Cannabis Science Negotiates for Third Dispensary in California, With the First Two CBIS PRE ICO MMJ Dispensaries in Los Angeles on Schedule to Open for the Much-Anticipated January 2018 California Market Opening

IRVINE, CA, Dec. 28, 2017 (GLOBE NEWSWIRE) -- Cannabis Science, Inc. (OTC Pink: CBIS), a U.S. company specializing in the development of cannabinoid-based medicines, is pleased to announce that its expansion plans are progressing rapidly as the final negotiations have been completed for the third medical marijuana dispensary in California. The Company is preparing the final documents now to complete integration of its third medical marijuana operations for the California market opening.

This January 2018 Cannabis Science plans pre-launch sales of our own proprietary blockchain and will commence ICO trading with a unique three symbol trading symbol on a number of blockchain currency exchange markets after pre-launch sales have completed. The Cannabis Science blockchain white papers are being finalized now for January 2018 release.

“We are on track and on schedule to open the first two dispensaries in Los Angeles at the end of this year to meet the expected, increased demand in the Los Angeles market beginning January 2018 and we expect this latest acquisition to complete and be ready for opening shortly thereafter. It will be an interesting integration with our upcoming Cannabis Science Asset Backed Blockchain Crypto-Currency ICO.

“I am very proud of our team, I’ve really seen some amazing teamwork! The construction, the architecture, the patient tracking systems, the inventory tracking systems, cultivation planning, manufacturing processes and partners, all our procedures & training manuals for staff, and patient flow - we have a great management team preparing and in training now to run the drug stores. I’m just very pleased at the whole team effort; the amount of work that has been done at this point, in such a short period of time, really speaks very highly to the expertise levels of our management team.

 “Each location will be converted into the Cannabis Science brand drug store, with Grand Openings to showcase the Cannabis Science Brand of high-quality Cannabinoid and Cannabis products and accessories for patients, doctors, and the consuming public. These products will range from pills, creams, extracts, sprays, tinctures, edibles, balms, patches, oils, raw products, and merchandise. The dispensaries will showcase other brands as well for patient continuity and familiarity,” concludes, Cannabis Science Inc., President & CEO, Co-Founder, Mr. Raymond C. Dabney.

Cannabis Science Asset Backed Blockchain ICO

This January 2018 Cannabis Science plans pre-launch sales of our own proprietary CBIS Asset Backed Blockchain and will commence ICO trading with a unique three symbol trading symbol on a number of blockchain currency exchange markets after pre-launch sales have completed. The Cannabis Science blockchain white papers are being finalized now for January 2018 release.

“We have been studying the industry for some time now; we certainly believe that we have found something special for this blockchain arena, not just for the cannabis industry, but for so many unexplored industries and applications.  This endeavor is outstanding for Cannabis Science for a number of reasons as our blockchain currency can be backed with real world assets for additional ICO trading security and comfort. Bitcoin has risen 1500% this year, about 85% in the last few weeks and Futures contracts open as of yesterday.

“With Cannabis legal in about 29 states and as many as 6 more on the Ballots for 2018, payment solutions are needed for dispensaries and customers, so we plan on integrating the upcoming cryptocurrency to make this process more efficient for retailers and consumers.

“Today, most cannabinoid enterprises cannot open bank accounts, engage POS systems, and accept credit card payments. This forces the industry to use cash as the main transaction medium. Cash is employed to pay for rent, inventory, supplies, taxes, and all canna related B2C and B2B transactions,” stated Cannabis Science Inc., President & CEO, Co-Founder, Mr. Raymond C. Dabney.

The 2018 Cannabis Science Black-Tie Gala Event, Beverly Hills, California

“Now we have some REALLY GOOD reasons throw a Party! We’ve decided to open the first two dispensaries first, and then we will announce the Cannabis Science Black Tie Gala Event in the first quarter of 2018, in Beverly Hills, California.

“Yes, I’ve always maintained that the Loyalty Shareholder Gift Program is still underway, the forms are still on the website, and as I have stated many times, the Loyalty Gifts will be given to the shareholders at the CBIS Black-Tie Gala. NOTHING has changed.

“This should be billed as 'The 2018 Event of the Year' as this superlative gala hosted by Cannabis Science will highlight the need for more research and development and will focus on fundraising to benefit with the battle of killing cancer. Coined, 'Cannabis Kills Cancer.' Recognition and loyalty gift announcements will be made at the Event. Shareholders who have submitted their 'loyalty gift forms' will be pleased to know that the team has continued working tirelessly, brought on extra help, and is nearing the final process of the thousands of forms received. We are elated that our shareholders are as excited as we are; as it pertains to their gift, your patience is greatly appreciated as I'm sure you can imagine there is a lot to go through one by one. Giving Thanks and recognition to our shareholders at the Event is one of our top priorities.

“The 2018 Cannabis Science Black Tie Gala Event is for everyone! We have chosen Beverly Hills, CA as the host city for the 2018 Gala and we will announce the dates after the new dispensary openings. I, Mr. Raymond C. Dabney, am excited to finally make the Loyalty Shareholder Gift a reality and of course a few other surprises at the 2018 Cannabis Science Black Tie Gala Event.

“The Cannabis Science work is always targeted to those suffering from the many illnesses that may effectively be treated using cannabinoids. We are moving rapidly to serve these patients as quickly as possible. This Gala Event will give us a platform to reach a great number of people in need.

“Company officials state the Gala is a celebratory fundraising event, ‘Cannabis Kills Cancer.’ Celebrities and Shareholders alike will join in on this unparalleled occasion to raise money for targeted cancer treatments and other critical ailments using cannabinoids and unprecedented drug development expansions.

“CBIS through its international relationships will bring several well-known celebrities to headline the affair. Including star-studded performances, renowned athletes, medical guest speakers on drug development progress, patient testimonials, and groundbreaking lab reports from peer reviewed articles sharing the latest results on cannabinoids and cancer.

“The Event will be highlighted by a briefing of our recent successful South Africa Trip. While the work continues in the processing aspect the goal is to tie the Cannabis Kills Cancer event with shareholders and the gift from Mr. Dabney together. Nothing would please me more than to be able to shake every shareholder's hand and thank them for their support personally.

“The Event will be memorable. We will follow up shortly with announcements of the complete structure and program highlights. All our associates and partners will be using their resources to assist us in creating a most successful and effective fund-raising event, highlighting the venue, the food, and the atmosphere. We will come together for one common cause, to kill cancer. Hosting the event in Los Angeles leads to the availability of more celebrities, coupled with patient success stories and CBIS to share new product information from research to launches will be an additional gift to our shareholders. Cannabis Science, and specifically myself, have been shown nothing but respect and gratitude for our efforts in the field of medical cannabis. We truly do have the best shareholders and we plan to expand that base and our successes dramatically with this type of event," emphatically stated Cannabis Science Inc., President & CEO, Co-Founder, Mr. Raymond C. Dabney

About Cannabis Science, Inc. 

Cannabis Science, Inc. takes advantage of its unique understanding of metabolic processes to provide novel treatment approaches to a number of illnesses for which current treatments and understanding remain unsatisfactory. Cannabinoids have an extensive history dating back thousands of years, and currently, there are a growing number of peer-reviewed scientific publications that document the underlying biochemical pathways that cannabinoids modulate. The Company works with leading experts in drug development, medicinal characterization, and clinical research to develop, produce, and commercialize novel therapeutic approaches for the treatment for illnesses caused by infections as well as for age-related illness. Our initial focus is on cancers, HIV/AIDS, and neurological conditions. The Company is proceeding with the research and development of its proprietary drugs as a part of this initial focus: CS-S/BCC-1, CS-TATI-1, and CS-NEURO-1, respectively.

Forward-Looking Statements

This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing words such as "anticipate," "seek," intend," "believe," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based drugs. Cannabis Science, Inc., does not undertake any duty nor does it intend to update the results of these forward-looking statements. Safe Harbor Statement. The Private Securities Litigation Reform Act of 1995 provides a 'safe harbor' for forward looking statements. Certain of the statements contained herein, which are not historical facts are forward looking statements with respect to events, the occurrence of which involved risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.


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