SOURCE: Medical Marijuana Inc

February 11, 2010 12:26 ET

Medical Marijuana Inc Announces Sale of 1st State License

LOS ANGELES, CA--(Marketwire - February 11, 2010) - Medical Marijuana Inc (PINKSHEETS: MJNA) proudly announced today it has sold its first joint venture interest for the State of Nevada for $100,000. This contract is for the Medical Marijuana Institute of Nevada to be our partner in all events that take place in Nevada. As the state licensee, this contract permits this licensee to set up joint ventures statewide with other participants to promote MJNA educational events. The first Educational Symposium is set for Las Vegas, Nevada on March 20th and 21st. Numerous other events are being planned for cities all over Nevada as city partners joint venturing with the state licensee firm up their city agreements. Tickets can be purchased online at: http://medicalmarijuanainc.com. This indicates significant revenue projections for MJNA in this newly launched division of the company as there are now over 50 inquires for other joint venture partners coming in from all over the country.

Medical Marijuana Inc's Educational Symposiums are a multifaceted approach designed to educate anyone interested in entering this emerging multibillion dollar industry. MJNA also offers Turnkey Management Solutions, as well as ala carte items, such as the sale of products and services that can be resold through partners, including their revolutionary patent pending tax remittance card which can pay taxes on retail sales of medical cannabis on a daily basis creating an economic windfall for city and state governments utilizing this system.

Medical Marijuana Inc's Educational Symposiums provide education on topics that include the history of cannabis, cutting edge cultivation, current laws and ordinances, therapeutic uses, caregiver requirements, establishing dispensaries and operations, and a vast array of business protocols. One can sign up for our upcoming Educational Symposiums via our website: www.medicalmarijuanaeducationalexpo.com.

Bruce Perlowin, CEO of Medical Marijuana Inc, said, "This new business opportunity for the medical marijuana industry has created a huge ground swell of entrepreneurs wanting to get into this area of the industry, as we have now provided a ground breaking income opportunity marketing something more important than medical marijuana itself -- education and information on every aspect of this emerging multibillion industry."

For those interested in entering into a licensing agreement with us, please contact us at centers@medicalmarijuanainc.com, or come to one of our upcoming events to see how they are run and the incredible energy and amazing speakers we feature at these events.

SOLUTIONS

Medical Marijuana Inc has developed a suite of solutions to deliver an efficient and secure infrastructure for the Medical Marijuana Industry which provides the tools to industry operators to effectively manage their business with the confidence they are in full compliance with all local, state and federal laws.

MEDICAL MARIJUANA INC'S TURNKEY COLLECTIVE SOLUTION

Medical Marijuana Inc's Turnkey Collective Solution ensures that collectives operate within the guidelines of all laws and regulations regarding the tracking of the cannabis from grow cycle to final distribution. By employing Medical Marijuana Inc's closed loop tracking system, it can be shown to authorities and collectives alike that the source of their supply was an active member of the collective and complying with all current laws.

TAX COLLECTION

The Stored Value Platform System provides verifiable solutions to manage the difficult task of revenue and taxation collection. The customers of the dispensary are issued a plastic debit card or medical revenue card. The ease of access to certifiably secure transactions lessens the risk of loss at each level of the transaction.

ABOUT MEDICAL MARIJUANA INC

Medical Marijuana Inc recognizes the vast and unequaled opportunities that exist in the rapidly expanding medical marijuana industry. The scientific recognition of cannabis has brought legalized marijuana use to the forefront of mainstream discussion thus opening the door for safe and lucrative investment opportunities.

FORWARD-LOOKING DISCLAIMER

This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Medical Marijuana Inc to be materially different from the statements made herein.