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Medical Marijuana Player, Cannabis Science Issues Earnings Guidance for 2012 Forecasted at $6,846,000 and Potential Increased to $65,740,000 in 2014 with $0.02 Per Share Positive Earnings
Date:1/4/2012

NEWPORT BEACH, Calif., Jan. 4, 2012 /PRNewswire/ -- Cannabis Science, Inc. (OTCBB: CBIS.OB), a pioneering US biotech company developing pharmaceutical cannabis products, has issued strong Sales Guidance and Outlook for 2012 earlier last week on December 29, 2011. There are three main markets for Cannabis Science Brand formulations for distribution, FDA approved prescriptions, OTC Non-psychoactive Neutroceuticals, and licensed dispensaries in legal Medical Marijuana states (currently 16). Cannabis Science sales for 2012 are forecasted to be $6,846,000 and has the potential to increase to $65,740,000 in 2014.

This sales forecast translates into positive earnings of $.02 per share earnings for 2014. Cannabis Science is dedicated to working with Federal, State, and Local regulatory agencies, as well as similar agencies in other countries such as Health Canada, and other international regulatory bodies. This forecast includes sales from both the MEDBOX strategic alliance and the revenues from its licensing fees from cannabis-extract based formulations. The above average growth in sales and revenue from 2012 to 2014 is due to the release of additional formulations and a higher number of license agreements as Cannabis Science expands into additional states and international markets over the next three years.

Cannabis Science also prepared a model to forecast sales upon FDA approval. The FDA approved model shows average sales of $279,120,000 in annual sales and revenue of each of their cannabis-extract based formulations once Cannabis Science's application for a FDA license is approved. Cannabis Science explained this forecast does not include any potential revenues thru signature fees from a distribution agreement for Cannabis Science formulations either here in the United States or in any International markets. As an example GW Pharmaceuticals received $18 million USD for distribution rights in Europe for their formulation for Sativex. Cannabis Science
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SOURCE Cannabis Science, Inc.
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