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Medical Marijuana Inc Boosts Sales With Four New Cannabis Collectives in California
MARINA DEL REY, CA -- -- 01/07/09 – Medical Marijuana, Inc (OTC: MJNA) continues to build market share with the addition of 4 more Cannabis Collectives that plan to use Medical Marijuana, Inc.’s tax remittance card.
Bruce Perlowin, CEO of MJNA says, “The robust structure of our processing platform allows us to build many custom features into our program, which gives the collective owners a variety of options as they customize the program to fit their particular needs”.
Medical Marijuana, Inc. (MMI) 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.
With the expectation of revenue in the 3rd quarter 2009, our business plan is being executed as predicted” says Charles Larsen, President of MMI.
The Ability To Properly Manage Tax Collection
The Stored Value Platform System provides verifiable solutions to manage revenue and tax collection. The “Point of Sale” (POS) system recognizes the dispensary’s tax ID number, state and local tax rates and then provides an “Automated Clearing House” (ACH) settlement of the taxes to the proper financial institutions.
Internal Management
All collectives/dispensaries in the U.S. are cash businesses, which presents various challenges. Customers are issued a MMI debit card or medical revenue card that allows easy access to certifiably secure transactions, and lessens the risk for the dispensary at all levels. It can even monitor multiple locations.
Master Agent Program
MMI daily conference calls begin June 15 for Master Agents. The calls explain the tax remittance card, other features and offer the opportunity to earn long-term residual income.
