Cannabis Science Issues Corporate & Operations Guidance To Shareholders In Regards To Dividend, Market Potential, And Anecdotal Reports

Cannabis Science, Inc. (OTCBB: CBIS.ob - News), a pioneering US biotech company developing pharmaceutical cannabis products, is pleased to report 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.

The Company is currently tracking several self medicating cancer patients, there have been anecdotal reports, apparently successful, of self-medicated cannabis treatment for several cancer patients, including one whose physician said it was "the worst case of squamous cell carcinoma cancer he had ever seen,” while another physician refused to continue tending. Images and biopsy reports available on the www.cannabisscience.com website.

Cannabis Science is currently assessing market makers for the required 15c211 filing for the new class of shares to commence trading. The 15c211 filing is one of the many steps required to issue and commence trading with the new class of shares to be issued from the dividend including a new CUSIP number and new trading symbol.

On November 3, 2011, Cannabis Science, Inc.(the "Company"), filed an amendment to its Articles of Incorporation to create an additional class of common stock pursuant to the Company's Definitive Information Statement on Schedule 14C which was filed with the Securities and Exchange Commission on August 18, 2011 (information incorporated by reference herein).

Upon completion, the Company will have three classes of shares: Class A Common Stock (new class), Class B Common Stock (current class) and Series A Preferred Stock. Only two of the classes will trade; Class A Common and Class B common will each trade with its own separate trading symbol. The Company will issue the dividend to its shareholders of record as of December 31, 2010, so they receive 1 share of the new Class A common stock and 1 non-transferable share purchase warrant for each 10 shares of the current common stock that they owned as of the shareholder record date. The Company will continue to report progress as the process continues to move forward until competition.