SAN DIEGO, Oct. 13, 2015 (GLOBE NEWSWIRE) -- Medical Marijuana, Inc. (OTC Pink:MJNA) is leading by example as it fosters growth and opportunity in the rapidly expanding cannabis industry. This week, its subsidiary, Wellness Managed Services’ MPS International (MPSI), is proud to announce its alliance with CannaNative, LLC. Both companies are featured in headline news articles: Bloomberg’s Where to Stash Cannabis Cash? Tribal Nations Make Bid to Bank It and Yahoo News’ article Colorado’s monthly marijuana sales top $100 million.
The Bloomberg article, which was picked up by Fortune magazine and Time.com, references “casinos a model for handling $3 billion in industry revenue.”
Michael Julian, Chief Executive Officer of MPSI, explains the current state of banking in the Bloomberg article, “The federal government and these banking laws are making it so that people have to walk around with tens of thousands of dollars in their businesses, in their cars, in their homes, putting these people in danger.”
“MPSI is proud to share our knowledge of and experience in the cannabis industry with tribal nations that choose to align with CannaNative,” Julian states. “We feel that tribal nations have the blueprint – and many have a proven track record - to successfully handle the significant intake of cash from the rapidly growing cannabis industry.”
MPSI is a well-established cannabis consulting and security firm that offers mission-critical solutions including armored transport of inventory and cash. The Company’s 47-year experience in the security industry, coupled with the proven track record of serving cannabis-based businesses since January 2014, led to securing a partnership with the Native American cannabis advisory group CannaNative.
Julian went on to say that in the article that he is aware of companies spending $150,000 to build their own high-tech vaults for cash storage. While this poses a temporary solution for cash storage, many cannabis retailers need a secure way to revenue from storefronts to the vaults.
“Tribal banking represents a much-needed service offering that could ultimately provide a solution to the entire U.S. cannabis industry,” Julian concludes.
Industry-specific services provided by MPSI include: armed and unarmed security for retail and grow operations, electronic security and surveillance, armored and low-profile vehicle transport of inventory and cash, compliance oversight, and workplace protection for medical and adult recreational use.
About MPSI:
MPS International (MPSI) is a consulting firm that provides security consultative services to business and individuals in the legal cannabis industry. When security officers are needed, MPSI contracts exclusively with MPS Security to provide uniformed security management and officers.
MPSI was created as a specialized division of MPS Security. With over 47 years of experience providing professional security services, MPS Security is uniquely qualified to bring high quality security management and security solutions to the new and growing cannabis industry. Our professional experience and qualifications are helping to legitimize the expanding cannabis industry by reducing crime and assisting legal businesses and individuals to operate in accordance with all federal, state and local laws and regulations. For more details visit www.Security-MPSI.com, email security@security-mpsi.com or call (866) 678-4408.
About Wellness Managed Services
Wellness Managed Services provides management support and services to cooperatives, collectives, health and wellness facilities, dispensaries, and medical clinics throughout North America. The services offered range from practice management to product distribution and more. Our mission is to provide a comprehensive array of clinically-supporting health and wellness products and services which will attract patients while providing for a fully operational, profitable enterprise. We seek to provide facilities and patients alike with the latest in quality products and support services that will serve the health and wellness community. For more info, click here.
About Medical Marijuana, Inc.
Our mission is to be the premier cannabis and hemp industry innovators, leveraging our team of professionals to source, evaluate and purchase value-added companies and products, while allowing them to keep their integrity and entrepreneurial spirit. We strive to create awareness within our industry, develop environmentally-friendly, economically sustainable businesses, while increasing shareholder value. For more information, please visit the company's website at: www.MedicalMarijuanaInc.com.
About CannaNative, LLC.
CannaNative’s goal is to help tribes to develop hemp and cannabis-based economies on Native American lands throughout the United States. We believe that every tribe should have the opportunity to establish and grow a responsible, cannabis-based economy to sustain all future generations. For more information on CannaNative, visit the Company’s website at www.CannaNative.com
FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSURE
These statements have not been evaluated by the FDA and are not intended to diagnose, treat or cure any disease.
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 Medical Marijuana Inc. to be materially different from the statements made herein.
LEGAL DISCLOSURE
Medical Marijuana Inc. does not sell or distribute any products that are in violation of the United States Controlled Substances Act (US.CSA). The Company does grow, sell, and distribute hemp-based products and is involved with the federally legal distribution of medical marijuana-based products within certain international markets. Cannabidiol is a natural constituent of hemp oil.