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Medbox Positions Itself as the Leader on Wall Street in the Legalized Marijuana Industry
Date:4/15/2013

HOLLYWOOD, Calif., April 15, 2013 /PRNewswire/ -- Medbox, Inc. (OTC Markets: MDBX) (www.medboxinc.com), a leader in providing industry specific consulting services and patented systems to various medical and retail related industries worldwide, seeks to be the standard bearer of corporate governance and transparency in the mushrooming legal marijuana industry and has issued a progress report to its shareholders concerning the status of past, present, and future projects.

Company CEO, Dr. Bruce Bedrick , added, "Without a doubt the filing of our Form 10 is the most significant milestone for the company since its acquisition of Medicine Dispensing Systems and its related patent. In less than 60 days, our filing will be deemed effective and Medbox, Inc. will be a fully reporting company, subject to both the burdens and benefits thereof." Bedrick added, "Management welcomes the increased scrutiny and accountability that comes with our share registration. Doing so sets us apart from some of the more questionable groups in our industry, both in the minds of the investment community and the public at large."

The company has generated considerable public goodwill from hosting free educational seminars to discuss community concerns about marijuana dispensaries, to meeting with state legislators and regulators on how best to achieve legal compliance in new medical marijuana territories, to being an outspoken opponent of other companies offering consumer accessed marijuana vending machines, which Medbox feels is not a proper use of the medicine dispensing technology the company has developed. The company has compared its technology as the equivalent of the equipment hospitals use to track sensitive medications. In addition, Medbox has achieved its success and leadership role in the legal marijuana industry while deriving no direct reven
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SOURCE Medbox, Inc.
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Related biology news :

1. Medbox Files Form 10 with SEC
2. Medbox to Sponsor Free Educational Seminar in San Diego
3. Medbox Executes $6 Million Equity Transaction with Private Investment Firm
4. Medbox Partners with Bio-Tech Medical Software to Create Nations Safest Prescription Drug and Medical Marijuana Distribution System
5. Medbox, Inc. Comments on Record Trading Day
6. Medbox, Inc. Featured in Multiple Media Stories in Massachusetts and California
7. Medbox, Inc. Releases Demo Video and Collateral Media Concerning How Their Systems Will Be Used in Massachusetts Medical Marijuana Dispensaries
8. Medbox Communicates with Shareholders, Comments on Pending Transition to OTC Bulletin Board, and Announces Appearance on Fox Business News Channel
9. AVT Develops Biometrically Secure Medicine Storage and Retrieval System for Medbox RX
10. Medbox, Inc. Releases 2nd Quarter Financials
11. Medbox Safe Storage and Access Lockers Gaining Popularity
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