HOLLYWOOD, Calif., Feb. 25, 2013 /PRNewswire/ -- Medbox, Inc. (OTC Markets: MDBX) (www.medboxinc.com), CEO Dr. Bruce Bedrick was featured in a Huffington Post Report that compared investing in the legal marijuana industry to investing in the beginning of the personal computer revolution. "As states decriminalize marijuana, entrepreneurs and investors are looking at ways to finance and profit from the industry," the report stated. Furthermore, ancillary businesses that provide services to the industry, like Medbox, may offer a significant growth opportunity.
The industry is exploding, according to Troy Dayton , CEO of the ArcView Group. "There's a geyser that's about to go off and marijuana could be the next great American industry," he said. And rather than invest in the actual crop, it is a much safer to invest in the businesses that supply services to the industry. "That's why a lot of focus is on the ancillary businesses," he said. "There's so much more opportunity in those spaces."
Jeffrey Miron , Senior Lecturer in Economics at Harvard University said that major companies may soon become involved in the industry, possibly through acquisition. "I'm sure that big businesses will want to get involved," he said. The respected economist and former chairman of the Department of Economics at Boston University expressed confidently that "Certainly some big player is going to get involved."
"The industry is between $1 and $50 billion annually, and it's growing," Brendan Kennedy , CEO of Privateer Holdings stated. "There's a feeling like it's 1996, before the Internet revolution."
Huffington post moderator Alyona Minkovski said that other companies may not be able to enter the Medbox niche.
"It's all about our pa
|SOURCE Medbox, Inc.|
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