May 112013
 May 11, 2013

medbox medical marijuana businessweek bloombergMedbox, Inc. (OTC Markets: MDBX) (www.medboxinc.com), a leader in providing consulting services and patented systems to the medical and retail industries, announced today that their company has been featured in an article in Bloomberg Businessweek. The report profiled the company, the management team, and the company’s core product.

“The devices sit behind sales counters at state-licensed marijuana dispensaries. Biometric technology identifies the fingerprints of patients carrying state-issued medical marijuana cards,” the article stated. “A database tracks everything so that patients can’t buy more than their legal allotment, clerks can’t pilfer the merchandise, and states can collect taxes.”

With a Pew Research Center poll finding broad support for legalization, the legal and medical marijuana industry is gaining momentum. IBISWorld estimates legal sales this year will be $1.7 billion, rising to $5 billion by 2018.

“We are in the right place at the right time,” according to Bruce Bedrick , CEO of Medbox. “We’re the leading player in an industry that’s ready to explode.”

The Bloomberg article noted that while the industry may raise a few eyebrows, Medbox is actually a quite conservative company. “It’s a conventional business model – which is the point,” the article stated.

Where the product is already legal and controlled, states levy taxes, set hefty registration fees, and establish detailed regulations such as mandates for fungus testing. Washington State alone estimates marijuana taxes and fees could generate $2 billion in revenue over five years.

This new “gold rush,” as Bloomberg described the growing marijuana industry, is going to become “as mainstream as Miller Lite.”

To view the Bloomberg Businessweek article, visit: http://www.businessweek.com/articles/2013-05-09/medbox-dawn-of-the-marijuana-vending-machine#p1

The print edition of the Bloomberg Businessweek article will be distributed on Monday, May 13, 2013.

For more information on Medbox, visit: www.thedispensingsolution.com

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 quoted 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 towww.medboxinc.com.

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About Johnny Green

Johnny Green is a marijuana activist from Oregon. He has a Bachelor's Degree in Public Policy. Follow Johnny Green on Facebook and Twitter. Also, feel free to email any concerns.
  • rebecka buck

    dude when is holden going to get o his fucking ass and leaglize the weed dream in oregon i am on disability and have ptsd and don’t have enough to obtain a medical pot card at the moment i had one in washington but it don’t work here leaglization would help me obtaine it and the process of the card would be easer how ever my kids want me back on pot becuase it made me play with them more and i was more loose and relaxed. i never got stoned of my ass unless it was night time and they where in bed and that was some good ATF how ever the white widiow made it easer to to consontrate now i can’t get the medication i lost at 10 lbs and my fat content becuase when i am stressed i have stressed induced anerexia so get this man to leaglize it i am tiered of waiting for the last almost three months it is bull shit and as it sounds it sounds like he’s about ready to lose his job over the begozie thing we’re is the speady trile of disision it is yes or no please get this man off his ass and make him give his disition becuse yes or no could have been saif in april in oregon it is just down right rediculice and if he looses his job we all know the next bastared to get it there will refuse to go with it. we need to place a petition to oboma as well for his disition it will probobly be a lot more faster then eric holders since he sits there with his fingure up his nose and looks stoned in all his pictures any way he needs to leaglize it. the next hearing better have a damn disision becuase a surprime court and senit judicail can approve it or what i aced in history was a damned fool lie and obama could sign it into law.
    becuase doctors an’t talk about it i don’t know where to send my 20.00 to get registered and losing wait becuase i have no appatite is fucking rediculious i qulifiy but there is no infermation where to send it i could send it to salem but where i do qulify in two places so this is easer just to leaglize it so i don’t have to worry about it.