Medical Marijuana purchases 20 acres of prime mountain valley property in Southern California

Dec 14 2009

Medical Marijuana, Inc. (PINKSHEETS: MJNA) announces today the purchase of 20 acres of prime mountain valley property in Southern California intended to be used within strict governmental guidelines as a research facility targeting medical Cannabis strains specific to a wide range of medical conditions.

Today in California, a physician's medical cannabis recommendation is based on a patient's evaluation. However, the strain of medical Cannabis to be recommended, dosage and delivery methods must be refined and re-evaluated.

Many medical conditions are accepted by government as medical marijuana treatable. By diligently developing the most efficacious strains and matching those strains to ailments, MJNA will be poised as the industry leader in medical cannabis genetic research.

Solutions

Medical Marijuana, Inc. has developed a suite of solutions to deliver an efficient and secure infrastructure for the Medical Marijuana Industry that will provide the tools to industry operators to effectively manage their businesses with the confidence that they are in full compliance.

Medical Marijuana, Inc.'s Turnkey Collective Solution ensures that collectives operate within the guidelines of all laws and regulations. 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. Medical Marijuana, Inc.'s Regulatory Module provides officials with a comprehensive reporting tool that allows them to remotely audit the industry in real time to ensure regulations are being properly followed. Further, the POS system automatically recognizes the collective's tax ID number, state and local tax rates and then provides Automated Clearing House settlement of the taxes and routes the amount to the State's appointed financial institution.

Tax Collection

The Stored Value Platform System will provide verifiable solutions to manage the difficult task of revenue and taxation collection. The "Point of Sale" (POS) system will recognize the dispensary's tax ID number, state and local tax rates and then provide "Automated Clearing House" (ACH) settlement of the taxes to the proper financial institutions. The ease of access to certifiably secure transactions lessens the risk of loss at each level of the transaction.