Legal Medical Marijuana Industry Goes Through Significant Changes as Progressive Regulatory Developments are Implemented - Company Aims to Take Advantage of Latest Developments

CORAL SPRINGS, Florida, July 24, 2014 /PRNewswire/ --

Cannabis and Legal Medical Marijuana companies adapt to latest industry developments with innovative operations and products to meet evolving expectations of both consumers and government regulations: OSL Holdings (OTC: OSLH), Hemp, Inc. (OTC: HEMP), FutureWorld Corp. (OTC: FWDG), Cannabis Science, Inc. (OTC: CBIS) and Terra Tech Corp. (OTC: TRTC)

OSL Holdings (OTCQB: OSLH) earlier today released a letter to its shareholders from its CEO, Bob Rothenberg.  Highlights from the OSLH Letter - "There have been significant changes in the legal medical marijuana industry. Those changes, we feel, have created additional enterprise value for OSL Holdings and continue to validate OSL Holdings' business model. These progressive regulatory developments and changes, at the state and federal level, have inspired OSL Holdings to refine its mission to enter the legal medical marijuana markets when federal law permits.  OSL Holdings Inc. is company predicated on a socially conscious business model dedicated to consumer advocacy, social activism and the advancement of civil liberties through the power of commerce.  OSL specializes in serving affluent, liberal and libertarian consumer groups, a constituency that responds to cause marketing and activism. This mission is the foundation for the work OSL Holdings does through OSL Medical Services, a wholly owned subsidiary of OSL Holdings.

To Read the entire OSLH letter to Shareholders please visit http://www.fnmprofiles.com/profiles-oslh.html

OSL Medical Services is a development platform centered on the development and financing of indoor gardens and cultivation facilities, production technologies, and merchandise and operational services for businesses in the herbal and supplement industry.  OSL Medical Services is designed to support its clients with branding, technology, marketing, logistics, and future planning services on a state-by-state basis throughout the United States. The company will deliver services in five areas: 1) Production, growing and genetics; 2) Warehousing and logistics; 3) Retail and operations; 4) Marketing and sales; 5) Franchising and licensing.  OSL Medical Services will provide these support services in compliance with all federal, state and local laws. At this time, OSL will not grow or sell marijuana, but intends to gain market share and create value for its shareholders by creating, marketing, and licensing brands as well as acquiring and licensing production technology. When federal law permits, OSL Medical Services will provide these services to legal and licensed growers and dispensers. 

We are excited about the changes taking place across America. I would like to take this opportunity to share a few of the recent developments in the legal medical marijuana industry with a view of sharing the scope of the potential that exists for OSL Holdings. "

Hemp, Inc. (OTC Pink: HEMP) recently announced its first exclusive hemp-based cosmeceutical product line for skin and body care. The launch of Hemp, Inc.'s cosmeceutical hemp-based line represents a long line of first-to-market innovations for the Company in continuing its mission of bringing new hemp products to the marketplace. Bruce Perlowin, CEO of Hemp, Inc. (HEMP), stated, "We are very excited to have our own, exclusive hemp-based cosmeceutical line. The all-Hemp, Inc. branded products represents a shift in Hemp, Inc.'s strategic business plan. Previously, we focused on custom branding our products for other companies such as MJ Lover for Him and MJ Lover for Her (http://www.mjlover.com), Herbagenix (http://www.herbagenix.com), Basic Hemp (http://www.basichemp.com), and Re-Load (http://www.re-load.biz)."

FutureWorld Corp. (OTC Pink: FWDG), the leading provider of advanced solutions to the Cannabis industry globally, with its subsidiary HempTech, recently announced that it has signed a LOI to Joint Venture with Liberated Energy, Inc. to integrate CaNNaLyTiX(TM), SmartSense(TM), SmartNergy(TM) with the Guard Lite(TM). The Guard Lite(TM) is a patent-pending light which provides many advantages for home security and/or business protection, in this case, the Cannabis industry. The Guard Lite™ uses wind and solar energy to power its security system, which consists of: High Tech LED Lighting Wi-Fi HD Camera with 2 way audio Infrared and Motion Technology. The Guard Lite™ is self-powered and will use only approximately 10% of its maximum rated wind and solar energy. By combining Guard Lite(TM) current technology with FutureWorld's intellectual property, Liberated Energy, Inc. and FutureWorld can close the loop on security, green power; power saving and proprietary Cannabis analytics for the growers. In so doing, we bring optimization for creation of the highest quality products in the marketplace.

Cannabis Science, Inc. (OTCQB: CBIS), a U.S. Company specializing in cannabis formulation-based drug development and related consulting applauds the legalization of medical marijuana usage in New York State opening the opportunity to help one of the largest US populations of patients with legal medical cannabis. As Gov. Andrew Cuomo signed the Compassionate Care Act, one of the largest marketplaces for medical marijuana has opened up to companies focused on medical grade marijuana treatments. The legalization of medical marijuana has had "overwhelming support" in state polls, State Assembly Speaker Sheldon Silver has said in a statement. Cannabis Science has been actively involved in the procurement and initiation to place treatment and scientific research for the anticipated usage in New York State. With extremely high proliferation of usage numbers coming from Colorado, a state that has legalized both recreational and medical usage, Cannabis Science is extremely excited to see a population base of almost 20 million citizens be part of regulation reform.  It is anticipated that these changes will also allow copious amounts of data to be gathered to provide evidence based therapy approach administered in a manner that protects public health and safety.

Terra Tech Corp.'s (OTCQB: TRTC) subsidiary, MediFarm LLC, recently announced that it has successfully secured a special use permit in Clark County, Nevada for a medical cannabis cultivation and production facility. On June 17^th the Company presented to the Board of Commissioners and successfully secured a special use permit for its proposed Las Vegas facility. The MediFarm team presented to the commission their extensive experience in traditional agriculture as well as medical cannabis cultivation and extraction. The Company received unanimous consent from the commission and will move forward in applying to the State for a business license to operate its cultivation and production facility. "We are thrilled to have the opportunity to move forward with our state application," explains Derek Peterson CEO of Terra Tech Corp. "This has been a lengthy process and I want to personally thank the entire team who helped put our application together. Their tireless effort has given our company an opportunity to develop a new business segment, that with state approval, could mean significant growth for us in the future."

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