SOURCE: Medical Marijuana Inc

January 26, 2010 07:20 ET

Medical Marijuana Inc Announces Revenue Growth

LOS ANGELES, CA--(Marketwire - January 26, 2010) - Medical Marijuana Inc (PINKSHEETS: MJNA) announced today they are on track with the execution of their business plan to expand the Medical Marijuana Educational Seminar Series across America in numerous states where licensees have applied.

Bruce Perlowin, CEO of Medical Marijuana Inc, said, "The successful launch of our National Rollout at the Los Angeles Convention Center shows the desire of people across America and from around the world to be part of this developing industry." Attendees were present from 12 US states and 3 countries. 35 of those present, and many more since, requested licensing agreements to be our seminar partners in their states. Results from those requests will soon be announced. This is a significant revenue generating engine for MJNA as each licensee contributes not only their time and funding costs, but also 40% of ticket sales and payment of an initial fee directly to MJNA based on population in their areas, with the MJNA partner earning 60% of the ticket sales. Licensing fees are more fully explained on the MJNA web site.

MJNA's first collectible tax remittance card (which will be used in collectives in February) was given to each attendee at the Los Angeles seminar.

MJNA business protocol modules include Marketing, Accounting and Tax Compliance. Other modules include California Laws and Ordinances, Trademarks and Patents, with special attention given to compliance issues related to extended Caregiver and Co-Op models. How-to instructions from some of the best Cannabis growers, use of Cannabis in the kitchens, legal experts, journalists and business professionals have enabled an unprecedented course of informational dialogue to move forward.


Our Educational Symposium Series provides insight for anyone interested in entering the emerging Medical Marijuana industry. Lectures are provided by eminent leaders in the legal, business, and agricultural sectors. The next Medical Marijuana Seminar is scheduled for Feb. 27th and 28th in the beautiful city of Las Vegas, Nevada. Tickets for this event are available at


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.


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.


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.


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.


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.