May 11, 2010 (FinancialWire) — Cannabis Medical Solutions Inc. (OTCBB: CMSI) has signed an exclusive agreement with Specialized Payment Solutions Inc. of Colorado to provide merchant and financial services for up to 30 medical marijuana dispensary clients throughout Colorado and California through its alliance partner network.

Details of the agreement include that Specialized Payment Solutions will work with Cannabis Medical Solutions to provide banking, merchant and ATM services for existing clients, which presently represent approximately 30 dispensaries. The accounts are expected to reach over $7 million in gross processing volume over the next year.

"It is clear that CMSI is becoming the 'go to' source for banking and payment solutions within the medical marijuana space across the country," said a spokesman for Cannabis Medical Solutions.

Cannabis Medical Solutions presently provides services to multiple locations throughout California, New Mexico, Colorado and Montana.

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