Cannabis Science Signs Major Distribution Agreement
August 22 2011 - 2:30PM
Marketwired
Cannabis Science, Inc. (OTCBB: CBIS) announced today that they have
signed an exclusive distribution agreement to distribute
Prescription Vending Machines (PVM) worldwide.
Medical marijuana in the US is estimated to reach $1.9 billion
in sales this year; this agreement between Cannabis Science and PVM
should begin standardizing the dispensing of marijuana for medical
use and increase its legitimacy in the pharmaceutical industry and
increasing sales.
The two companies will share jointly in all proceeds on the
placement of these specialized dispensing machines and specific
consulting services provided by PVM. Cannabis Science will solely
derive additional revenues by licensing formulations and products
to existing and new PVM clinics. PVM generated $3.6 million in
revenues over the last 4 quarters.
For more information please visit www.cannabisscience.com
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BIIB)
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