Medical Marijuana Inc Secures MOUs With Cannabis Collectives in New Jersey, Colorado, and California

On Tuesday May 19, 2009, 4:20 am EDT


MARINA DEL REY, CA--(MARKET WIRE)--May 19, 2009 -- Medical Marijuana, Inc. (Other OTC:MJNA.PK - News) announces that three more collectives in the states of New Jersey (pending Governor signature), Colorado, and California have signed Memorandums of Understanding over the weekend to use Medical Marijuana, Inc's patent pending, stored value, tax remittance card. Bruce Perlowin, CEO of MJNA says, "Things are going really well. We started the Master Agent program a few weeks ago for our agents to show dispensaries the advantages with using our Stored Value Card. These latest dispensaries that have signed up continue to show the acceptance of our tax remittance program. This shows the power of our Master Agent program as it sweeps the country."

Medical Marijuana Inc is the first public company to recognize the vast and unequaled opportunities that exist in the rapidly expanding Medical Marijuana market. The scientific recognition of marijuana as a powerful medicine has brought marijuana to a new status and opened the door for investment and opportunity. States are increasingly passing legislation favorable to the development of a medical marijuana industry; and this progressive policy comes at the request of thousands of constituents with conditions that could be mitigated by the use of marijuana or its related products and reflects the growing body of valid scientific evidence supporting the use of marijuana as a safe and effective medication. Medical Marijuana Inc is the first company in the United States to enter this industry with the intent to consolidate and develop products and services to satisfy emerging markets. In 2009, 13 states have already legalized the medical use of marijuana by qualified patients. In addition AL, CT, DE, IL, IA, MN, NH, NJ, NY, NC, PA, and TN all have medical marijuana legislation currently under review in their state legislatures. It is the intent of Medical Marijuana Inc to remain a dynamic company and take advantage of new opportunities as they emerge.


For further details contact:
Bruce Perlowin
Email: Email Contact
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