SOURCE: Club Vivanet, Inc.

April 16, 2009 09:00 ET

Medical Marijuana, Inc Provides a "Show Your Intent to Comply" Solution for Medical Marijuana Dispensaries and Cannabis Collectives

MARINA DEL REY, CA--(Marketwire - April 16, 2009) - Medical Marijuana, Inc, formerly Club Vivanet (PINKSHEETS: CVIV), announces the start of our national marketing effort to offer a solution for tax collection and payment to various Medical Marijuana dispensaries and collectives. Our initial efforts are mostly in California, but we are now signing Master Agent Agreements throughout the US in preparation for the movement.

Tax Remittance

One of the larger challenges facing dispensary/collective operators today is tax collection and payment. There is a constant assault on dispensaries regarding the State getting its proper tax on sales of medical marijuana.

A solution for this is now available with "Medical Marijuana, Inc" using a "Stored Value Card." This card is issued and loaded at the dispensary, or collective. The customer uses the card for all their purchases. At the point of sale, when the card is either swiped or entered into the computer, all the taxes are accounted for, separated, and placed into the dispensary/collective's sales tax bank account. At the end of the month, or quarter, they write a check from this bank account to the tax authorities. Simple, fast and complete. At this point, they are showing a major voluntary position of intent regarding tax collection and payment.

This system will also significantly aid the dispensary/collective owner with the accounting challenges they currently face with cash transactions. This will reduce some of the major headaches they face internally as well as satisfy the government that they are in compliance.

Medical marijuana requests climb sky high.

Dispensary owners report 50 to 300 percent rise since Obama took office.

The number of ailing people turning to medical marijuana to ease their symptoms has spiked this year, say dispensary owners in some of the 13 states where it's legal.

Requests have jumped anywhere from 50 to 300 percent, they say, since President Barack Obama took office and signaled that he won't use federal marijuana laws to override state laws as the Bush administration did. Others say the economic downturn may also be responsible as more people without insurance are seeking alternatives to costly medications.

In the past few months, marijuana co-ops, clubs, businesses and even lawyers who have advocated for looser Marijuana regulations say they've been inundated with requests for information and certifications that permit people to use marijuana for medical purposes.

About the Company

Medical Marijuana, Inc (currently undergoing a 1=10 forward split and symbol change to reflect its new name in the stock market) is positioned to take advantage of opportunities as they appear in the emerging legal medical marijuana industry through an enhanced payment gateway introducing verifiable levels of enhanced security. A trend is in place that clearly indicates medical marijuana is quickly becoming a legal enterprise in need of various solutions in numerous areas.

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