First, not sure that MJNA's touted products are all that valuable...do we really need an accounting/tax tracking method designed specifically for the Medical Marijuana industry, or instead is it more cost effective to hire a book keeper, accountant, or invest in some other basic small business accounting software program? Their other product, Certified Testing and Gradation Solutions I see as being somewhat problematic as well. How many small Medical Marijuana dispensaries, care givers or growers can afford Certified Testing, and further, Certified Testing paints a rather bleak picture of a Medical Marijuana industry owned and controlled BY BIG BUSINESS, and I am not convinced that this industry and Medical Marijuana patients are best served by a BIG BOX business model for the industry...see the CEO's comment that he wants Medical Marijuana Inc. to be the McDonalds of Medical Marijuana...can we say FRANCHISING anyone?
Should you invest...that's your call based on your own stomach for risk. The 10/1 stock split has me leery...that said, the price is right, and if you have some mad money you can afford to toss in the pot as it were, this might be a company worth picking up some shares in. Below is some information on the company...going to keep and eye on them here, but not prepared to put them into our Top Medical Marijuana stock picks over on Medical Marijuana Society investments page even with the LIMITED number of investments currently available.
Medical Marijuana Home-There is NOT a lot of information to go on here, but thought I would share the link.
Medical Marijuana, Inc. ("MMI") (OTC: MJNA), an Oregon Corporation, was founded in March 2009 for the purpose of providing advanced business solutions to the rapidly expanding Medical Marijuana industry.
We provide integrated tax oversight and collection solutions to local, state and federal governments, while also providing business management solutions to the industry that will confidently ensure compliance with local, state and federal regulations.
MMI will also soon provide Certified Testing and Gradation Solutions to establish and maintain high-level quality control of potency, strain and contaminants.
MMI provides fully compliant turn-key management solutions to Independent Operators of Medical Marijuana collectives, co-ops and dispensaries, allowing investors to confidently enter this arena in full compliance from the start.
MMI is in discussions to acquire an institutional level testing and grading solutions company and its products.
MMI intends to provide testing and grading products and services to the Medical Marijuana Industry, from personal test kits for safety to institutional level testing and grading to determine quality and potency, as well as to identify potential contaminants.
MMI testing equipment and services will soon be available to individuals, growers, dispensary operators and government institutions for public safety.