LOS ANGELES, Oct. 29, 2010 (GLOBE NEWSWIRE) -- Cannabis Medical Solutions Inc. ( http://www.cannabismedsolutions.com/ ) (OTCBB:CMSI), a leading company specializing in merchant payment solutions and financial products for the medical marijuana industry, today announced that the Company was featured this week as a top stock pick for investors within the medical marijuana sector by the Denver Examiner and special news report . CMSI has received received recognition for its' proprietary Medipayment ™ solution which allows its strategic partners to provide alternative payment methods to patients, track deliveries, receive payment via card loads through its' proprietary POS system, provide reporting of inventory control, separate tax revenue to state municipalities and aid in the marketing to patient databases.
The Company was a feature topic this week in New York City, at the first Marijuana Conference 2010. The event was promoted as the first non-bias event that covers the Business, Legal, Health and Political issues dealing with legalized medicinal cannabis in the United States. The panel discussed the size of the market, the economics of dispensaries and other businesses, and how entrepreneurs can position themselves for profit as the market expands. Panelists also discuss the possibility of the industry becoming a major mergers and acquisitions opportunity. Film crews from The Discovery Channel, National Geographic and CNBC attended the event, and will be using footage from the event in upcoming documentaries about the industry.
CNBC anchor Trish Regan participated as moderator for panel discussion "Entrepreneurial Vision: The Business of Marijuana." Ms. Regan is the creator and host of the CNBC documentary "Marijuana Inc: Inside America's Pot Industry" and "Marijuana USA" which will premier on December 8th. Her book "Joint Ventures: Inside America's Almost Legal Marijuana Industry" is being released in April 2011. The full article by the reporter for the Denver Examiner may be found here:
About Cannabis Medical Solutions
Cannabis Medical Solutions Inc. (OTCBB:CMSI) ( http://www.cannabismedsolutions.com/ ) has quickly become the most recognized brand and partner in both online and wireless niche merchant payment solutions. The Company offers a full spectrum of secure and reliable transaction processing solutions using traditional, Internet Point-of-Sale (POS), e-commerce and mobile (wireless) terminals in conjunction with Industry Alliance Partners. The Company has recently focused on providing payment solutions to the licensed medical marijuana dispensaries throughout 15 states. In an effort to keep these businesses within the guidelines of CO Amendment 20, SB 109 and HB 1284, CA Proposition 215, SB 420, SB 1449 and Proposition 19. Cannabis Medical Solutions (CMSI) offers reliable merchant payment solutions and closed loop pre-paid stored value and loyalty cards as a unique cash alternative to these regulated dispensaries for both operators and members of collectives. CMSI will seek to capitalize on this presently untapped and much needed solution and presently provides services to multiple locations throughout California, Colorado and Montana.
FORWARD-LOOKING DISCLAIMER
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Cannabis Medical Solutions Inc. to be materially different from the statements made herein.
CONTACT: Cannabis Medical Solutions Inc. Investor Relations: 305-396-9097 800.420.CALL info@cannabismedsolutions.com