LOS ANGELES, Feb. 22, 2011 (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 and health care industries, today announced an agreement for the development of a biometrics kiosk terminal in which medical marijuana patients in all approved states can register, order, pay and receive medication from the licensed dispensary.
The addition of the new biometrics kiosk and payment system is to be manufactured by one of the largest medical self service kiosk providers in the United States. The patient will register at the terminal one time only. After the initial registration, the patient, once identity is verified through a finger scan, may access the kiosk library of all medicine and strains available at the dispensary location. Once the desired medication is selected, the patient chooses the amount, payment method and will receive a bio-thermal label and receipt to seal the medicine with his patient ID. Actual medicine is dispensed by the caregiver behind the wellness counter.
"We expect to be deploying our first biometrics terminals to dispensaries by late April of this year. We have tried to listen and learn as to the needs of not only the dispensaries but the patients most importantly. We believe these kiosks offer many benefits including patient security as well as financial payment security to the owners. The Cannabis Medical Terminals can be leased to any dispensary owner for less than $1,000 a month, regardless of credit, with a buy-out after one year. Once installed, it will now be almost impossible to have instances of credit card or employee fraud at our locations. Further, the identification, selection and payment model with the patient receiving the dose from behind the counter and examining before sealed with our tamperproof label, far exceeds the model of an actual machine dispensing medicine which may be old, have mold in the container or not what the patient thought he paid for," stated Michael Friedman, acting CEO for Cannabis Medical Solutions Inc.
About Cannabis Medical Solutions
Cannabis Medical Solutions Inc. (OTCBB:CMSI) ( http://www.cannabismedsolutions.com/ ) 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 info@cannabismedsolutions.com