COLORADO SPRINGS, Colo., Feb. 3, 2014 /PRNewswire/ -- Cannabis Science, Inc. (CBIS
), a U.S. Company specializing in cannabis-based pharmaceutical development and related consulting operations, provides shareholder clarity and growth guidance for its gross profit sharing exclusive and non-exclusive agreement in select markets with MDS, a subsidiary of Medbox, Inc. Under the terms of the agreement Cannabis Science (CBIS) has a 50/50 gross profit exclusive on any and all MDS equipment sales in Canada and other select markets. Both CBIS and MDS have multiple opportunities in Canada based on recent developments with medical cannabis in that market. Other countries will follow pursuant to the agreement as CBIS moves forward aggressively in Europe and South America.
Details of the Cannabis Science (CBIS
) and MDS agreement are as follows:
Cannabis Science (CBIS
) and MDS signed a Worldwide Distribution Agreement effective August 10, 2011.
Pursuant to the terms of the agreement, Cannabis Science (CBIS
) enjoys certain worldwide rights as MDS's exclusive and non-exclusive distributor of all MDS products for the Continents of Asia, Africa, North America, South America, Antarctica, Europe, and Australia/Oceania as set forth below;
Asia (All exclusive, excluding Russia, the Ukraine, Georgia, Belarus, Estonia, and Latvia)
Africa (All exclusive)
North America (All exclusive, excluding the United States of America)
South America (All non-exclusive)
Antarctica (All non-exclusive)
Europe (All exclusive, excluding United Kingdom)
Australia/Oceania (All exclusive)
The companies shall jointly share in the proceeds on placement of specialized cannabis dispensing safes in cultivation facilities for use in mitigating inventory and dispensing to personnel for delivery to the end user. Cannabis Science (CBIS
) shall solely derive additional revenue by licensing its formulations and products to existing MDS clinics as well as newly formed clinics worldwide, as permitted by law.
President Barack Obama heads to Lansing, Mich., on Friday to sign a landmark piece of agricultural legislation, but don't be surprised if talk surrounding the event centers on more controversial subjects.
Makes sense, very concerning lack of Sun activity seen. This was not predicted
Will the FDA take this Bold step. What national gas station will be the first to ban tobacco sales ? Will States and The US government back off when they realize the lost tax revenue from banning cigarettes as a legal product ? and lower taxes on it. Have these anti-cig ads gone to far ?
US Hemp Oil is dedicated to the procurement, processing, marketing and distribution of bulk wholesale hemp seed, hemp oil, protein, food and hemp body care products. US Hemp Oil is determined to bring hemp food products into the mainstream by creating greater public awareness and media exposure for the exceptional nutritional profile of hemp seeds and the environmental benefits of growing industrial hemp.
The company seeks to provide top quality hemp nutritional products to top athletes and educated consumers alike. These products will initially consist of organic hemp oil and organic hemp protein powder with additional hemp food and nutritional products to follow.
US Hemp Oil is positioned to be an innovative agri-food processing company with multiple location sites. Our large corporate customers will include other value-added companies from the food processing industry, as well as organizations involved with nutritional supplements, sports nutrition products, natural foods, cosmetics, and hemp products for industrial use.
We currently import quality hemp nutritional products from overseas sources and provide the marketplace with these fine products. US Hemp Oil’s Christopher Boucher, perhaps the leading expert on industrial hemp in the United States, will be in charge of our production facilities – ensuring that consumers receive the finest industrial hemp nutritional products available.
US Hemp Oil seeks to develop the United States industrial hemp industry. In an ideal world, we seek to contract with local farmers to help us produce a more extensive industrial hemp crop in states that have legalized the cultivation of industrial hemp like Colorado, Washington and California.
The company is also developing business plans to locate a hemp seed processing mill near our family of farmers within the State of Colorado. This factory will convert hemp seed into nutritious oil, protein powders, bread flour, and de-hulled hemp seeds.
US HEMP OIL
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check out US Patent 6630507 titled “Cannabinoids as antioxidants and neuroprotectants” which is assigned to The United States of America, as represented by the Department of Health and Human Services.
The patent claims that -
“Cannabinoids have been found to have antioxidant properties, unrelated to NMDA receptor antagonism. This new found property makes cannabinoids useful in the treatment and prophylaxis of wide variety of oxidation associated diseases, such as ischemic, age-related, inflammatory and autoimmune diseases.The cannabinoids are found to have particular application as neuroprotectants, for example in limiting neurological damage following ischemic insults, such as stroke and trauma, or in the treatment of neurodegenerative diseases, such as Alzheimer’s disease, Parkinson’s disease and HIV dementia.”
The patent was obtained in October of 2003.
Cannabinoids, for those who were wondering, are a group of chemical compounds found in marijuana that are also referred to as terpenophenolic compounds. One specific cannabinoid compound found in cannabis is tetrahydrocannabinol, more commonly known as THC. This substance gives marijuana its psychoactive effects.
The US government may hold this patent, but that will not stop their officials from consistently denying the benefits of #$%$. An FDA spokesperson, for instance, has claimed that “smoked marijuana has no currently accepted or proven medical use in the United States and is not an approved medical treatment.”I guess she didn’t get the memo.
It makes you wonder why the U.S. government is so unwilling to admit that marijuana has some valid medical properties. It seems unlikely that there is a popularity issue, especially when 60% of Americans believe that doctors should be allowed to prescribe marijuana. Maybe there are some lobbyists or bigwig campaign contributors that would get a little upset.
Since one part of the government applied for the patent of #$%$, and another part of the government approved that patent, it seems logical to conclude that the federal government knows that marijuana has some valid medical properties.
This could start an ugly trend. Now could this Possibly Cause a secondary wave of lawsuits against enterprises that sell cigarettes. The attack contiunuees on on second front. Is Walgreen's next ? Then Walmart ?