Medbox, Inc. Featured in Multiple Media Stories in Massachusetts and California Company focuses on safety and compliance in a growth industry that is providing new jobs and tax revenues
HOLLYWOOD, Calif., Nov. 29, 2012 /PRNewswire/ -- Medbox, Inc. (OTC Markets: MDBX) (www.medboxinc.com), announced today that their company and their unique and patented biometric medical marijuana dispensing system has been featured in several prominent news reports in recent days. The Medbox system provides patients with safe, compliant, and carefully managed access to cannabis-based health care products in states that have legal medical marijuana programs.
Medbox opened an office in Natick, about 20 miles west of Boston, for appointment-only meetings with law enforcement, legislators, doctors, and those interested in starting dispensaries in Massachusetts. The state became the 19th in the country to approve medical use of marijuana in the recent November election.
The Boston Globe's online site, Boston.com reported, "Medbox software and technology allows dispensaries to keep close tabs on each of their patients, assigning each prescription-bearing client with a HIPAA-compliant ID card that they must swipe, accompanied by a fingerprint scan, in order to gain access to the dispensary's goods.
"The software also allows the dispensary to input when the patient's prescription expires, how much they are allowed to receive, and can even render the whole transaction cash-less through the Medbox-assigned ID card."
The Boston Herald reported that medical cannabis will bring lots of jobs. "Medical marijuana — already a $1.7 billion national business rivaling Viagra in annual sales, could become a multimillion-dollar industry here." The Herald states that businesses that will gain from this new "green rush" included chefs, testing labs, lawyers, insurance agents, agriculture schools, and companies like Medbox that provide consultation, permits, legal guidance and technology to people seeking to run a dispensary, as well as help them obtain licenses and approvals to build, equip and operate a safe and compliant medical marijuana clinic.
The MetroWest Daily News commented that Medbox is not only in the medical marijuana business. They also work with traditional pharmacies, doctor offices, hospitals and hospices – providing systems that control access and dispensing of prescription medicines. "While marijuana is a focus currently in Massachusetts and the company has more than 120 machines and/or POS systems in use at marijuana dispensaries around the country, the product is also gaining popularity for use with other medications," the publication reported.
"Our technology is the safest, most secure, most legally-compliant way to store inventory and to control and dispense pharmaceuticals," according to Dr. Bruce Bedrick, CEO of Medbox, Inc. "We are really trying to change the way people acquire medicine of all types."
Medbox was also featured on Fox News in Los Angeles. In a story that focused on the recent dramatic rise in Medbox stock price, Vincent Mehdizadeh, the founder of Medicine Dispensing Systems, Inc., a Subsidiary of Medbox, Inc., commented, "In a down economy people are looking for a feel-good story they can draw inspiration from... At least for the moment, our company is exactly that."
To read the story on Boston.com, visit: http://www.boston.com/yourtown/news/natick/2012/11/medical_marijuana_dispensary_t.html
To read the story in the Boston Herald, visit:
To read the story in the MetroWest Daily News, visit:
About Medbox, Inc.:
Medbox is a leader in the development, sales and service of automated, biometrically controlled dispensing and storage systems for medicine and merchandise. Medbox has offices throughout the world, including New York, Arizona, Connecticut, Massachusetts, Tokyo, London and Toronto, and has their corporate headquarters in Los Angeles.
Medbox provides their patented systems, software and consulting services to pharmacies, dispensaries, urgent care centers, drug rehab clinics, hospitals, prison systems, hospice facilities, and medical groups worldwide.
Medbox, Inc. is a publicly traded company, and is listed on the OTC Markets, ticker symbol MDBX.
For more information on Medbox, please contact the Medbox Investor Relations Department at (800) 762-1452 or go online to www.medboxinc.com.
SOURCE Medbox, Inc.