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Medbox, Inc. Supports Increased Regulation on the California Medical Marijuana Industry
Date:4/4/2012

HOLLYWOOD, Calif., April 4, 2012 /PRNewswire/ -- Medbox, Inc. (Pinksheets: MDBX) (www.medboxinc.com) company CEO, Dr. Bruce Bedrick, came out in favor today on California Assembly Bill A.B. 2312. Known as the Medical Marijuana Regulation and Control Act, the bill seeks to clarify and strengthen specific aspects of existing laws and regulations.

In 1996, the people of the State of California enacted the Compassionate Use Act to ensure that seriously ill Californians have the right to obtain and use marijuana for medical purposes when deemed appropriate by a physician.

In 2003, the Legislature enacted the Medical Marijuana Program Act (MMPA). Under the guidance of the MMPA, approximately 60 California cities and counties have created medical marijuana access ordinances, however, many other cities and counties are calling for more guidance and regulation from the state and have passed bans or moratoria on medical marijuana cultivation and distribution while awaiting such guidance. Because there is no effective statewide system for regulating and controlling medical marijuana, local law enforcement officials have been confronted with uncertainty about the legality of some medical marijuana cultivation and distribution activities, and many cities and counties have passed local ordinances that in some cases conflict with state law.

The Medical Marijuana Regulation and Control Act currently before the State Legislature, seeks to address these areas.

Under the Act, a State Board of Medical Marijuana Enforcement will be created to ensure the strict, honest, impartial, and uniform administration and enforcement of the medical marijuana laws throughout the state. The Act will also establish a 2.5% tax on the sale of medical marijuana to pay for the Board and the regulatory system.

The Act will also provide law enforcement with guidelines to more easily determine whether or not a person is acting
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SOURCE Medbox, Inc.
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