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Medical Marijuana Inc. in a Strong Market Position with Amendment 64 in Colorado, Initiative 502 in Washington and the Pending Ninth District Decision Regarding the Schedule 1 Status of Medical Marijuana on a Federal Level
Date:11/2/2012

If passed, 502 would license and regulate marijuana production, distribution and possession for people 21 and over. It would also remove state criminal and civil penalties for limited possession of marijuana, impose an excise tax on marijuana sales and earmark some revenue for substance abuse prevention, research and education.

As numerous sources indicate, the economic factors of passing these bills are compelling. According to the Associated Press, analysts project that tax revenue could generate somewhere between $5 million and $22 million a year in Colorado alone. Economist Christopher Stiffler at the Colorado Center on Law and Policy says the number could be as large as $60 million dollars added to state coffers by 2017.

For MJNA's Red Dice Holdings LLC and its licensee, Dixie Elixirs brand, a positive vote has the potential to increase the product's current customer base from approximately 104,000 registered patients in Colorado to in excess of one million customers in the state. If the legislation is successful in Washington, Red Dice Holdings, LLC will seek additional licensing agreements with properly authorized manufacturers in the state.  This licensing could expose the Dixie brand products to hundreds of thousands of potential customers there as well. Regardless of the Colorado Amendment 64 outcome, the brand will remain positively positioned, as 60 Minutes stated on its Oct. 22 episode, as "the leading manufacturer of edibles in the industry." 

As the company expands, MJNA will continue to grow its family of nationally branded Hemp products both through acquisition and in-house development.  Another example is the company's CanChew Biotechnologies subsidiary, which
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SOURCE Medical Marijuana, Inc.
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