Agritek Holdings Inc. (AGTK)

[TechnoAnalyst]

I know that is crazy! They definitely know where the money is!!!

MWIP recently entered the medical marijuana space as a prominent player by offering its pre-paid and ID card program with state licensed medical marijuana dispensaries and collectives in California, Colorado, New Mexico, Montana and New Jersey.

In an effort to keep these collectives within the guidelines of CA Proposition 215 and SB 420, the CMSI financial services including credit card processing, financial secure payment systems, ATM's, Insurance and pre-paid debit/stored value ID card will offer a unique cash alternatives to these regulated dispensaries.

Under new legal guidelines to be issued by the Obama administration, authorities no longer seek prosecution of medical marijuana users or suppliers as long as they conform to state laws. MWIP is aggressively capitalizing on this presently untapped and much needed medical solution. MWIP presently processes transactions for over ten medical marijuana dispensaries and is adding approximately two additional locations per week. Gross processing volume from medical marijuana dispensaries is approximately exceeding 10M annually and growing.

Fourteen states presently allow some use of marijuana for medical purposes. California is unique among those for the widespread presence of dispensaries - businesses that market and sell marijuana. Presently, there are an estimated 300,000 to 400,000 medical marijuana patients in California and the figure is rapidly growing. There are also about 700 medical marijuana dispensaries now operating in California that openly distribute the drug.



In Colorado, there are approximately 60,000 registered medical marijuana patients spending an average of $100.00 a week on medication. Cash generated from sales in Colorado alone now exceed $6,000,000 a week. CMSI expects to receive 3-5% of these transactions over the next 90 days.