MEDICAL MARIJUANA INC. SIGNS AGREEMENTS WITH ADDITIONAL COLLECTIVES IN NORTHERN CALIFORNIA; INVITES CITY OF OAKLAND TO LEARN ABOUT COMPANY’S COST-EFFECTIVE TAX COLLECTION SYSTEM
MARINA DEL REY, CA – (Marketwire – AUGUST 11, 2009) — Medical Marijuana, Inc. (OTC: MJNA) announced today that MOU agreements are now in place with an additional four medical marijuana collectives from different counties in the Northern California region. All four collectives have signed on to implement MJNA’s Stored Value Platform System in their respective businesses.
The Stored Value Platform System, a Point-of-Sale system, is a hallmark element of Medical Marijuana’s business solutions package. This stored value-based system, once in place, helps businesses that are dispensing medical marijuana more efficiently and securely manage the tasks of revenue and taxation collection. The ease of access to certifiably secure transactions lessens the risk of loss at each level. Both provider and patient benefit greatly from this revolutionary program designed by MJNA.