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Medbox Featured in Huffington Post Report on the Legal Marijuana Industry
Date:2/25/2013

tents," Dr. Bruce Bedrick , CEO of Medbox stated. "Our technology is for the safe storage and automated dispensing of all pharmaceuticals, not just medical marijuana. However within that niche we are also one of the industry's leading and most successful consultants," he added.

Medbox consults with state regulatory commissions as to compliant and transparent means of program implementation, and also helps people open a dispensary by taking them through the lengthy and complicated licensing process, that culminates in a technology sale to the newly licensed operator. "We have the safest, most secure way of storing and dispensing the medicine," Bedrick stated. "Safety, security, control, and compliance are what we are all about."

To view the report in its entirety, please visit: http://live.huffingtonpost.com/#r/segment/financing-marijuana-/5122eb0d02a7605626000563

In other news, the company clarified that the transactions executed with the private investment firm that were announced last week involved restricted common stock issued directly from the company that have a minimum hold time of 1 year before being eligible for resale on a public market. In total, 2 agreements were executed January 17, 2013 with the entity. The first was for a purchase of $5 million dollars worth of restricted shares at market rate at the time, which was $70 per share, amounting to 71,428 shares. The second transaction was for a total of 100,000 shares at $1,000,000. The average share price for the 2 transactions was $35 per share for restricted common stock. The transactions are not contingent on any criteria to be performed by Medbox.

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 h
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SOURCE Medbox, Inc.
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