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Anyone head anything since this PR of June 17th?
Descheduling Bill to Be Introduced
Posted June 17, 2011 9:19AM PST
Legislation that would remove marijuana from the federal list of controlled substances is expected to be introduced in Congress Tuesday, said an industry advocate.
The bill would remove federal penalties related to marijuana, including distribution and cultivation, said Rob Kampia, executive director of the Marijuana Policy Project at The Marijuana Conference in San Francisco yesterday. It would reduce federal jurisdiction to policing borders between states that legalize marijuana and those that don't, as well as international borders, he said.
The legislation is being sponsored by U.S. Reps. Dana Rohrabacher, Barney Frank, Jared Polis and Ron Paul, Kampia said. The Marijuana Policy Project helped to write the bill.
The Marijuana Conference is sponsored by DealFlow Media, publisher of The MJ Business Update.
http://www.mjbusinessreport.com/wires/article.cfm?title=Descheduling-Bill-Introduced&id=mkjnrutudkiuqkp
If it wasn't for champions there woundn't be challengers
Thanks for giving the heads up!
Got too excited when I read it! I hope the firm can bring forth a resolution...
The lawsuit, filed in Maricopa County Superior Court by attorneys from Rose Law Group, claims ADHS has no legal grounds not to accept those applications.
Read more: Lawsuit filed to force state to accept medical marijuana dispensary applications | Phoenix Business Journal
Rose Law Group = Hillary Clinton Law Firm!
Three pro-marijuana bills introduced in Congress today
Written on June 02, 2011 by Scott Kersgaard, The Colorado Independent, 5/25/11 in NCIA IN THE NEWS
Colorado Rep. Jared Polis and two other members of Congress today introduced bills to improve Americans’ access to medical marijuana.
A coalition of Republicans and Democrats today offered three bills that would ensure cannabis businesses are not discriminated against under tax and banking law, and change existing law to reflect the medical efficacy of marijuana. The bills were authored by Congressman Pete Stark (D-CA), Congressman Barney Frank (D-MA), and Polis.
“I am really happy to see these bills introduced today,” Aaron Smith, executive director of the National Cannabis Industry Association, told The Colorado Independent. “For the first time, we have members of Congress standing up for this industry. For the first time, we are seeing legislation pushed on behalf of these small business owners.”
Stark’s bill – the Small Business Tax Equity Act – would allow medical marijuana dispensaries to take the full range of business expense deductions on their federal tax returns, just like other legal businesses are permitted to do under the law. It is co-sponsored by Congressman Dana Rohrabacher (R-CA) and Congressman Ron Paul (R-TX), as well as Frank and Polis
If it wasn't for champions there wouldn't be challengers
Of course the company wants the share price to rise. This makes it easier to raise funds and from what I read in a recent PR CMSI has people ready to invest. It's a matter of time as to how much, how many, how far and at what price. I have thought about it and am looking forward to some Q's.
I&I are not insiders. I&I don't own restricted shares. I&I are not selling insider /company shares. I&I are buying and selling unrestricted shares in the market place. The company all ready made money off these shares. It's MM making it either way and they seem to be very negative of this sector.
I just talked with a partner and friend today that said this sector will do well in time. He has gone to extreme to prove how the MM really have effected this arena but this on another board.
If it wasn't for champions there wouldn't be challengers.
The CEO you refer to as not doing his job is working to make Cannabis Medical Solutions Inc a viable company and is probably not concerned with the stock price now but getting products to market to build income and make CMSI a profitable company.
Not the next share letter
Not the next MM
Not the next earnings statement
Not the next press release
Not the next state
There is a lot more to it
Time will tell. It's a developmental stage company
If it wasn't for champions there wouldn’t be challengers
IMHO:
The top posters on this board don’t seem like pumpers. They are very interested with this issue CMSI.ob Cannabis Medical Solutions, Inc. and from my understanding many others issues that are NOT open to discussion on the CMSI board. This is NOT DD or pumping but I felt the need to express that I believe the moderators have the best interest of its members. I've read many informative post and would hope that I post the same positive or negative. I've found information and shared information and keep coming back here due to the way this board is run. This this NOT the wild west. The moderators are doing a good job of keeping it that way. From the beginning this has been an open board both positive and negative but the board does not allow non constructive negativity or false information or discussing other issues NOT concerning CMSI and the industry they serve. I&I certainly like to hear factual information either positive and especially negative if it concerns our investments.
I&I believe in the company / owner and the company / ideas and company / people to make these business models / ideas / concepts perform.
Soon Come! Do you know the meaning of soon come with a start-up company? Investors know it takes more than the letter to shareholders.
Being near sided on this stock your probably right about selling your shares. Many of us will keep grabbing your shares. Time will tell…
If it wasn't for champions there wouldn’t be challengers.
Welcome Vermont!
Digital Journal Reports
2 HOURS AGO by ¦ Kim I. Hartman
http://www.digitaljournal.com/article/307589
Vermont legalizes medical marijuana dispensaries Special
Montpelier - Vermont Governor Pete Shumlin has signed a bill into law that will authorize four medical marijuana dispensaries to operate licensed businesses in the state to dispense marijuana and marijuana-related supplies to registered medical marijuana patients.
Vermont bill, S.17 [pdf], authorizes dispensaries to acquire, possess, cultivate, manufacture, deliver, transfer, transport, sell, and dispense cannabis, supplies and educational materials to a patient or caregiver that has designated it as their dispensary.
“This is a great day for a lot of patients throughout the state that, until now, have been unsure how to go about obtaining medicine their doctor has recommended,” said Dan Riffle, a legislative analyst with the Marijuana Policy Project. (MPP) “Governor Shumlin is to be commended for his leadership and compassion, and congratulations to Sen. Jeanette White and the other legislative leaders who shepherded this bill through the legislature.”
Under S.17 dispensaries may acquire marijuana seeds or parts of the marijuana plant capable of regeneration from registered patients or their caregivers or from the other registered Vermont dispensary. The may cultivate and possess up to 55 immature marijuana plants, 35 mature marijuana plants, and 80 ounces of usable marijuana at any one time.
A dispensary shall be operated on a nonprofit basis for the mutual benefit of its patients and have a sliding scale fee system that takes into account a registered patient’s ability to pay. A dispensary may not be located within 1,000 feet of the property line of a preexisting public or private school and shall implement appropriate security measures, including having an operational security alarm system, to deter and prevent the unauthorized entrance into areas containing marijuana and the theft of marijuana. All cultivation of marijuana shall take place in an enclosed, locked facility. Dispensaries are subject to reasonable inspection by the department public safety.
According to the Marijuana Policy Project, with the signing of the bill into law, "Vermont becomes the 8th state where patients can legally obtain marijuana. They join Colorado, Maine, New Mexico, New Jersey, Rhode Island, Arizona, and Delaware on the list of states with laws that explicitly allow dispensaries. Washington, D.C. is also in the process of implementing a program that will allow five such facilities in the nation’s capital."
"Vermont lawmakers initially approved the physician-supervised use of marijuana in 2004, but failed to provide a state-regulated supply source," reports the National Organization for the Reform of Marijuana Laws. (NORML)
The Vermont marijuana laws allow for the use of medical cannabis for patients suffering from debilitating conditions that include cancer, multiple sclerosis, positive status for human immunodeficiency virus, acquired immune deficiency syndrome, or the treatment of these conditions, if the disease or the treatment results in severe, persistent, and intractable symptoms; or a disease, medical condition, or its treatment that is chronic, debilitating, and produces severe, persistent, and one or more of the following intractable symptoms: cachexia or wasting syndrome, severe pain, severe nausea, or seizures.
"Vermont law allows patients or their caregivers to grow their own marijuana, but several patients told legislators that they were unable to do so due to the high cost of equipment or because their medical condition made the task too physically demanding," according to Riffle and MPP. "The patients were joined by the state’s top law enforcement official, Department of Public Safety Director Keith Flynn, who also testified in support of the measure."
Dan Riffle, said "it could be up to two years before the first medical marijuana dispensary opens its doors. The Department of Public safety will have to develop and implement rules for the dispensaries before they begin reviewing applications from perspective dispensaries, said the MPP analyst.
The Marijuana Policy Project, which has been instrumental in 'changing laws' throughout the country, says, "Despite strong public support for ending marijuana prohibition, MPP faces an uphill battle" in the United States as they work to write, rewrite and change marijuana laws.
The passage and signing of the the Vermont laws is a big win for MPP and for patient advocates, said MPP. "We played an instrumental role in passing this legislation, including by funding a two-year lobbying effort and helping elect a governor who supports sensible marijuana policies." Still, we can’t do it alone. Patient advocates also played a key role, as did MPP members who contacted their legislators, spread the word, and donated to our efforts," said Rob Kampia, Executive Director, Marijuana Policy Project.
Shumlin's signing of S. 17 was welcome news to Ian Rhein, according to MPP. "Twenty years ago he was shot while intervening in a domestic altercation and the bullet has remained lodged in his back since, causing excruciating pain."
“I’ve always been grateful that my registry card means I’m not a criminal, but until today that card has done nothing to give me relief from constant, everyday pain which is what this program is supposed to be about,” said Rhein. “Finally, with this law, I’ll be able to use the card to obtain the medicine I need.”
Read more: http://www.digitaljournal.com/article/307589#ixzz1OWW2Hu51
This may be another repeat but worth the read
Rhode Island news
Feds working with states to resolve medical-marijuana issues, U.S. Attorney General says
01:00 AM EDT on Friday, June 3, 2011
By W. Zachary Malinowski
Journal Staff Writer
Attorney General Eric Holder, right, tours The Institute for the Study & Practice of Nonviolence in Providence Thursday, with director Teny Gross and street workers Ajay Benton and Juan Carter.
The Providence Journal / Bob Thayer
PROVIDENCE — U.S. Attorney General Eric Holder suggested on Thursday that the Justice Department will work with governors and other states to reach a satisfactory resolution to the establishment of dispensaries that sell marijuana to patients in state-sponsored medical-marijuana programs.
“We are in the process of working [on] these issues with the U.S. Attorney for Rhode Island and other U.S. Attorneys across the country,” he said. “My hope is that sometime in the not too distant future … it will be addressed.”
Holder’s cautious comments came during a news conference at The Institute for the Study & Practice of Nonviolence in the city’s South End. He toured the recently refurbished facility on Oxford Street with Sen. Sheldon Whitehouse, U.S. Attorney Peter F. Neronha and state Attorney General Peter F. Kilmartin.
Afterward, Holder was peppered with questions about the Justice Department’s position on dispensaries, also known as compassion centers, that sell marijuana to people approved by the state to use cannabis to cope with chronic pain and other debilitating ailments.
He promised to clarify the Justice Department’s position on medical-marijuana laws in Rhode Island and elsewhere.
On April 29, a letter from Neronha was hand-delivered to Governor Chafee, saying that federal authorities may prosecute anyone affiliated with the three dispensaries that the Health Department selected to sell medicinal marijuana in Rhode Island. Chafee got the message and quickly placed a hold on licensing the centers.
Meanwhile, federal prosecutors in other states opening or considering opening dispensaries issued similar threats. Those states include Vermont, Maine, Montana and Colorado.
In Washington state, U.S. Attorneys Mike Ormsby and Jenny Durkan, went one step further. They recently said that state employees involved in the licensing or regulation of medical marijuana could be subject to arrest and prosecution. As a result, Gov. Chris Gregoire vetoed key pieces of a medical-marijuana law, saying she didn’t want to place state employees at risk.
Thursday, Holder sidestepped questions about whether he would support the arrest of state employees in Rhode Island involved in any medical-marijuana licensing or regulation. He repeatedly said that he hopes more discussions between federal and state officials will lead to a fair resolution of the conflict between the Justice Department’s policy of prosecuting significant growers and distributors of marijuana and the operation of medical-marijuana dispensaries whose operators would grow quantities of cannabis.
The operators of the three proposed dispensaries in Rhode Island — Thomas C. Slater Compassion Center in Providence; Greenleaf Compassionate Care Center in Portsmouth and Summit Medical Compassion Center in Warwick — as well as hundreds of medical-marijuana patients, have been deeply disappointed in Holder, Neronha and the Justice Department.
JoAnn Lepannen, executive director of the Rhode Island Patient Advocacy Coalition, has repeatedly stated that the threat of a federal crackdown is simply hurting the more than 3,000 patients in the state who need marijuana to cope with pain. She also has said that it will force many patients to find the drug illegally on the street or turn to prescription narcotics that are expensive, highly-addictive and can cause serious side effects.
Lepannen has made a point of separating her group seeking medicinal marijuana from those who advocate for legalization of cannabis. Holder, at his news conference, said that he was wary of dispensaries becoming a tacit form of legalizing the drug.
On Tuesday, Sen. Rhoda E. Perry and Rep. Scott A. Slater, both Providence Democrats, met with Chafee to press him on awarding state licenses to the dispensary groups. He told them that he will continue to have discussions with governors in the other 15 states with medical-marijuana programs before making a final decision on the licenses.
They also said that they would like to meet with Senator Whitehouse.
Following Holder’s news conference, Whitehouse said that Rhode Island’s medical-marijuana program and its plans to open dispensaries “seems reasonable and the state has spoken.”
He said that he will continue to work on the issue with representatives from the Justice Department and Rhode Island, “so people know what the rules of the game are.”
Late in the day, Representative Slater introduced eight medical-marijuana patients to the full House of Representatives. Speaking on their behalf, he urged the legislators to keep pressuring Chafee to license the dispensaries. He reminded his colleagues that legislation was passed two years ago to establish the centers.
“We still have nothing to show for it,” he said.
Following his brief speech, the patients, four of whom were in wheelchairs, dropped by Chafee’s office to give him a four-page letter and, possibly, meet with him.
The letter said, in part: “The patient community is tired. We are tired of legislative hurdles, administrative delays and political interference. We are desperately seeking compassionate leadership on this issue. We respectfully ask that you join the many other governors throughout the country who are moving forward on state laws that allow for safe patient access to medicine.”
Chafee was in his office meeting with Whitehouse when they arrived, but a few minutes later, he emerged from his office to tell the delegation that to grant the dispensary licenses, he would need a guarantee from the Justice Department “that they are not going to raid us and shut us down.”
bmalinow@projo.com
Arizona U.S. Attorney indicates dispensaries, state employees would not be at risk
by Karen O'Keefe
May 27, 2011
Today, the Arizona Republic covered Gov. Jan Brewer’s outrageous, not-yet-filed lawsuit that calls the state’s voter-enacted medical marijuana law into question. Gov. Brewer alleged a major reason for the suit was fear that state employees could be in jeopardy. This claim was disingenuous given that Arizona U.S. Attorney Dennis Burke’s letter hadn’t mentioned state employees, and Brewer didn’t even bother to ask him if they would be at risk.
Apparently, reporter Mary K. Reinhart was more resourceful than Gov. Brewer. She spoke to U.S. Attorney Burke, who said “We have no intention of targeting or going after people who are implementing or who are in compliance with state law. But at the same time, they can’t be under the impression that they have immunity, amnesty or safe haven.” Burke also said they plan to focus drug enforcement on cartels and major trafficking, and that they have no intention to prosecute state employees.
This sounds like, in practice, the Arizona U.S. Attorney plans to abide by the 2009 Ogden memo that advises against targeting those in clear and unambiguous compliance with state laws, and by prior statements by U.S. Attorney General Eric Holder and President Barack Obama.
In practice, as MPP has reminded lawmakers, the federal government has not been targeting those dispensaries that are state-registered, complying with state law, and operating in states with clear regulations and registration requirements. There have been no raids on dispensaries or licensed producers in New Mexico, Colorado, or Maine.
We hope this marks the beginning of the end of the scare tactics from U.S. Attorneys. We also believe that any alleged violation of state law should be up to state — not federal — law enforcement officials and/or courts to consider.
Join in the campaign to ensure the federal government does not interfere with state medical marijuana laws by asking your representative in Congress to support three bills in Congress that would provide legal protection to those complying with state law
http://blog.mpp.org/medical-marijuana/arizona-u-s-attorney-indicates-dispensaries-state-employees-would-not-be-at-risk/05272011/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogmpp+%28MPP+Blog%29
Remember when Coca Cola and Pepsi the challenger started their big battle for turf in the cola wars of the 1980's. Was it, "If it wasn't for champions there wouldn't be challengers" or was it "If it wasn't for challengers there would NOT be champions." Either way CMSI wins.
According to See Change Strategy, a think-tank that conducted an industry-wide analysis of the medical marijuana trade, the current national market for cannabis is $1.7 billion. By 2016, the market could surge to $8.9 billion. To give some perspective, that's more than the annual GDP of The Bahamas—by about a billion dollars.
Read more: http://www.inc.com/guides/201105/how-to-open-a-medical-marijuana-dispensary.html#ixzz1NaNsg500
It's Official: Now 750,000 Medical Marijuana Patients in U.S.
Opinion by NORML
(3 Hours Ago) in Society / Drug Law
It's official: 16 states, the Capitol, and 750,000 legal marijuana users.
We don’t know his or her name, but somewhere in one of sixteen states and the District of Columbia is America’s 750,000th legal medical marijuana patient. The United States reached the three-quarter-million-patients mark as Arizona began issuing patient registry identification cards online in April 2011.
Active Medical Marijuana State # Legal Patients
California (1996)
No central state registry, only counties, estimate by Americans for Safe Access
~400,000
Washington (1998)
No registry, estimate by author extrapolating Oregon’s 1.04% patient population to Washington’s population
~69,000
Oregon (1998) 39,774
Alaska (1998)
No data online, verified by author’s call to Alaska Bureau of Vital Statistics
380
Maine (1999) 796
Nevada (2000)
2008 figures from ProCon.org, awaiting return call from state for official number
860
Hawaii (2000)
2008 figures from ProCon.org, awaiting return call from state for official number
3,240
Colorado (2000) 123,890
Vermont (2004)
No data online, verified by author’s call to Vermont Criminal Information Center
349
Montana (2004) 30,609
Rhode Island (2006) 3,069
New Mexico (2007) 3,615
Michigan (2008) 75,521
Arizona (2010) 3,696
TOTAL US 754,799
Quick Facts about Medical Marijuana States:
The 754,799 estimated and registered medical marijuana patients in America are legally entitled to cultivate 11,200,739 cannabis plants and possess 197.78 tons of harvested buds.
The seventeen jurisdictions with medical marijuana encompass over 90 million Americans and 162 votes in the 2012 Electoral College.
Patients make up over 3% of the population of Montana, almost 2.5% of Colorado, and over 1% of California, Oregon, and Washington. After Michigan at 0.76% of population, every other medical marijuana state has less than 0.3% patients in its population.
Rhode Island and Vermont, two states where over 10% of the adult population uses marijuana monthly, have patient populations of 0.29% and 0.05%, respectively.
Most importantly, in all of these states, trains still run on time, fewer teenagers are using marijuana, economies still produce goods and services, traffic safety has increased, and hoardes of pot zombies aren’t roaming the streets in search of sttrraaiinns!
A mainstay of the Colorado Springs Medical Cannabis Council, McNeely, 31, and her husband are heading for Southern waters this weekend to help Florida pursue its own medical marijuana initiative, recently proposed by a state representative.
http://www.gazette.com/articles/commissioners-118675-surrounded-medical.html
Commissioners delay adopting permanent MMJ rules
Comments 4
Much higher fees proposed
May 24, 2011 5:29 PM
DEBBIE KELLEY
THE GAZETTE
The regulatory cloud of confusion that has surrounded the medical marijuana industry in Colorado for several years hasn’t cleared yet.
El Paso County officials decided Tuesday to take another week to consider modifications to local policies and fees. The county’s new rules will take affect July 1, at the same time 73 pages of state regulations are implemented under the Colorado Medical Marijuana Code.
Saying they need more time to study the changes proposed by the county attorney’s office, county commissioners postponed adopting permanent regulations governing marijuana businesses in unincorporated areas until their May 31 meeting. The public meeting will start at 9 a.m. at the County Administration Building, 27 E. Vermijo Ave.
Commissioners are working from an 11-page local Medical Marijuana Policy, which they adopted as temporary last August, along with zoning regulations.
At Tuesday’s meeting, commissioners not only questioned some of the proposals but demonstrated how perplexing the fledgling industry is.
For example, no one could remember why local licenses are on track to be issued every two years, instead of renewed annually.
Assistant County Attorney Lori Seago said the county’s liquor code has the same fee timetable, and state statute allows for medical marijuana licenses to be issued every other year.
Commissioner Sallie Clark asked why a requirement for 24-hour video camera surveillance of businesses is slated to be removed from the policy.
Seago said the intent is for the local policy to not duplicate the state’s mandates, which have strict surveillance requirements.
Instead of requiring a neighborhood survey for a new or relocating business, Sheriff Terry Maketa said he would rather have law enforcement assess potential criminal activity in the area of a proposed location.
He also favors lifting sanctions on transporting locally grown medical marijuana outside the county because that activity will be closely monitored by the state, and the county could reap additional sales tax revenue by allowing it, he said.
The industry generated nearly $250,000 in sales tax revenue for the county in 2010, according to estimates. April’s take was about $30,000, the most for one month.
The county’s new policy also suggests lifting a ban on separate grow sites that are not connected to a dispensary, but charging independent growers a higher annual licensing fee of $5,000, compared with $3,000 for infused-products manufacturers and small dispensaries.
All businesses would pay substantially more under the proposed new fees, which are being adopted in concert with state action to move businesses from temporary status to permanent licensing.
Existing businesses paid $163.50 for a county temporary-use application filed before May 9, 2010, and another $737.50 after fee revisions were enacted.
With permanent licensing, the county is considering charging $3,000 to $7,000 in licensing fees, depending on the size and type of business. One-time application fees, if approved by commissioners, will range from $170 per person for background checks to $1,270 for a change of location to $1,520 for a new license.
Seago said the fees are designed to recoup costs of monitoring and policing the industry.
Maketa said that businesses in the unincorporated areas of the county have not been a problem for his office because of the county’s temporary land-use regulations, in place since 2009.
Maketa also reminded commissioners that medical marijuana is still illegal on the federal front. Although voters in some states, such as Colorado, have approved its use, “the bigger picture is that the federal government is still struggling with this whole concept,” he said. “It’ll come down to state powers versus the federal government.”
Colorado lawmakers are continuing to add more regulations, such as those in House Bill 1043, which is awaiting a signature from the governor. Among other stipulations, the bill would extend the moratorium on new business licenses another year, to July 1, 2012.
After July 1 of this year, the state will begin processing applications for licenses that were filed with the state last summer, before the first moratorium on new businesses was enacted.
The state has applications for licenses from 206 centers and infused-product manufacturers in Colorado Springs, 11 in El Paso County and four in Teller County, according to Julie Postlethwait, spokeswoman for the state’s Medical Marijuana Enforcement Division of the Colorado Department of Revenue. The division does not release publicly the number of growers.
Two-year state licensing fees, which must be paid on top of local fees, range from $7,500 for small centers with fewer than 300 patients to $18,000 for centers with more than 500 patients.
Read more: http://www.gazette.com/articles/commissioners-118675-surrounded-medical.html#ixzz1NT7AgmrZ
If there is an upcoming MJ ETF please post info. This way we have paid experts on top of DD for the sector. It would be interesting to follow the rotation as they weed out the right MJ companies. Do you know of plans for any ETF's for this market?
As the markets change so does CMSI!
Remember when Coca Cola and Pepsi the challenger started their big battle for turf in the cola wars of the 1980's. Was it, "If it wasn't for champions there wouldn't be challengers" or was it "If it wasn't for challengers there would NOT be champions." Either way CMSI wins
CMSI is becoming known in the stock market. News is in numbers and numbers are coming... by reaching revenue goals and generating earnings that will positively impact shareholder value.
who’s on first…
The long time posters around here have done a great job of keeping on track, make solid points and are in focus.
Now that CMSI is becoming known in the market we are seeing more volume!
What's next? News to follow...quarters of progress to come
What's up now? This is the beginning on whats around the corner if our acting CEO continues moving CMSI in the right direction.
CMSI!
Really looking forward to the next few quarters as CMSI shares are moving in the right direction quicker than I thought. I sold half my position due to Limit orders today. I'm looking forward to seeing the progress.
HOW MANY STATES! 13 How many?
Very interesting points from from Cannabis Medical Solutions, Inc. CEO in January 2011 for those that are new to the CMSI board.
1. CMSI specializes in merchant payment solutions and financial products developing an infrastructure of systems and new products that will be dramatically positive over the near term for the medical marijuana industry.
2. CMSI is certified as a third party processing company by several leading banking institutions for merchant processing of medical dispensary transactions, providing much needed financial services to medical marijuana dispensaries within Colorado, California and Montana including merchant processing, cash advance, and launching the MediPayment(TM) System with more states coming on board and the majority of distributed MediPayment cards will be activated throughout the second quarter of 2011 and sponsor bank has approved card programs for over 20 corporate customers and CMSI is in the process of submitting corporate customer applications each month.
3. CMSI is pursuing strategic alliances to further establish customer service operations and develop the local-markets required for functionality of online system.
4. CMSI is refocusing staff on supporting and assisting distributors and corporate clients and has signed distribution agreements and licensing for new cashless ATM product and is installing cashless ATM devices and growing online patient registry which will give Collectives, Dispensaries and Vendors to the sector access to the online registry.
5. CMSI has reached an agreement in December of 2010 to distribute internationally, the first medicinal marijuana vending machine as featured on CNN and Fox News within legal jurisdictions and states.
#1. recent inquiries from accredited investors and investment banking institutions will solve long term cash needs for expansion of Cannabis Medical Solutions, Inc.
February, 11, 2011
The Company has recently focused on providing payment solutions to the licensed medical marijuana dispensaries throughout 15 states.
November 18, 2010 Post # 7128
It will be a few quarters (April) before any cards are issued in Arizona even though CMSI has been contacted by Collectives seeking CMSI MMD financial payment services for the state of Arizona.
IMHO
CMSI will experience growth before Arizona comes online because of their merchant payment solutions and financial products that are secure and reliable using traditional, Internet Point-of-Sale (POS), e-commerce and mobile (wireless) terminals in conjunction with Industry Alliance Partners.
CMSI will experience growth within the three states that CMSI is all ready processing transactions.
CMSI is registered to operate in three states now. CMSI will be operating in more than three states by the time Arizona has it's first Collectives open in April of 2011.
CMSI will add to earnings with the amount of transactions that are processed with the latest round of Collectives added within the three states that CMSI processes.
CMSI is ahead of major banks and card processors. Remember the banks do NOT or can NOT get involved at this point. This gives CMSI time to build a loyal following without much competition but due to the money involved in processing transactions at the Collectives competition will come.
CMSI, who's on first stays #1 in this arena.
Remember when Coca Cola and Pepsi the challenger started their big battle for turf in the cola wars of the 1980's. Was it, "If it wasn't for champions there wouldn't be challengers" or was it "If it wasn't for challengers there would NOT be champions." Either way CMSI wins.
CMSI is relatively unknown in the stock market at this time. News is in numbers and numbers are coming...
NCI Recognizes the Benefits of Medical Marijuana: Implications for the Data Quality ActLast update: 3/30/2011 4:08:00 AMWASHINGTON, March 30, 2011 /PRNewswire via COMTEX/ -- The NCI announcement that marijuana has health benefits for people living with cancer is of particular interest to the Center for Regulatory Effectiveness because the reviewability of the Data Quality Act was not addressed by the Ninth Circuit in ASA v. HHS. In this "avoid the hot potato" ruling the court claimed that the thrust of the petition was being addressed in another forum--the rescheduling petition described below which has seen no movement for a nearly a decade. Fortunately in Prime Time the DC Circuit found the DQA to be binding on agencies. The NCI announcement provides a basis for a reconsideration of the Ninth Circuit decision because it emphasizes that the Data Quality Act petition filed by the ASA is the only practicable forum for the introduction of the new information. See article SOURCE Center for Regulatory Effectiveness Copyright (C) 2011 PR Newswire. All rights reserved
CMSI provides financial products that are secure and reliable using traditional, Internet Point-of-Sale (POS), e-commerce and mobile (wireless) terminals in conjunction with Industry Alliance Partners. providing payment solutions to the licensed medical marijuana dispensaries throughout 15 states and is ahead in the race giving CMSI time to build a loyal following without real competition but due to the money involved in processing transactions at the Collectives competition will come.
CMSI is #1 in this arena.
"If it wasn't for champions there wouldn't be challengers"
I'm looking forward to the next few quarters not this one. I would be pleasantly surprised to see any earnings with the start-up cost associated with the various models being rolled. The people that follow this closely know not to expect too much this quarter. I do think we will see an increase in revenue and expenses. This is what I believe really matters and the answers tell a great story is unfolding.
CMSI is registered to operate in how many states?
CMSI specializes in how many merchant payment solutions?
CMSI is certified by how many third party processing company including how many leading banking institutions?
CMSI is processing many sponsor bank approved card programs for how many corporate customers?
CMSI is has signed how many distribution agreements and licensing agreements for how many new cashless ATM products?
CMSI has installed how many cashless ATM devices and is growing online patient registry by how much?
CMSI has received how many inquiries from accredited investors and investment banking institutions?
CMSI has recieved how much cash to solve long term cash needs for expansion of Cannabis Medical Solutions?
CMSI begins trading on the Frankfurt Exchange when?
Increased revenues from CMSI financial business models and shareholder appreciation will likely come in the near term but not next quarter
From CMSI last 10-Q Sales for the nine month period ended September 30, 2010 and 2009 were $ 25,717. I can only imagine what a few quarters from now will bring?
Remember when Coca Cola and Pepsi the challenger started their big battle for turf in the cola wars of the 1980's. Was it, "If it wasn't for champions there wouldn't be challengers" or was it "If it wasn't for challengers there would NOT be champions." Either way CMSI wins
CMSI is relatively unknown in the stock market but NOT the MMJ MPS POS market. News is in numbers and numbers are coming... by reaching revenue goals and generating earnings that will positively impact shareholder value.
I see the making of a champion.
February, 11, 2011
The Company has recently focused on providing payment solutions to the licensed medical marijuana dispensaries throughout 15 states.
November 18, 2010 Post # 7128
It will be a few quarters (April) before any cards are issued in Arizona even though CMSI has been contacted by Collectives seeking CMSI MMD financial payment services for the state of Arizona.
IMHO
CMSI will experience growth before Arizona comes online because of their merchant payment solutions and financial products that are secure and reliable using traditional, Internet Point-of-Sale (POS), e-commerce and mobile (wireless) terminals in conjunction with Industry Alliance Partners.
CMSI will experience growth within the three states that CMSI is all ready processing transactions.
CMSI is registered to operate in three states now. CMSI will be operating in more than three states by the time Arizona has it's first Collectives open in April of 2011.
CMSI will add to earnings with the amount of transactions that are processed with the latest round of Collectives added within the three states that CMSI processes.
CMSI is ahead of major banks and card processors. Remember the banks do NOT or can NOT get involved at this point. This gives CMSI time to build a loyal following without much competition but due to the money involved in processing transactions at the Collectives competition will come.
CMSI, who's on first stays #1 in this arena.
Remember when Coca Cola and Pepsi the challenger started their big battle for turf in the cola wars of the 1980's. Was it, "If it wasn't for champions there wouldn't be challengers" or was it "If it wasn't for challengers there would NOT be champions." Either way CMSI wins.
CMSI is relatively unknown in the stock market at this time. News is in numbers and numbers are coming...
I sent you an email over the weekend. It's from marley1up. Please check it out.
Go CMSI...
#1 reason for buying more CMSI shares is recent inquiries from accredited investors and investment banking institutions will solve long term cash needs for expansion of Cannabis Medical Solutions, Inc. + the interest being shown and the steps forward currently underway, with both government and private industry interests, make it increasingly clear that increased revenues from CMSI financial business models and shareholder appreciation will likely come in the near term.
Add International Exposure!
Coca Cola and Pepsi the challenger started their big battle for turf in the cola wars of the 1980's. "If it wasn't for champions there wouldn't be challengers." 30 years later the battle continues.
Who’s on first…
Positive points from Cannabis Medical Solutions, Inc. CEO IMHO
1. CMSI specializes in merchant payment solutions with cutting edge and compliant financial products developing an infrastructure of systems and new products that will be dramatically positive over the near term for the medical marijuana industry.
2. CMSI is certified as a third party processing company by several leading banking institutions for merchant processing of medical dispensary transactions, providing much needed financial services to medical marijuana dispensaries and collectives within Colorado, California and Montana including merchant processing, cash advance, and launching the MediPayment(TM) System with more states coming on board and the majority of distributed MediPayment cards will be activated throughout the second quarter of 2011 and sponsor bank has approved card programs for over 20 corporate customers and CMSI is in the process of submitting corporate customer applications each month.
3. CMSI is pursuing strategic alliances to further establish customer service operations and develop the local-markets required for functionality of online system.
4. CMSI is refocusing staff on supporting and assisting distributors and corporate clients and has signed distribution agreements and licensing for new cashless ATM product and is installing cashless ATM devices and growing online patient registry which will give Collectives, Dispensaries and Vendors to the sector access to the online registry.
5. CMSI has reached an agreement in December of 2010 to distribute internationally, the first medicinal marijuana vending machine as featured on CNN and Fox News within legal jurisdictions and states.
From CMSI last 10-Q Sales for the nine month period ended September 30, 2010 and 2009 were $ 25,717. Sales for the three month period ended September 30, 2010 and 2009 were $ 10,530 and 0 respectively. I can only imagine what a few quarters from now will bring.
CMSI has a relatively small float, is unknown to the masses and in the stock market, NOT the MMJ MPS POS market. News is in numbers and numbers are coming by reaching revenue goals and generating earnings that will positively impact shareholder value.
#1 reason for buying more CMSI shares is recent inquiries from accredited investors and investment banking institutions will solve long term cash needs for expansion of Cannabis Medical Solutions, Inc. + the interest being shown and the steps forward currently underway, with both government and private industry interests, make it increasingly clear that increased revenues from CMSI financial business models and shareholder appreciation will likely come in the near term.
Coca Cola and Pepsi the challenger started their big battle for turf in the cola wars of the 1980's. "If it wasn't for champions there wouldn't be challengers." 30 years later the battle continues.
Let the battle begin.
Who’s on first…
I'm accumulating Cannabis Medical Solutions because I believe we will see earnings growth over the next few quarters.
Cannabis Medical Solutions is the brand of choice in the online and wireless niche merchant payment solutions for the licensed medical marijuana industry. CMSI can market their services in as many as 15 states. Cannabis Medical Solutions 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 keeping these collective and dispensaries businesses within the guidelines of CA Proposition 215, SB 420, HB 1284, SB 1449 and Proposition 19. Banks aren't touching this arena yet. Banks are definately considering their options in this arena while Cannibas Medical Solutions continues to add merchants allowing Cannabis Medical Solutions to be the 1st and largest company offering this unique non-cash alternative to these regulated dispensaries and collectives for both operators and members benefits.
Cannabis Medical Solutions is capitalizing on these services.
Who's on first...
It will be a few quarters (April) before any cards are issued in Arizona even though CMSI has been contacted by Collectives seeking CMSI MMD financial payment services for the state of Arizona.
IMHO
CMSI will experience growth before Arizona comes online because of their merchant payment solutions and financial products that are secure and reliable using traditional, Internet Point-of-Sale (POS), e-commerce and mobile (wireless) terminals in conjunction with Industry Alliance Partners.
CMSI will experience growth within the three states that CMSI is all ready processing transactions.
CMSI is registered to operate in three states now. CMSI will be operating in more than three states by the time Arizona has it's first Collectives open in April of 2011.
CMSI will add to earnings with the amount of transactions that are processed with the latest round of Collectives added within the three states that CMSI processes.
CMSI is ahead of major banks and card processors. Remember the banks do NOT or can NOT get involved at this point. This gives CMSI time to build a loyal following without much competition but due to the money involved in processing transactions at the Collectives competition will come.
CMSI, who's on first stays #1 in this arena.
Remember when Coca Cola and Pepsi the challenger started their big battle for turf in the cola wars of the 1980's. Was it, "If it wasn't for champions there wouldn't be challengers" or was it "If it wasn't for challengers there would NOT be champions." Either way CMSI wins.
CMSI is relatively unknown in the stock market at this time. News is in numbers and numbers are coming...
The passage of Prop. 203 will not become official until the votes are canvassed on Nov. 29.
http://www.bensonnews-sun.com/articles/2010/11/17/news/news07.txt
We'll see some press soon!
Have a great Thanksgiving Holiday.
The passage of Prop. 203 will not become official until the votes are canvassed on Nov. 29.
http://www.bensonnews-sun.com/articles/2010/11/17/news/news07.txt
Arizona's Proposition 203 Passes, Medical Marijuana Allowed [PROP 203]
Arizona's Proposition 203 Passes, Medical Marijuana Allowed [PROP 203] Arizona has become the 15th state to allow the use of medical marijuana. Earlier we reported that Prop 203 didn't pass - or at least appeared to have not passed. After counting absentee ballots Prop 203 passed by a slim margin of just over 4,400 votes.
That is just another reminder of why it's important to VOTE. Every vote counts.
The law allows up to 2.5 ounces of marijuana every two weeks, and there can be only one dispensary per 10 pharmacies. If you live 25 miles or more from a dispensary, you can grow your own personal use marijuana, but only if you have a prescription.
Oregon's Ballot measure 74 did not pass, but the reason was that there were concerns that the failure to limit the number of dispensaries allowed in the state would encourage illicit sales.
Prop 19 in California, which would have legalized marijuana across the state, failed, although by a relatively narrow margin.
Are you glad that Arizona's Proposition 203 Passed, and that Medical Marijuana is Allowed in Arizona? [PROP 203]
I don't know much about IMAI but I believe CMSI is using the MJNA software. Do you or anyone have any idea or know anything about this? I saw a press release a long time ago about a discussion /consulting but NOT about joint venturing to process for Collectives. I do sense they are working together on this model CMSI is using but nothing has been released to indicate I may be right. It won't hurt me if I am wrong on this because CMSI is adding Collectives so it should be successful one way or the other. If they own system they are using outright we should even fair better in the long run. I personally wrote Bruce Perlwin at MJNA about this and he said their processing system was on the back burner and they were concentrating on the hempnetwork.com although that was several months ago.
I heard rumor CMSI is going to Israel to see about processing transactions if more than one Doctor is able to prescribe medical marijuana. CMSI will be in Arizona right away if the proposition passes there. Any word on that close call?
I like the name for MJNA sub corp PCIO.pk Marijuana, Inc. I like the business model for CMSI best of all plays in this area!
That's me (auto - if u have level II) waiting at .019 in case there is any slippage due to CMSI earning report being precieved negative or because of the negative market today after CSCO earnings pulls on the market.
CMSI is moving in the right direction in this sector. The next 10Q will blow this one away. IMHO
Form 10-Q for CANNABIS MEDICAL SOLUTIONS, INC.
10-Nov-2010
Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Management's Discussion and Analysis contains various "forward looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding future events or the future financial performance of the Company that involve risks and uncertainties. Certain statements included in this Form 10-Q, including, without limitation, statements related to anticipated cash flow sources and uses, and words including but not limited to "anticipates", "believes", "plans", "expects", "future" and similar statements or expressions, identify forward looking statements. Any forward-looking statements herein are subject to certain risks and uncertainties in the Company's business, including but not limited to, reliance on customers and competition in its markets, market demand, product performance, maintenance of relationships with key suppliers, difficulties of contracting or retaining independent contractors and any changes in current accounting rules, all of which may be beyond the control of the Company. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including those set forth therein.
Management's Discussion and Analysis of Results of Financial Condition and Results of Operations ("MD&A") should be read in conjunction with the condensed consolidated financial statements included herein. Further, this quarterly report on Form 10-Q should be read in conjunction with the Company's Financial Statements and Notes to Financial Statements included in Report on Form 10-K for the year ended December 31, 2009.
Overview
BUSINESS
Cannabis Medical Solutions, Inc., (referred to hereafter as "CMSI," or, the "Company"), was initially incorporated under the laws of the State of Delaware in February 1997 under the name Easy Street Online, Inc., as successor to each of Hobbes & Co., LLC ("Hobbes"), INET Communications Company, LLC ("INET") and Sara Girl & Co., LLC ("Sara Girl").
In August of 1997, the Company changed its name to Frontline Communications Corp. ("Frontline") and operated as a regional Internet service provider ("ISP") providing Internet access, web hosting, website design, and related services to residential and small business customers throughout the Northeast United States and, through a network partnership agreement, Internet access to customers nationwide. Frontline traded on the American Stock Exchange under the symbol "FNT."
On April 3, 2003, Frontline acquired Proyecciones y Ventas Organizadas, S.A. de C.V. ("Provo Mexico") and in December 2003 changed its name to "Provo International Inc." ("Provo"). Provo was organized into three distinct divisions: (1) Provo International, which was responsible for overseeing mergers, acquisitions, financing transactions and regulatory compliance activities (2) Provo US, a division of Provo, was responsible for the continued management of the Internet service business, which was its core business prior to its acquisition of (3) Provo Mexico, a wholly owned subsidiary of Provo International, which distributed prepaid calling cards and cellular phone airtime in Mexico.
In March 2009, Provo changed its name to Ebenefits Direct, Inc., which, through its wholly-owned subsidiary, L.A. Marketing Plans, LLC, ("LAMP"), is a company currently engaged in the business of direct response marketing. LAMP markets and sells non-insurance healthcare programs designed to complement medical insurance products and to provide savings for those who cannot afford or qualify for traditional health insurance products.
On October 14, 2008, Ebenefits Direct, Inc. changed its name to Seraph Security, Inc. and continues to operate the LAMP business, and eCommerce a credit and debit card processing company.
On May 20, 2009, Seraph Security, Inc. changed its name to Commerce Online, Inc. to more accurately reflect its core business.
As of March 4, 2010, Commerce Online, Inc. changed its name to Cannabis Medical Solutions, Inc.
March 8, 2010 the company completed acquisition of 800 Commerce in April 2010. The Company issued 1,000,000 shares for 100% interest in 800 Commerce. The shares were valued at $250,000.
THREE MONTHS ENDED SEPTEMBER 30, 2009
COMPARED TO THREE MONTHS ENDED SEPTEMBER 30, 2010
Sales for the three month period ended September 30, 2010 and 2009 were $ 10,530 and 0 respectively.
Selling, general and administrative expenses decreased from $377,785 for the three month period ended September 30, 2009 to $13,435 for the three month period ended September 30, 2010 due to costs associated with stock issued in lieu of salary and consulting expenses.
Net loss decreased to a loss of $2,905 for the three month period ended September 30 , 2010 from net loss of $377,785 for the three month period ended September 30 , 2009, due to the above analysis of Income and Expenses.
NINE MONTHS ENDED SEPTEMBER 30, 2009
COMPARED TO NINE MONTHS ENDED SEPTEMBER 30, 2010
Sales for the nine month period ended September 30, 2010 and 2009 were $ 25,717 and 0 respectively.
Selling, general and administrative expenses decreased from $408,791 for the nine month period ended September 30, 2009 to $120,555 for the nine month period ended September 30, 2010 due to costs associated with stock issued in lieu of salary and consulting expenses.
Net income (loss) decreased to a loss $94,838 for the nine month period ended September 30 , 2010 from net loss of $408,791 for the nine month period ended September 30 , 2009, due to the above analysis of Income and Expenses.
Just added 5 mil shares. I had 3 mil already. Please add me to the list of long term holders. The commission was steep at 5% but I felt that if I didn't go ahead that HESG might move off .0003 before I opened another account.
What made me post this buy orders was KNIGHT EQUITY MARKETS, L.P.our MM and trouble maker:
Stock Order: HESG-HEALTH SCIENCES GROUP INC
Status Filled at $0.0003
Symbol HESG
Description HEALTH SCIENCES GROUP INC
Action Buy
Quantity 5,000,000 Shares
Route KNIGHT EQUITY MARKETS, L.P.
Order Type Limit at $0.0003
Time in Force Day
Conditions All or None
Trade Type Margin
Market Session Standard
Order Date 01/22/2010, 12:55:18 PM ET
Cancel Date
Order Number 022PXFXX
EXECUTIONS FOR THIS TRADE
Date Time Price Quantity Total
01/22/2010 01:01:34 PM $0.0003 5,000,000.000 $1,500.00
NET TOTAL 5,000,000.000 $1,500.00
I have tried numerous ways for Ameriturd to tell why the restriction on HESG. I am fortunate to have aquired 3 mil shares before the restriction even though I am negative I am glad I purchased the shares before the restriction but not happy at all about not being able to dollar cost average. I let Ameriturd know it. Ameriturd rep in email stated their standard list of possibilities so I used the IM directly from my level II account. I tried 3 times to find out why the reason Ameriturd has restricted HESG. I ask when the restriction will be lifted. All to no avail.
I tried several times to add and will continue doing so daily as Ameriturd would not even give any indication what so ever on any thing concerning HESG. I'm planning on adding more shares if HESG stays at or near these levels next week in another account.
I see alot of concern about Tom, and HESG benefiting on this trading. Our buying/holding does not directly benefit HESG or Tom. HESG already sold the shares and we are buying from someone that already gave HESG a loan for the shares. They are selling us their unrestricted shares.
Don' bother bashing me if you think I'm wrong I don't need no bashing but I do believe Tom has a good plan so HESG shareholders will be rewarded.
If someone wants to add me to the list 3 mil now and holding.
Get Up Stand Up BMW