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Medbox Partners with Licensed Medical Cannabis Laboratory and Cultivation Center in Canada
Date:10/19/2013

y the licensed producer/distributor,
  • Development and product placement of next generation Medbox machines that are outfitted with additional security features that will allow the equipment to act as a "medicine vault" meeting or exceeding all specifications set forth in Canadian law as to storage of controlled substances,
  • Expanding of Medbox's market to allow for equipment placements in doctors' offices and cultivation centers to monitor dispensing of medications to facility staff prior to reaching the end user.
  • "The Canadian government has adopted laws regulating cannabis and how it is to be produced and distributed. This key development actually puts Canada ahead of the United States with respect to the governmental medical marijuana race we are now seeing worldwide," stated Vincent Mehdizadeh, Chief Operations Officer at Medbox, Inc. "With new markets opening up in various countries globally, while we are encouraged by the leaps and bounds that we have seen in the United States, we would be remiss if we did not capitalize on opportunities in other jurisdictions that are 100% condoned on a federal level."

    Company executives reiterate that these Canadian activities are meant to enhance the company's core business in the United States and allow the company to be in a "first mover" position once an open market exists in the United States as it soon will in Canada.

    "Medbox has existing relationships with over 150 dispensary operators in the United States as a technology supplier and industry consultant," added Mehdizadeh. "We anticipate that this number will grow to over 500 dispensaries within the next few years. These relationships are extremely valuable and allow for us to market medicinal products to these dis
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    SOURCE Medbox, Inc.
    Copyright©2012 PR Newswire.
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