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CannaBANKTM Transfers 3rd, 4th and 5th Assets to Medical Marijuana Inc -- Announces New 50% Stake in Denver Based Cannabis Marketing Group (PINKSHEETS: MJNA)

May 10, 2011 08:00 ET

SAN DIEGO, CA--(Marketwire - May 10, 2011) - Medical Marijuana Inc (PINKSHEETSMJNA) today received additional assets transferred by CannaBANK™. These assets include CannaBANK's interest in a Riverside County facility containing 10,000 sq feet of facility space. Twenty acres of land are also included in the transfer and plans are in place to add an additional 10,000 sq feet of facility space in the near future. The new 20,000 sq feet of facility space will be the recipient of additional asset transfers, described below.

CannaBANK™ has further announced the transfer of working equipment for the San Bernardino facility in excess of $350,000. The facility will soon be operational and details will be released in the near future. The San Bernardino facility will be a fully functional Wellness Center in the CannaBANK™ domain and will serve critically ill patients.

Medical Marijuana Inc is proud to announce the acquisition of a 50% stake in Denver based Cannabis Marketing Group and the formation of a joint venture. CannaBANK™ today announced a purchase and assignment to Medical Marijuana Inc. of 50% of the shares of stock in Cannabis Marketing Group LLC (CMG) for the purpose of expanding comprehensive marketing services to the cannabis and hemp industries.

The stake in Cannabis Marketing Group is capitalized at over $200,000 and consists of marketing technology, intellectual property, server and IP address wills. With these assets and technological property, Medical Marijuana Inc plans to launch the CannaMaps and Cannabis Awareness websites.

According to Dina Elliot, Managing Partner of CMG, in a statement released today: "Teaming with Medical Marijuana is a natural fit." Deep industry knowledge is important when working with any client and this new partnership will provide expertise in educating the world on the uses of hemp and aggressively marketing the products MJNA and its partners will bring to the world.

Representatives at CannaBANK™ and Medical Marijuana Inc were also enthusiastic about the transaction. Management was quoted as saying: "This new partnership will squarely place us in the world of social commerce -- this company has developed what would have taken us quite a while to accomplish on our own."

Cannabis Marketing Group is comprised of a super-dynamic group of individuals with many excellent products and services to bring to Medical Marijuana Inc The "CannaMaps" site of Medical Marijuana Inc will soon list every dispensary, every collective and delivery service in the medical cannabis industry in the USA. In addition this site will also list all local County, State and Federal ordinances relating to medical cannabis -- and soon they will have this throughout the world.

This new site will be a virtual encyclopedia of cannabis related information made available for many different users -- doctors, medical clinics, individuals seeking medical attention, where to get more information in a local area, etc. The site will not be opinionated, nor will it be fragmented -- it will give factual information that can be sourced back to the origin. The goal is to create trust in the informational content so that people will have complete and factual information available through the internet in terms of cannabis and hemp laws in the united states from a federal, state, county and local perspective. The site will also track all upcoming bills and the sponsors or the past bills and guidelines to the sponsors of the new proposed bills and guidelines. Information is everything and CannaBANK™ and Medical Marijuana Inc seek to have every person in the United States understand hemp and cannabis laws and uses.

The announcement today will also launch Medical Marijuana Inc's "Jobs Created Counter" which will count all the jobs created, directly and indirectly, by the work of CannaBANK™ and its partners. Also launched will be the CannaBANK™ "Lives Saved Counter" which will list all the lives saved or improved by CannaBANK™ and its affiliates -- CannaBANK™ would like to invite everyone to partake in international well-being counters that the organization is about to launch. These counters will be completely open and transparent -- they will show links back to the appropriate information sources. All such intellectual property shall be transferred to Medical Marijuana Inc over the next several months.

CannaBANK™ believes that Americans need to know their rights and the laws that govern them -- they also need to know what effect this movement is having on people's health and their economic well-being -- so this will be an awareness program rather than an educational program.

Cannabis Medical Group will also be in charge of joint media publications.

ABOUT CANNABANK
CannaBANK's mission is to help create a sustainable economy which in turn helps create a sustainable planet offering health and economic freedom through education and awareness.

CannaBank™ and the CannaBank™ logo are registered trademarks of Hemp Deposit & Distribution Corp. (HDDC), d/b/a CannaBANK, Inc. in the U.S. and certain other countries. All other trademarks mentioned in this document are the property of their respective owners. The use of the word "partner" does not imply a partner relationship between CannaBANK and any other company.

ABOUT MEDICAL MARIJUANA INC
Medical Marijuana Inc recognizes the vast and unequaled opportunities that exist in the rapidly expanding hemp and medical marijuana industries. The scientific recognition of cannabis has brought legalized marijuana use to the forefront of mainstream discussion, thus opening the door for safe and lucrative investment opportunities. More information can be found about Medical Marijuana Inc atwww.medicalmarijuana.com.

OTC Pink sheets MJNA

ABOUT CANNABIS MARKETING GROUP
Based in Denver, Colorado, Cannabis Marketing Group is a full service marketing firm that provides comprehensive marketing solutions to the cannabis and hemp industries throughout the world. Internet marketing, websites, search engine marketing, email marketing, social commerce, social media, webinars and CRM systems, marketing automation and drip systems are combined with traditional print, broadcast and direct marketing for comprehensive three hundred and sixty degree marketing solutions.

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.