Medical Marijuana Colorado

Colorado medical marijuana is stepping into the stock market ring. Medical Marijuana, Inc. is the first medical marijuana company to be offered on the stock market, spinning off two subsidiaries on a share for share basis (pre 10 for 1 forward split) of shares of Club Vivanet, Inc. (a Florida corporation) and MyNewPedia Corp. (a Colorado corporation). While it does not trade on the NYSE or NASDAQ, the stock does trade over-the-counter under the ticker CVIV and is listed as Medical Marijuana, Inc. on the pink sheets. According to the company, the patent filed for its invention potentially satisfies various governmental and medical marijuana dispensaries’ needs for tax collection in the medical marijuana industry in Colorado and beyond. Whether the company will take off remains to be seen, but current Chairman and CEO, Bruce Perlowin is hopeful about the company’s future.