Monday, January 30, 2012 12:19:16 AM
Cannabis Science (OTCBB:CBIS) announces the formation of a new LLC, CANNABIS SCIENCE SMOKEFREE JV LLC, which has started testing various medical cannabis formulations for possible early JV product release Richard Cowan, Cannabis Science's CFO, said, "It is well worth reporting our progress as we have begun testing our cannabis formulations for multiple ailments and the delivery methods using the products developed from the CANNABIS SCIENCE SMOKEFREE JV LLC. In collaboration with Rockbrook Inc., we expect to be in the forefront of marketing devices delivering medical formulations of pharmacological extracts to dispensaries and healing centers already in existence, in compliance with applicable federal and state regulations. entering the potential multi-billion medical cannabis market.
Richard Cowan explained, "There is a huge market for such products just in California alone. For example, even in San Diego, California, a grand jury report 'estimated there are at least 5,000 medical marijuana patients in San Diego County, and it's probable there are considerably more. Medical marijuana advocates say there could be 60,000.' From the multiple news reports generated almost daily now a majority of Californians continue to voice their support for Prop. 19, which would eliminate penalties for the private possession and use of marijuana by adults, and allow local governments to regulate retail cannabis production and sales. PR'S that are relevent!
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