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darhym
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One of the only reporting medical marijuana penny stocks I have found, up and climbing.
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darhym
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the whole sector is hot right now, check out mjna too.
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darhym
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Kiosks require finger scan to release prescription

Apr 15, 2011
By: Christine Blank, Contributing Editor
Drug Topics
Volume 155, Issue 4

The first medical marijuana kiosks are expected to roll out in medical marijuana dispensaries starting in April.

Cannabis Medical Solutions, Miami, Fla., which specializes in merchant payment systems for methadone and marijuana clinics, has partnered with an unnamed medical self-service kiosk manufacturer to develop the new biometrics kiosks.

Patients in the 16 states that allow the sale of medical marijuana will soon be able to register, order, and pay for medical marijuana using the biometrics terminals. When medical marijuana patients register with the kiosk, they show clinic staff valid forms of identification and their medical marijuana prescription, and receive a finger scan. On subsequent visits, patients are identified at the kiosk by finger scan and then can choose the strain of marijuana that is needed for their prescriptions. All marijuana is kept in a sealed case. After patients pay by debit or credit card at the kiosk, staff dispenses the medication from behind a counter.

The new kiosk system is designed to prevent both patient and employee fraud, according to Michael Friedman, acting CEO of Cannabis Medical Solutions.
"It is a live database. If there is a copy of the script or a fraud being committed, staff would see that the script was filled at another location, because of the finger scan," Friedman said. Also, employees and other parties will not be able to steal marijuana or money from the machines. "It is all done via the machine, and the credit-card processing is sent directly to the corporate bank account," Friedman said.

The current system at most medical marijuana dispensaries is not as safe and sanitary as at the kiosks, Friedman said. Most are cash-based systems with multiple medical strains that are stored in glass jars. "If you take money out of an ATM, there is a lot of cause for theft and crime. [The biometrics terminals stop] all these medical strains from being out there and handled," Friedman said.

Cannabis Medical Solutions will be conducting beta tests this month and next at dispensaries in California, Colorado, and Montana. Friedman expects the new technology to take off fairly quickly. "There are 700 dispensaries in Colorado alone," Friedman said.

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darhym
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Cannabis Medical Solutions Announces Agreement to Provide Merchant Services for up to Thirty (30) Medical Marijuana Wellness Centers in Montana

ress Release Source: Cannabis Medical Solutions, Inc. On Tuesday April 26, 2011, 10:00 am EDT
LOS ANGELES, April 26, 2011 (GLOBE NEWSWIRE) -- Cannabis Medical Solutions Inc. (http://www.cannabismedsolutions.com/) (OTCBB:CMSI - News), a leading company specializing in merchant payment solutions and financial products for the medical marijuana and health care industries, today announced an agreement to provide financial payment and processing solutions to an additional thirty (30) new Medical Marijuana dispensaries in the state of Montana. The Montana wellness centers will also be the participating in the CMSI MediPayment patient card, allowing for payment, tracking and medical records of all medicine purchases for the location.

"With potential legislation changes in the state of Montana pending, we are confident that state officials in Montana will recognize the many benefits of the MediPayment patient card. The MediPayment card is the most viable payment solution for patient tracking and virtually eliminating payment fraud or associated crimes within the sector. We hope to prove MediPayment as the standard and required payment solution for all states allowing the legal purchase of medical marijuana," stated Michael Friedman, acting CEO for Cannabis Medical Solutions.

CMSI will charge a flat fee per month of $4.95 per card, with no merchant service charges to the centers. Presently, the state of Montana has over 1200 registered caregivers and approximately 70,000 registered patients.

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About Cannabis Medical Solutions

Cannabis Medical Solutions Inc. (OTCBB:CMSI - News) (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.

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darhym
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http://www.cannabismedsolutions.com/
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