Cannabis Investments and News. Roots of a Budding Industry.™



Cannabis Medical Solutions Announces New Merchant Services Agreements for Three Additional Wellness Centers in California

Company to Provide Merchant Services, Patient ID Cards and Digitized Personal Health Records to Patients

LOS ANGELES, July 6, 2011 (GLOBE NEWSWIRE) -- Cannabis Medical Solutions Inc. (http://www.cannabismedsolutions.com/) (OTCBB:CMSI), a leading company specializing in merchant payment solutions and financial products for the medical marijuana and health care industries, today announced an agreement to provide merchant payment solutions to at least three additional licensed medical dispensaries and wellness care centers in the state of California. The agreement will enable CMSI to provide merchant services to help eliminate cash only transactions, provide patient ID cards for debit transactions and tracking, as well offer digitized personal health records for patients through its partner network.

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Altitude Organic Medicine - Colorado Springs Significantly Increases Sales and Receives "Best Of" Scientific Test Rating

PHOENIX, July 1, 2011 /PRNewswire/ -- Altitude Organic Corporation (ERBB.PK- News) a leading national, publicly-traded medical marijuana company, is pleased to announce the company's Colorado Springs medical marijuana center continues to attract new patients and significantly increase sales. The quality of the stores' products and impeccable customer service continue to build customer loyalty and the overall patient experience at the location. Altitude Organic Medicine - Colorado Springs has begun testing many of the cannabis strains featured there. The store recently scientifically tested its popular BubbleGum strain for purity and potency at Full Spectrum Laboratories. Full Spectrum Laboratories posted the Altitude Organic Medicine BubbleGum cannabis test in its "Best Of" section on their website. The Altitude Organic Medicine "BubbleGum" testing and purity rating can be viewed at http://fullspectrumlabs.com/featured/.

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Smokefree Innotec Accepts Resignation of President Thomas Schroepfer Today

LAS VEGAS, NV--(Marketwire - Jul 1, 2011) - George Roth, CFO, of Smokefree Innotec, Inc. (PINKSHEETS: SFIO), an established international distributor of e-cigarettes (http://www.sfio.us or http://www.realsmokefree.com), announced that it has come to the attention of the Board of Directors of SFIO that the United States Securities and Exchange Commission has issued a press release today naming individuals allegedly engaging in actions which may have involved federal securities law violations, including one that describes SFIO's President Thomas Schroepfer as having participated in a transaction the Company believes involved a total of $40,000 in May 2009. As a consequence, Thomas Schroepfer has tendered his resignation which the Board of Directors has accepted effective immediately.

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Reuters: Three CEOs, 2 others charged in penny stock fraud

reuters.com reports:

NEW YORK, June 30 (Reuters) - Three chief executives and two stock promoters were criminally charged with engaging in fraudulent penny stock schemes, after a probe that involved undercover FBI agents, federal investigators said on Thursday.

The U.S. Department of Justice said the executives charged include Donald Klein, 40, of KCM Holdings Corp (KCMH.PK); Douglas Newton, 66, of Real American Capital Corp (RLABD.PK); and Thomas Schroepfer, 54, of Smokefree Innotec Inc (SFIO.PK).

Read the full story at reuters.com

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Cannabis Science Announces Critical Cancer Patient Dr. Lynnice Wedewer, Ph.D., Cured Seven Times By Medical Cannabis

The Company Plans A Documentary Featuring Dr. Lynnice Wedewer, Ph.D., And Other Cancer Patients Being Treated with Medical Cannabis

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Cannabis Science Inc. (NASD OTCBB: CBIS) a pioneering US biotech company developing pharmaceutical cannabis products, is pleased to announce that it has been contacted by Lynnice Wedewer, Ph.D. who is a 34 year multiple cancer patient survivor who has been cured of 7 of her 8 cancers in a major part because of medical cannabis. Dr. Wedewer wishes to share her story through Cannabis Science and help our case and education towards general acceptance of medical cannabis as a natural and viable treatment for cancer.

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Phototron Holdings, Inc. Launches New Patent Pending Pro LED Phototron Hydroponic Grow System

Perfect Solution for the Grow at Home Medical Marijuana Market

WOODLAND HILLS, CA--(Marketwire - Jun 28, 2011) - Phototron Holdings, Inc. (OTCBB: PHOT) (OTCQB: PHOT), the designer, manufacturer and seller of the PHOTOTRON Hydroponic Indoor Grow System, announced the launch of its newly designed Pro LED Phototron Grow System.

"Our new patent pending Pro LED Phototron offers huge benefits to the home grower. Powered by energy efficient LED light, the unit delivers the equivalent of 1,000 watts of growing power while consuming only 320 watts of electricity. It saves energy, and drastically reduces heat," said Craig Ellins, Phototron Holdings, Inc., Chairman of the Board. "The unit contains both blue and red LED lighting. Blue LED's provide optimum light for the growing, while red LED's shift bud formation into high gear. These features are important for the cultivation of medicinal herbs such as medicinal cannabis (medical marijuana) and chamomile."

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