Medical Marijuana, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company earned net income of approximately $3.39 million on gross revenues of $5.10 million. This represents a gross revenue increase of over $2.0 million compared to the prior quarter ended Sept 30, 2012. When compared to the same quarter ended December 31, 2011 this represents revenue increase of $4.5 million and over 1,100%. Additionally, confirming the strong growth of the Company's core business, revenue increased approximately $2.2 million and net income rose by over $2.0 million when compared to the most recent third quarter 2012.

Revenues for 2012 totaled $12.38 million and net income was $7.1 million.