skip to Main Content


NEWPORT BEACH, Calif., Dec. 17, 2015 – Frank Marino has resigned as president, CEO and board member of MJIC Inc. effective immediately due to health-related reasons.

David Friedman will become CEO of MJIC Inc. The executive team will remain intact and Randy Shipley will assume the role of Chief Revenue Officer.

“We want to thank Frank for his contribution to both the company and the industry and extend our thoughts and prayers to him and his family as he faces the challenges to come,” Friedman said. “Despite the circumstances we are well positioned to continue to build on the success MJIC has experienced and we expect no interruption in our operations during the transition.”

“I’m afraid that under the circumstances I would be doing our shareholders a disservice to remain in my current position. I fully believe in this management team and I’m confident that they will build out MJIC to its full potential,” Marino said.

About MJIC Inc.

MJIC Inc. is a holding company that operates businesses in the legal marijuana space including its portfolio of media related properties, distribution, branding and financial services.

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Stories

Japan Stays Tough on Cannabis as Other Nations Loosen Up

From an early age, Japanese society had conditioned Takayuki Miyabe to fear marijuana. But that was before his infant daughter was diagnosed with a rare form of epilepsy. Desperately scouring the internet for a cure, he came upon an unexpected savior: a derivative of cannabis called CBD. During a business trip to California, he bought…

Key vendor in Missouri’s medical marijuana program hit with $28 million judgment

A company hired by the state to score applicants for medical marijuana licenses has lost a $28 million lawsuit brought by one of the jilted companies. In the latest legal fallout from Missouri’s rocky rollout of its medical marijuana program, Wise Health Solutions was sued by GMT Consulting, which had joined a rush of companies seeking…

Virginia lawmakers explore an earlier start for retail marijuana sales

The start of marijuana retail sales in Virginia could come sooner than initially planned as lawmakers continue to discuss the ground rules for the new industry. The commission that oversees implementation of state legislation that legalized marijuana recently created a subcommittee that will draw up recommendations on how to expedite the start of retail sales…

Legalize recreational marijuana, tax at 15%, South Dakota pot panel says

The South Dakota Legislature should legalize, regulate and tax recreational marijuana, according to a panel of lawmakers who’ve spent months studying cannabis policy. The Marijuana Interim Study Committee wrapped up the work it began last spring Wednesday, when it formally adopted a recommendation to be sent to the full Legislature that would end South Dakota’s prohibition…

More Categories

Back To Top
×Close search