Seeking Alpha

Medical Marijua...'s  Instablog

Medical Marijuana Inc.
Send Message
Medical Marijuana, Inc. is helping to promote the legalization of medical marijuana and the end of prohibition, by providing a payment system that will satisfy government compliance issues as well as the patients. It is the first company in this industry to go public.
My company:
Medical Marijuana, Inc.
My blog:
Medical Marijuana Industry Solutions
  • Medical Marijuana Inc. in Forbes 0 comments
    Aug 20, 2009 1:42 PM
    In Forbes online, Rachel Ehrenfeld's article about ObamaCare's Medical Marijuana mentions Medical Marijuana Inc.'s payment and tax remittance solution. Here is an excerpt.........

    Since Obama took office, "medical marijuana" dispensary owners in some of the 15 states where it's legal, or tolerated, report requests "climbed sky high." Medical Marijuana, Inc. ( MJNA.PK - news - people ), an Oregon-based company, which has been traded on the Nasdaq since April of 2009, offers solutions for this emerging industry. Its Web site claims that "the number of ailing people turning to medical marijuana to ease their symptoms has spiked in 2009. Requests have jumped anywhere from 50% to 300%."

    A revenue collection system is already in place to ensure the tax revenues for the states that allow "medical marijuana." The system, developed by Medical Marijuana, Inc., boasts, "The Stored Value Platform System, a point-of-sale system, is a hallmark element of Medical Marijuana's business solutions package." The company has already signed on many marijuana collectives, and lobbies heavily to sign on the City of Oakland, Calif., which is the first city in the nation that voted in favor of collecting tax proceeds from marijuana sale, "as part of the solution to Oakland's longstanding budget shortfall."          click the following link to read the full article.........

    http://www.forbes.com/2009/08/13/george-soros-marijuana-legalization-opinions-contributors-rachel-ehrenfeld.html?partner=relatedstoriesbox

    The stock has held steady inspite of some lows. The company has now hired a firm to begin the process of moving it to the OTCBB. I still say this is a good investment (OTCPK:MJNA) as they are still the only ones offering this type of solution. Hard work has brought them a number of new dispensaries to use the system.

    Check out the companies activities on their official website:
    http://medicalmarijuanainc.com/


Back To Medical Marijuana Inc.'s Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.