Nurse here is some quick DD from patience. I fugured I would pass it along. Good stuff!
MWIP DD:
About Cannabis Medical Solutions Cannabis Medical Solutions (Stock Symbol:MWIP) offers a complete line of merchant services for your medical marijuana dispensary business including, Visa, MasterCard & merchant accounts, debit & credit card transaction processing, gift/loyalty card programs and POS terminals. We understand your business, and work with private banking institutions that will streamline the application process and have you accepting credit cards with 5 business days. With Cannabis Medical Solutions, we can tailor a transaction processing solution to meet your needs.
Cannabis Medical Solutions Inc., is a publically traded company under the stock symbol (MWIP). The Company provides online and wireless merchant payment solutions worldwide. It offers a spectrum of transaction processing solutions using traditional, Internet point-of-sale, e-commerce, and mobile (wireless) terminals in conjunction with industry alliance partners. The company's alliances provide electronic payment processing suite of services enabling merchants to accept various credit and debit cards, as well as ATM cards and ACH check drafts for payment of a retail, service, mail-order, or Internet merchant. It offers services, such as merchant account activation, gateway connections, Web development, and social network engines.
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.
MWIP has also signed an agreement to acquire all licenses in Colorado necessary for the operation of private labeled dispensaries both bricks and mortar and online delivery service for medical marijuana within the state. CMSI expects to open its' first physical dispensary in May 2010.
Most of these operations only accept cash as well as pay cash to suppliers to the collectives, subjecting operators and collective members to theft, unregulated and potential criminal activities.
MWIP is the only company presently handling this sector of business with respect to the payment processing and loyalty card. Medical Marijuana Inc. (OTC: MJNA.PK) has a POS system but it does not have the loyalty and payroll card for suppliers that CMIB offer.
MWIP's pre-paid/ID card may be loaded through a PCI compliant gateway, Internet, POS system or PayPal. The card could be used as a member's photo ID which also contains the member's name, medical ID number and membership expiration date.
Each card MWIP issued will generate $4.00 to $10.00 per patient each month. The Company expects to have at least 30,000 patients by the end of June 2010. This will translate to $120,000 to $300,000 in additional monthly revenues for MWIP.
Medical marijuana is the most searched term on Google each month with over a million page views and Commerce Online is highly listed. We expect this sector to experience explosive growth as more movements are made toward the legitimization of medical marijuana and CMIB stands to directly benefit. The Company offers these services through its' new division Cannabis Medical Solutions Inc. www.Cannabismedsolutions.com
Products and Services
The Cannabis Medical Solutions suite of e-commerce products and services through its' division 800 Commerce include:
Private Label Gateway
Credit Card Acceptance
Debit/ATM Card Acceptance
Phone/Mail Order
Internet Processing
Gift and Loyalty Cards
Check Services
Wireless/Mobile
EBT
Web Development and consulting
ACH
Equipment & Supplies
Strategic Agreements In August, CMIB signed a merchant processing and Independent Sales Organization (ISO) agreement with Direct Technology Innovations (DTI). DTI is an ISO/Merchant Service Provider for the First National Bank of Omaha, JP Morgan Chase Bank, Fleet Bank, Wells Fargo Bank, N.A., and Best Payment Solutions. The company is presently listed with the Top 25 payment processors within the United States with over $2 billion in payment processing annually.
The Company also recently signed a reseller's and ISO agreement with Data1 Financial for its payment gateway. The agreement allows MWIP to offer private label agreements for credit card, ACH, Check 21 and wireless processing services for high risk processing, as well as medical marijuana dispensaries world wide..
CMSI also has an exclusive Agreement with 561 Media Inc. to offer web design and social network engines as well as consulting services for its international online clients. Commerce Online will offer web services, shopping cart and payment processing integration and hosting. Through its wholly owned certified B2B directory 800Commerce.com, CMIB will provide corporate websites, hosting merchant accounts and online marketing through Google, MSN and Yahoo for low cost recurring monthly fees.
Recurring Revenue Streams
The MWIP Payment Network is marketed under reseller agreements with various ISOs and VARs (Value Added Resellers) who sell MWIP's products and merchant services to end customers worldwide.
Revenues are generated from monthly and per transaction fees. In addition to First Data Networks, a total of 13 platforms are integrated within the CMSI Network including Vital, First Data Networks, Payment Tech, Heartland and Valutec.
It is the goal of MWIP to be processing close to $100M through merchant services in its first year.
Projected Revenues
800Commerce.com will provide packages for business starting at $149 per month, which will include credit card processing, a corporate website, web hosting and emails, and online marketing. This will provide revenues to CMIB through the recurring charges of $149.00 a month per each client contracted for. The Company's goal is to have at least one thousand clients contracted with the portal in its first year providing over $1M in revenues.
Industry Overview
The US credit card processing is about a $10 billion industry. The major companies include First Data Corporation, Total System Services, Global Payments, and Bank of America's BA Merchant Services. The industry is highly concentrated with the top four companies account for 40 percent of industry revenues.
When it comes to consumer purchases, plastic is in, paper is out. Credit and debit cards, along with other electronic payment methods, are growing in popularity for their added convenience, greater security and ease of use compared to cash on-hand. Retailers must keep pace with these trends, while making sure to control costs and encourage sales by providing a range of electronic processing options. As a result the market for credit/debit card services is expected to grow from $49 billion in 2006 to $85 billion in 2010. eCheck/ACH services are projected to rise from $13 billion to $19 billion over the same time period. (Source: McKinsey & Co. Payments Practice; figures from 2010 are estimates.)
Ground Floor Opportunity
Of all merchant services companies operating in the United States, less than 10% have wireless payment methods installed. CMSI can soon establish itself as a leading provider of wireless and online merchant payment acquisitions. The company benefits from:
Competitive pricing model
VISA certified and fully compliant credit/debit card and bank-grade electronic payment platform
Experience in integration with large volume merchants and banks across North America
24/7 customer support
Next generation mobile payment solutions.
The constant evolution of new technologies, both wired and wireless, combined with the rapid growth in new, online storefronts, remotely operating merchants and increased frequency of consumer credit/debit purchases, bodes well for payment gateway providers like Commerce Online.
An example in the vast potential of the market is when CyberSource Corporation (NASDAQ: CYBS) acquired Authorize.Net in November 2007 for $700M. At the time, Authorize.Net was a payment gateway provider with only 190,000 merchant customers.
MWIP anticipates exponential growth in 2009 and beyond, and would evaluate a lucrative buy-out situation in the future given the opportunity to further increase shareholder value.
MWIP has the right infrastructure in place as well as partnerships to capture a huge market share of the rapidly growing multi-billion dollars payment processing market. In addition, the rapidly growing medical marijuana sector will present CMIB with huge growth opportunity as the Company is the primary payment processor in this space. Keep an eye on this company with aggressive growth potential. The stock has been trading in a range and could break out any time.
Recent News Events for Cannabis Medical Solutions
Cannabis Medical Solutions Inc. Exceeds Projected Sales for Quarter in New Merchant Services Contracts on Heels of USA Today Article Covering Legalization of Medical MarijuanaGlobeNewswire(Wed, Mar 10)
Commerce Online Inc. Announces Official Name and Symbol Change to "Cannabis Medical Solutions, Inc." OTCBB SYMBOL:CMSI Effective Thursday March 4th, 2010GlobeNewswire(Thu, Mar 4
About Cannabis Medical Solutions Inc. Cannabis Medical Solutions Inc. (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 14 states. In an effort to keep these businesses within the guidelines of CA Proposition 215 and SB 420, Cannabis Medical Solutions 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, New Mexico, Colorado and Montana.
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