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Medical Marijuana Inc / BullnBear Group Sign Final Agreement, Central American Distribution Rights to New Hemp & THC-Free Water


June 8, 2011 - SAN DIEGO, CA

Medical Marijuana Inc (PINKSHEETS: MJNA) and BullnBear Group, S.A. announced today that final terms have been reached for the distribution of pure spring water as a stand-alone product and for its use as the base of Medical Marijuana Inc's revolutionary Hemp and THC-free water beverage products.

The Agreement with BullnBear Group, S.A. (www.bullnbeargroup.com) provides for an exclusive arrangement of distribution rights of the pure natural spring water and water-related products in Central America. The Central American distribution terms provide for a $22.5 million up-front payment to Medical Marijuana Inc (PINKSHEETS: MJNA) on a 10 year distribution agreement. Under the Agreement, Medical Marijuana Inc will also be entitled to an 18% back-end royalty as a percentage from sales.

US and other international marketing rights are currently being negotiated, including offers from Europe, Asia and Southeast Asia. Several offers have been presented from a variety of distribution companies, including one that services 77,000 stores worldwide. Future distribution rights will include the four separate THC-free beverages being produced by Medical Marijuana Inc.

Medical Marijuana Inc plans to expand its product line of beneficial beverage products, many of which will be available through The Hemp Network (www.thehempnetwork.com) division.

ABOUT MEDICAL MARIJUANA INC

Our mission is to be the world's premier cannabis and hemp industry innovators, leveraging our team of professionals to source, evaluate, invest in and purchase value-added sustainable companies, while allowing them to keep their integrity and entrepreneurial spirit. We strive to create awareness within our industry, pay homage to the visionaries and activists of the past and present, provide the platform from which the industry can emerge into a global sustainable economy for all. Medical Marijuana Inc recognizes the vast and unequaled opportunities that exist in the rapidly expanding hemp and medical marijuana industries. The scientific recognition of cannabis has brought legalized marijuana use to the forefront of mainstream discussion, thus opening the door for safe and lucrative investment opportunities.

ABOUT BULLNBEAR GROUP, SA

BullnBear Group, S.A. was formalized as a corporation in October 2010 to promote business development, including importation and exportation business, between Guatemala and the more developed countries of the world. The company has had focuses in Financial Services (including corporate payroll services, remittance programs, insurance, investment banking), Agriculture, Medical, Energy and Building Materials. The company plans to shortly announce their additional business programs and new management team to the public. Please watch for additional press releases.

FORWARD-LOOKING DISCLAIMER

This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Medical Marijuana Inc to be materially different from the statements made herein.

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