SOURCE: Medical Marijuana Inc

June 20, 2011 08:30 ET

Medical Marijuana Inc to Acquire Multiple Patient Recommendation Clinics Throughout the USA

SAN DIEGO, CA--(Marketwire - Jun 20, 2011) - Medical Marijuana Inc (PINKSHEETS: MJNA) and CannaBANK™ are proud to announce a Memorandum of Understanding to acquire a 50% stake in one of the largest patient recommendation sources in the country. Patient Recommendation Clinics presently service over 45,000 patients. Statistics show that more than 20 million people have a qualifying condition recognized by their state to use medical marijuana, and the doctors and staff at these Healing Center Medical Clinics is poised to take advantage of the increasing interest in herbal remedies and medical marijuana in particular. In the 16 medical marijuana friendly states (and the District of Columbia), as many as 5% of all physicians recognize marijuana's value and recommend medical marijuana for their patients. More information is available at: http://www.medicalmarijuana.com/Medical_Marijuana_Recommendation_Qualifying_Condition.htm

According to the www.Seechangestrategy.com report, there are 24.8 million potential medical marijuana patients in the United States today. This number reflects the number of Americans with qualifying ailments who currently live in a "legal state." http://www.msnbc.msn.com/id/42237531/ns/business-small_business/t/medical-marijuana-becoming-blockbuster-drug/

ABOUT MEDICAL MARIJUANA INC

Our mission is to be the world's premier cannabis and hemp industry innovators, leveraging our team of professionals to source, evaluate, invest in and purchase value-added sustainable companies, while allowing them to keep their integrity and entrepreneurial spirit. We strive to create awareness within our industry, pay homage to the visionaries and activists of the past and present, provide the platform from which the industry can emerge into a global sustainable economy for all. Medical Marijuana Inc recognizes the vast and unequaled opportunities that exist in the rapidly expanding hemp and medical marijuana industries. 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.
www.medicalmarijuanainc.com

ABOUT CANNABANK

CannaBANK's mission is to help create a sustainable economy which in turn helps create a sustainable planet offering health and economic freedom through education and awareness.

CannaBANK™ and the CannaBANK™ logo are registered trademarks of Hemp Deposit & Distribution Corp. (HDDC), d/b/a CannaBANK, Inc. in the U.S. and certain other countries. All other trademarks mentioned in this document are the property of their respective owners. The use of the word "partner" does not imply a partner relationship between CannaBANK and any other company.

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.