Medical Marijuana, Inc. Completes Custom Programming and Prepares for California Rollout of Its Tax Compliance System

MARINA DEL REY, CA, Oct 08 (MARKET WIRE) --
Medical Marijuana, Inc. (PINKSHEETS: MJNA) continues to execute its
business plan with the next step of their Tax Compliance System now in
place. MJNA now has over 30 collectives in 3 states and Canada signed on
to use this tax system. These collectives are showing their intent to
comply with proper business systems regarding tax remittance to the
proper agencies. This puts these collectives in compliance with one of
the most crucial aspects of Medical Marijuana and its proper
distribution. Charles Larsen, President of MJNA, says, "With our fully
scalable, robust processing platform, we are able to meet the most
stringent requirements of any Government agencies requesting our system
for their municipalities."

Medical Marijuana, Inc. 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.

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
customers of the dispensary are issued a plastic debit card or medical
revenue card. The ease of access to certifiably secure transactions
lessens the risk of loss at each level of the transaction.

Internal Management

All collectives/dispensaries in the U.S. are cash businesses. This
presents a number of challenges. Dispensary owners risk employee theft
and possible competition for sales with unsupervised employees. Our
stored value card also eliminates the risks of carrying cash. For the
investor looking to open more than one dispensary, this card allows him
the ease of mind of knowing all transactions are accounted for in all of
his locations.

Solutions

Medical Marijuana, Inc. is developing 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.

For further details on Medical Marijuana, Inc. contact:
Email Contact
www.medicalmarijuanainc.com

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