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Medical Marijuana, Inc. Portfolio Company PhytoSPHERE Systems, LLC Cites Broad Applications of its 2013 Harvest of Uniquely Valuable Hemp Oil
Date:12/12/2012

ted processes, genetically consistent products and tissue culture-based plants will give us the ability to produce the cleanest and highest quality ingredients for consumer/food grade products. 

Significantly, however, it will also position us to provide superior pharmaceutical grade extracts and compounds.  While we are currently poised to expand in the CBD market, we realize the full potential in expanding our portfolio beyond hemp-based products.  As legislations continue to change at the state and national levels—not to mention internationally—we look forward to vastly increasing our offerings with THC based products.  In Colorado alone, the legal medical marijuana market is presently a $46 million annual industry.  Washington state's Office of Financial Management recently mentioned their state-wide "fully functioning marijuana market" could result in $1.021 billion in gross in-state sales, given both medical and recreational usage.  Further, the Office stated that the national market, so extrapolated, could result in a US marijuana marketplace of $46.42 billion.  Link: http://mmjbusinessdaily.com/2012/11/26/potential-us-marijuana-market-estimated-at-nearly-50-billion/.  This estimation is considering just actual marijuana sales, not peripheral industries and those additional revenues.  We look forward to embracing this potential.

Medical Marijuana, Inc., with its subsidiary PhytoSPHERE systems, is proud to be at the forefront of this market and to offer a streamlined, all-encompassing company in which its shareholders may participate in our multiple streams of future growth. 

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
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SOURCE Medical Marijuana, Inc.
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