashless ATM” devices are smaller than a standard cash register and operate on a ticketing system rather than dispensing cash, much like those systems within the casino gaming industry.
The CMSI cashless ATM product will be placed in participating licensed medical marijuana dispensaries throughout the country. Patients will use the company’s pin debit card system on the cashless ATM, requiring the read of the debit or credit card, along with a pin number for added security. Instead of receiving cash for purchases as in a standard ATM transaction,the patient will receive a ticket for the desired amount of cash designated on the pin pad. The patient will then take the receipt to the counter and use the ticket as funds to complete the purchase of medicine or products.Merchants will receive funds within 48 hours from the patient’s card through the CMSI merchant clearing and banking alliance network.
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Sunday, October 24, 2010
Medical Marijuana, Inc. (PINK:MJNA) Stock Pops Up On Industry News
Medical Marijuana, Inc. (PINK:MJNA, MJNA message board) is gaining some ground, as well as many other marijuana related companies, in the light of upcoming voting on the California's Proposition 19, which suggests legalizing the recreational use of the substance.
The voting will take place on November 2 and there are many movements supporting the cause. The recently published letter from an array of prominent law professors, which expressed their support on the matter, is currently the most outstanding news driving all the marijuana related stocks.
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The voting will take place on November 2 and there are many movements supporting the cause. The recently published letter from an array of prominent law professors, which expressed their support on the matter, is currently the most outstanding news driving all the marijuana related stocks.
CLICK TITLE TO SEE FULL STORY...
Saturday, April 10, 2010
Humboldt County afraid of being uprooted from pot perch
A statewide initiative in November would allow cities to regulate pot possession and cultivation. Assemblyman Tom Ammiano (D-San Francisco) has proposed a broader legalization. Neither is certain to pass.
Yet as medical marijuana has spread and city and state budgets are being slashed, legalized marijuana is becoming more possible than ever. That has some people here thinking twice.
Wholesale prices have dropped in the last five years -- from $4,000 a pound to below $3,000 for the best cannabis -- as medical-marijuana dispensaries have attracted a slew of new growers statewide, Humboldt growers say.
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Yet as medical marijuana has spread and city and state budgets are being slashed, legalized marijuana is becoming more possible than ever. That has some people here thinking twice.
Wholesale prices have dropped in the last five years -- from $4,000 a pound to below $3,000 for the best cannabis -- as medical-marijuana dispensaries have attracted a slew of new growers statewide, Humboldt growers say.
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Non-psychoactive cannabis and medically efficacious cannabinoids now available
Lab tested California strains of non-psychoactive cannabis with CBD (Cannabidol) will be unveiled at the 6th Annual National Clinical Conference on Cannabis Therapeutics on Friday, April 16th at 12PM Noon at The Crown Plaza Hotel, 801 Greenwich Avenue, Warwick, Rhode Island.
Recent research has demonstrated that CBD is effective in slowing or reversing a number of different types of cancer; as well as other serious illnesses.
Only within the past year have CBD-rich cannabis varieties been identified, thanks to an analytical chemistry lab that Steve DeAngelo helped launch. He is the owner of Harborside Heath Center.
Ultimately, there will be greater demand for CBD-rich cannabis, than there is for cannabis that just gets you high," predicts DeAngelo. "Only a small percentage of people enjoy the psycho activity of cannabis, but almost everybody can benefit from its medical properties.
Recent research has demonstrated that CBD is effective in slowing or reversing a number of different types of cancer; as well as other serious illnesses.
Only within the past year have CBD-rich cannabis varieties been identified, thanks to an analytical chemistry lab that Steve DeAngelo helped launch. He is the owner of Harborside Heath Center.
Ultimately, there will be greater demand for CBD-rich cannabis, than there is for cannabis that just gets you high," predicts DeAngelo. "Only a small percentage of people enjoy the psycho activity of cannabis, but almost everybody can benefit from its medical properties.
MD Senate Debates Legalizing Medical Marijuana
Annapolis, MD — Legislation to permit marijuana use by people with severe chronic pain sparked heated Senate debate Thursday between a two-time cancer survivor who supports the bill and a physician who fears doctors would “over-prescribe” the illegal drug.
Sen. David R. Brinkley, who survived Hodgkin’s lymphoma in 1989 and melanoma in 1995, said marijuana provides the best and safest relief for people living with constant pain. But Sen. Andrew P. Harris, an anesthesiologist, expressed deep concern that the legislation could be abused by treating physicians or lead unethical doctors to exploit the law by starting a side business of growing marijuana for medicinal use.
The Senate is scheduled to continue its consideration of the measure Friday morning.
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Sen. David R. Brinkley, who survived Hodgkin’s lymphoma in 1989 and melanoma in 1995, said marijuana provides the best and safest relief for people living with constant pain. But Sen. Andrew P. Harris, an anesthesiologist, expressed deep concern that the legislation could be abused by treating physicians or lead unethical doctors to exploit the law by starting a side business of growing marijuana for medicinal use.
The Senate is scheduled to continue its consideration of the measure Friday morning.
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Hawaii kills medical marijuana dispensary measure
HONOLULU (AP) -- A proposal to create medical marijuana dispensaries in Hawaii has gone up in smoke.
The idea is dead because the House Judiciary Committee refused to consider the measure before a legislative deadline Thursday.
Committee Chairman Rep. Jon Riki Karamatsu says he was worried that marijuana dispensaries would fuel illegal sales of the drug. He's also concerned about the state running up against federal drug laws.
Medical marijuana patients argue that Hawaii needs to reform its decade-old law allowing them to smoke and even grow the drug, but prohibiting them from buying it.
The bill passed the Senate and two House committees before stalling.
Medical marijuana dispensaries will likely be considered again during next year's legislative session.
The idea is dead because the House Judiciary Committee refused to consider the measure before a legislative deadline Thursday.
Committee Chairman Rep. Jon Riki Karamatsu says he was worried that marijuana dispensaries would fuel illegal sales of the drug. He's also concerned about the state running up against federal drug laws.
Medical marijuana patients argue that Hawaii needs to reform its decade-old law allowing them to smoke and even grow the drug, but prohibiting them from buying it.
The bill passed the Senate and two House committees before stalling.
Medical marijuana dispensaries will likely be considered again during next year's legislative session.
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