SOURCE: Worlds Online Inc.

Worlds Online Inc.

Worlds Online Inc.

November 04, 2014 07:00 ET

MariMed Advisors, DispensaryPermits.com Help Secure Nevada Medical Marijuana Provisional Permits

Nevada Awards 66 Medical Marijuana Dispensary, Cultivation, Production and Laboratory Provisional Permits

LAS VEGAS, NV and BOSTON, MA--(Marketwired - Nov 4, 2014) - Worlds Online (OTCQB: WORX) subsidiary MariMed Advisors, Inc. and DispensaryPermits.com were instrumental in helping clients capture highly coveted provisional medical marijuana cultivation and production permits awarded by the State of Nevada on Monday, Nov. 2. The Nevada provisional permits continue MariMed and DispensaryPermits.com's track record of success in securing medical marijuana permits.
Washoe County-based CannaVative Group, LLC received both cultivation and production provisional permits.

"We are excited and honored to be given this opportunity to advance the medical marijuana industry in Northern Nevada," noted Joey Gilbert, Esq., V.P. Strategy & Government Affairs, The CannaVative Group, LLC. "We are looking forward to working with the City of Reno, Washoe County, the State of Nevada and the MariMed and DispensaryPermits team to create one of the best medical marijuana programs in the country that will provide safe medical marijuana to the patients who truly need it."

The receipt of the provisional permits culminates an intensive five-month permit application process requiring submission of extensive security, design, financial, systems and reporting, cultivation, packaging, marketing and ongoing operations plans and background checks.

"These permits are the first step in opening the doors to patients for safe, regulated access to medical cannabis within Nevada," explained Sara Gulickson, DispensaryPermits.com Executive Director. "The breadth and depth of the MariMed Advisors and DispensaryPermits.com teams' expertise in all medical marijuana areas was vital to the success of the applications."

The provisional permit recipients now have 18 months to comply with all local government requirements and earn a business license. The State of Nevada will then make a final decision on certification.

Gulickson added, "It is a real thrill to help our clients move their vision past this critical juncture and plan the next steps to bring it closer to realization."

In the coming weeks, MariMed Advisors and DispensaryPermits.com anticipate successfully securing medical marijuana permits for clients in Illinois and Minnesota.

"The Illinois medical marijuana application process was one of the strictest we've seen, but we anticipate the hard work will pay off when permits are awarded in December," projected Robert Fireman, CEO MariMed Advisors.

Fast facts for Medical Marijuana in Nevada:

  • Nevada will regulate up to 66 medical marijuana dispensaries cultivators, product manufacturers, and testing laboratories.
  • Marijuana sales are poised to grow to $2.34 billion in 2014 and bloom into a $10.2 billion market by 2018. Source: ArcView Market Research in Fast Company
  • ArcView Group predicts 14 additional states will legalize adult use of cannabis and two more states will legalize medical use by 2018. Source: Fast Company

About MariMed Advisors
MariMed Advisors, a wholly owned subsidiary of Worlds Online, Inc. (OTCQB: WORX), is a national leader in securing medical marijuana licenses and the development of first class medical marijuana dispensaries, laboratories, cultivation and MIPS production centers to deliver safe quality medicines to patients in need. MariMed Advisors' established legal and regulatory compliance capabilities and proven operating systems have become a model for excellence across the entire spectrum of medical marijuana consulting -- from license application to sale. For further information visit www.MariMedAdvisors.com.

About DispensaryPermits.com
DispensaryPermits.com offers custom crafted 'seed to sale' consulting services with hands on support for novice to experienced medical marijuana entrepreneurs for successfully owning or operating dispensary, cultivation, manufacturing or testing sites. As one of the longest standing medical marijuana-consulting firms, DispensaryPermits has developed strategies to guide clients through state-regulated medical marijuana merit-based processes and has a coveted 100% success rate on permit applications and post-permit support.

About Worlds Online Inc.:
Worlds Online is a holding company for medical marijuana consulting and other services, and a 3-D social network technology platform focusing on the development of virtual worlds, establishing strategic partnerships and pursuing synergistic next gen social network technology acquisitions related to online virtual world properties, technology platforms or development of mobile content, casual games, virtual currency/ micro transactions, online advertising and e-learning. For more information visit www.worldsonline.com.

Forward Looking Statements:
This release contains certain forward-looking statements and information relating to Worlds Online Inc. that is based on the beliefs of Worlds Online management, as well as assumptions made by and information currently available to the Company. Such statements reflect the current views of the Company with respect to future events including estimates and projections about its business based on certain assumptions of its management, including those described in this Release. These statements are not guarantees of future performance and involve risk and uncertainties that are difficult to predict, including, among other factors, changes in demand for the Company's services and products, changes in the economic environment and changes in technology. Additional risk factors are included in the Company's public filings with the SEC. Should one or more of these underlying assumptions prove incorrect, actual results may vary materially from those described herein as "hoped," "anticipated," "believed," "planned, "estimated," "preparing," "potential," "expected" or words of a similar nature. The Company does not intend to update these forward-looking statements. None of the content of any of the websites of any other party referred to herein (even if a link is provided for your convenience) is incorporated into this release and the Company assumes no responsibility for any of such content.

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