LOS ANGELES, March 4, 2011 (GLOBE NEWSWIRE) -- Cannabis Medical Solutions Inc. (www.globenewswire.com/newsroom/ctr%3Fd=211778%26l=1%26a=http%253A%252F%252Fwww.cannabismedsolutions.com%252F%26u=http%253A%252F%252Fus.lrd.yahoo.com%252FSIG%253D1h3sjkqcb%252F%252A%252Ahttp%25253A%252Fwww.globenewswire.com%252Fnewsroom%252Fctr%25253Fd%253D207236%252526l%253D1%252526a%253Dhttp%2525253A%2525252F%2525252Fwww.cannabismedsolutions.com%2525252F%252526u%253Dhttp%2525253A%2525252F%2525252Fus.lrd.yahoo.com%2525252FSIG%2525253D17mgmr8oe%2525252F%2525252A%2525252Ahttp%252525253A%2525252Fwww.globenewswire.com%2525252Fnewsroom%2525252Fctr%252525253Fd%2525253D202883%2525252526l%2525253D1%2525252526a%2525253Dhttp%25252525253A%25252525252F%25252525252Fwww.cannabismedsolutions.com%25252525252F%2525252526u%2525253Dhttp%25252525253A%25252525252F%25252525252Fus.lrd.yahoo.com%25252525252FSIG%25252525253D119baj7k9%25252525252F%25252525252A%25252525252Ahttp%2525252525253A%25252525252Fwww.cannabismedsolutions.com%25252525252F">http://www.cannabismedsolutions.com/) (OTCBB:CMSI), a leading company specializing in merchant payment solutions and financial products for the medical marijuana and healthcare industries, today announced that the company has successfully launched and is in the beta-testing phase of the first online registry for medical marijuana patients and listing service for collectives in all approved states. The state of the art site and secure platform located on the world wide web at www.CannabisXchange.com will allow approved and registered patients to search and join collectives within their geographic area and state. The secure patient platform and website requires patients to register, upload valid documents and receive approval for use of the system. Once approved, the software which identifies patients demographically by IP address, will allow patients to search, see all medicine, strains and products available to each member of a particular collective, read information on caregivers, contact physicians, and see vendors providing everything from seeds to edibles.
"We have been awaiting the launch of www.cannabisXchange.com for some time now by our software engineering partners, and we are very pleased that we have reached the beta launch this week. For the first time, newly approved patients can join a specific collective online, search all medicine and strains offered, and reserve medicine to be picked up within the licensed dispensary or location. Verification of all documentation is provided by the software platform, which is then forwarded to the caregiver chosen by the patient in a secure transaction. We are expecting several thousand patients within the approved states to register at the exchange over the next several months. There are no fees to patients. Caregivers, vendors and dispensaries will eventually pay a monthly or annual listing fee to receive access to the site and patients seeking to join caregivers in their area," stated Michael Friedman, acting CEO for Cannabis Medical Solutions.
About Cannabis Medical Solutions
Cannabis Medical Solutions Inc. (OTCBB:CMSI) (www.cannabismedsolutions.com/" target="_top" rel="nofollow">http://www.cannabismedsolutions.com/) 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 15 states. In an effort to keep these businesses within the guidelines of CO Amendment 20, SB 109 and HB 1284, CA Proposition 215, SB 420, SB 1449 and Proposition 19. Cannabis Medical Solutions (CMSI) 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, Colorado and Montana.
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 Cannabis Medical Solutions Inc. to be materially different from the statements made herein.