Cannabis Science (CBIS) Reports 2012 Outlook For Company

Medical Marijuana and helping to legalize Marijuana for Medicinal purposes is the focus of Penny Stock Cannabis Science, Inc. (OTC: CBIS.OB).  The Company announced today a fourth (4th) skin cancer patient who is showing improvements from self-administered CBIS product use.

CBIS traded as high as $0.046 in today’s trading session.
CBIS closing price today was $0.0415, down -7.78% (-0.0035).
CBIS traded volume of 7,466,475, a dollar amount of $321,805 based on VWAP: 0.0431.

CBIS is trading:

  • $ 0.0005 above its 20 day moving average,
  • $ 0.0055 below its 10 day moving average and
  • $ 0.0035 below its 5 day moving average.

CBIS has a Market Cap of $10.04M with a 241.92M Share Float.

CBIS reported today an overall corporate and operations guidance outlook as very positive for 2012.

Cannabis Sciences’ analysis of the worldwide market potential for its formulations for medical cannabis treatments of critical ailments include three main markets for distribution: FDA approved prescriptions, OTC Non-psychoactive nutraceuticals, and licensed dispensaries in legal Medical Marijuana states (currently 16).

Due to this successful self medicating patient use of our cannabis extract based formulations in Colorado and other international anecdotal cases reports from patients with Cancer, Cannabis Science is pursing its FDA initiatives immediately with its initial indication targets including basal cell and squamous cell carcinomas.

Cannabis Science, Inc. is at the forefront of pharmaceutical grade medical marijuana research and development. The second formulations will address the needs of patients choosing to use concentrated cannabis extracts to treat their ailments. Eventually, all Americans will have access to a safe and effective FDA approved medicine regardless of which state they live in.

To maintain that marijuana is a dangerous, addictive drug with no medical value is scientifically absurd. Cannabis medicines, with no effective lethal dose, are far safer than aspirin, acetaminophen, and most other OTC drugs that kill thousands of Americans every year.

The Company works with world authorities on phytocannabinoid science targeting critical illnesses, and adheres to scientific methodologies to develop, produce and commercialize phytocannabinoid-based pharmaceutical products. In sum, we are dedicated to the creation of cannabis-based medicines, both with and without psychoactive properties, to treat disease and the symptoms of disease, as well as for general health maintenance.

CBIS is on every penny stock watch list and should be monitored closely for dips in stock price.

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