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Exclusive: Medical Marijuana Inc - Poacher Turned Gamekeeper

http://pr.cannazine.co.uk : It would be fair to say Bruce Perlowin, CEO of Medical Marijuana Inc, (NASDAQ 'MJNA'), is something of an enigma.

On the one hand the future looks extremely bright for him.

In case you've been living under a rock, Perlowin has recently patented the first medical marijuana tax collection system in the world.

A debit card based concept which deducts a person's state tax liability at source.

Meaning not only is the medical marijuana dispensary owner covering his tail from the unwanted attentions of the federal bullies who are doing everything in their power to curtail the legitimate trade in medical marijuana, but the patient himself can be assured he is buying his medicine from a medical marijuana dispensary which is doing everything in its power to abide by the confusing 'state versus federal' medical marijuana laws which apply in thirteen US states currently, (it could be fourteen states - like I said, its confusing).

Rules and regulations which it seems, are tied up in so much red tape and bureaucracy as to make them unfathomable even to District Attorney's and Senior Court Judges alike.

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Bruce Perlowin, once described as a “nice Jewish boy” from Florida, became nothing less than the West Coast’s marijuana kingpin according to CNBC News, and he slipped the majority of his smuggled pot right under the Golden Gate bridge.
And when you add the fact Perlowins company recently became public stock, which is listed, and trading healthily on the NASDAQ, allied to the fact Medical Marijuana Inc stock is attracting interest from Australia and New Zealand, Europe and Asia, as well as the emerging United States medical marijuana markets, "bright" would be a term which would sum up Bruce Perlowins future quite nicely.

But it hasn't always been this way.

In fact, running a legitimate company involved in the collecting and paying of state taxes couldn't have been further from Perlowins mind back in the 70's and 80's.

1992 was the year Bruce Perlowin was released from serving 8 years of a 15 year federal sentence, after he pleaded guilty on charges of racketeering, smuggling, currency violations, income-tax evasion, conspiracy and other related counts.

Perlowins pot-smuggling operation was a little more than selling a few dime bags to fund his own marijuana use.

When he appeared in court to answer his charges he readily admitted to running an operation that used a flotilla of 90 boats and ships to haul 500,000 pounds of marijuana from Columbia, into California between 1974 and 1983.

Gross sales totalled half a billion dollars.

He also explained to the courts how he went about hiring a research firm in Berkeley to study how other major drug dealers had operated, "finding out what mistakes they had made," and seeking out the weak spots in law enforcement so he could set up his own counterintelligence system.

If that wasn't hi-tech enough, he operated his own hilltop surveillance center which overlooked San Francisco Bay, crammed with sophisticated electronic gear used to monitor the FBI, Coast Guard, Drug Enforcement Administration, customs agents and police.

Making sure he stayed one step ahead of the game.

Transhipping consignments of marijuana which weighed in the "ton's" bracket was always going to be a security issue, so Perlowin bought a 1000 foot pier in San Fransisco Bay, which was ideally situated in the radar shadow of the Richmond Bridge. He operated the pier under the "front" of running a bona-fide boat-building company.

Transport planes were acquired to fly potent Punta Roja marijuana from the interior of Colombia to the coast, where it was loaded on boats recruited from the financially troubled Northern California fishing fleet.

Larger craft, like a 125-foot tug and an 85-foot minesweeper, stood by to assist in case of a breakdown on the 4,500-mile voyage to his dock in San Francisco Bay.

Perlowin said that by spring in 1983, his personal profit had totaled more than $30 million.

A little under three years after federal agents closed down his marijuana operation in 1983, Perlowin told The Los Angeles Times in an interview he gave from his prison cell, that he had been "the biggest in California. One of the biggest anywhere in fact. No one else came close to the scale we were operating on" he said.

Federal officials would not dispute any of what Bruce Perlowin says.

"He's for real," Assistant U.S. Atty. James Lassart, head of the drug task force in San Francisco, said at the time.

"When you meet him, you could be forgiven for thinking he's a little eccentric. Kind of flaky. But you do so at your peril.

After you get to know him, you realize what he says is true. We corroborated every detail."

And attention to detail is exactly whats needed to run any sort of successful enterprise, legitimate or otherwise.

According to a magazine article subsequently published about Perlowin's operation his organizational skills were explained as being "mythical - his management skills formidable, and his attention to the finest detail was legendary".

All of the qualities needed to take an idea from a simple visualization, and from it, create a public company which has since successfully floated on the stock markets.

In our next installment we'll hear how Bruce Perlowin's 8 year stretch stood this poacher in good stead to go on and apply for the gamekeepers job.

CannaZine Cannabis News
http://cannazine.co.uk

RELATED
Medical Marijuana Inc.Industry Special on The John Doe Radio show
Medical Marijuana Inc Patents Solution to a Taxing Problem

Comments
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potprofits - Investor/Trader/Educator     | 76.16.189.xxx | 2009-05-03 16:56:16
I have been following Medical Marijuana, Inc. since they first announced the new company. I believe this will be a legendary stock story(MJNA)that will be told for years from generation to generation. I am long MJNA and I am now in the process of starting a business related to the Medical Marijuana field.

PP
FlowerChild   | 12.199.44.xxx | 2009-05-03 21:37:05
Well written article. Bruce has a brilliant mind, he always has. I've known Bruce for 40 years, in fact, I was married to him. I knew one day he would find a niche that would profit greatly from his profound business sense. He works hard and puts his whole efforts in 24/7. I wish him much success and believe his solution for the state tax liability problem that medical marijuana dispensary owner's have had to deal with is no less than brilliant and extraordinary.
RJM - LONG and STRONG   | 205.188.116.xxx | 2009-05-04 00:35:45
Bruce... What an incredible opportunity you've brought to the world. You are incredible human being and I feel lucky to be apart of this once in a lifetime opportunity. We will take the world by storm... Strap in! Im holding long and strong.
Micropyle   | 69.171.162.xxx | 2009-05-04 02:49:25
When the Mayor of Eugene, Oregon, USA takes a stand and speaks out for Medical Marijuana prescription holders rights, it sends a strong signal. Everyone supporting unconditional legalization of Medical Marijuana should show their support by investing in the first public company in the Medical Marijuana field. I did!
Eddie Bergman - My cousin Bruce...     | 97.117.166.xxx | 2009-05-04 18:07:51
I've known Bruce all my life... I am 51. He was a very cool person when he was a teen, and he is even cooler now!

Positive Vibes always!
Eddie
Ron Paul Fan   | 216.17.247.xxx | 2009-05-04 19:12:08
MJNA - Buy Now!
Herbi - The Times They Are A Changin'   | 70.173.164.xxx | 2009-05-04 21:17:34
Brilliant idea Bruce. To patent the financial system for compliance issues.
This will be a huge industry. Why not? it is a lot cleaner and greener than the other "Bail-out" solutions!
Frankie - Brave New World     | 71.146.20.xxx | 2009-05-04 21:35:01
I have known Bruce for 20 years and one thing I know about him is he is a go getter!!! Once he sets his sights on something he is relentless I am more than confident that this new company with Bruce at the helm will swore to new levels!!! :woohoo:
jj   | 166.204.154.xxx | 2009-05-04 23:21:18
MMI addresses important issues relating to the emerging cannabis industry worldwide. Bruce's unflappable and unstoppable energy leads the MMI charge. As we innovate useful and convenient aspects of tax remittance, quality control, and fund raising for the global cannabis community, MMI will maintain our public company leadership as we support compassionate medicinal availability of cannabis, as well as educational outreach to those long misinformed by ignorant propaganda and narrow self interests. For tens of millions of those concerned with the cannabis issue, whether medicinal or otherwise, we offer an unparalleled opportunity to participate through ownership of public stock in this worthy and evolving cause.

Having set the first US Federal legal precedent for decriminalization of cannabis 40 years ago, I can assure those unaware of the sacrifices and efforts of so many to arrive at this watershed moment, NOW is the time for those of good conscience to step forward and stand with f...
Jake Woodruff - Hit the nail on the head.   | 90.206.4.xxx | 2009-05-05 19:49:55
I think this company has hit the nail on the head. However, there are still conflicts between state and federal laws reguarding all aspects of marijuana. Once these are cleared up, I think it would better expidite legalization in the rest of the states. Support NORML.
calboneo   | 76.110.31.xxx | 2009-05-08 16:20:59
I've known Bruce since he was a teenager. He's an extraordinary person who has maintained a positive social and spiritual perspective through all his adventures. I'm very excited about this new Medical Marijuana Inc venture and am now a stockholder.
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