Navigation Links
Medbox Targets Newly Emerging $1.3 Billion Canadian Medical Marijuana Market

WEST HOLLYWOOD, Calif., Oct. 1, 2013 /PRNewswire/ -- Medbox, Inc. (OTC Markets: MDBX) (, a leader in providing consulting services and patented systems to the medical and retail industries, announced that they will begin to provide their secure dispensing systems and turn-key consulting services in Canada.

According to an article published in the Calgary Herald, Health Canada is phasing out an older system that mostly relied on small-scale, homegrown medical marijuana of varying quality. In its place, large indoor marijuana farms certified by the RCMP and health inspectors will produce, package and distribute standardized product.

The government is placing no limits on the number of these new facilities, which will have mandatory vaults and security systems.

"The Canadian market presents a significant growth opportunity for our company," stated Dr. Bruce Bedrick, Chief Executive Officer at Medbox, Inc. "The government has mandated that marijuana is stored in secure systems, and dispensed in a tightly controlled environment. The Medbox patented system is the premier means of providing secure storage and dispensing," he added. "We expect that our expertise and leadership position in medical marijuana clinic operations in the United States, along with our patented storage and dispensing systems, and our unparalleled track record in helping entrepreneurs secure marijuana dispensing licenses, will be warmly received by the Canadian government and by those applying for operating permits.

156 firms have applied for lucrative producer and distributor status since June, with the first two receiving licenses just last week.

Revenues for the burgeoning new industry are expected to hit $1.3 billion a year by 2024, according to federal projections.

The Calgary Herald article may be viewed here.

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 has offices throughout the world, including New York, Arizona, Connecticut, Massachusetts, Florida, Tokyo, London and Toronto, and has their corporate headquarters in Los Angeles.

Medbox provides their patented systems, software and consulting services to pharmacies, dispensaries, urgent care centers, drug rehab clinics, hospitals, prison systems, hospice facilities, and medical groups worldwide. In addition, through its wholly owned subsidiary, Vaporfection International, Inc. (, the company offers an industry award winning medical vaporizer product.

Medbox, Inc. is a publicly traded company, and is quoted on the OTC Markets, ticker symbol MDBX.

For more information on Medbox, please contact the Medbox Investor Relations Department at (800) 762-1452 or go online to

SOURCE Medbox, Inc.
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Medbox Founder Donates to Charitable Organizations
2. Medbox Focuses on Newly Emerging Medical and Recreational Marijuana States
3. AVTs Customer Medbox, Makes Wall Street Journal MarketWatch Headlines Again
4. Medbox and AVT Develop Secure, Automated Medicine Sample Dispenser for Doctors Offices
5. Medbox Signs Multi-State Consulting Deal with X-Change Corporation
6. Medbox Clients Lead the Way with Favorable Arizona Legal Ruling
7. Medbox Files Registration Statement with SEC
8. Medbox Owned Vaporfection On Pace To Set Sales Record in 2013
9. Medbox Comments on Federal Tolerance of State Marijuana Laws
10. AVTs Customer Medbox, Inc. Featured in Bloomberg Businessweek
11. Medboxs MedVend Automated Medication Dispensing System Now in Michigan
Post Your Comments:
(Date:6/24/2016)... , June 24, 2016 The Academy ... of recommendations that would allow biopharmaceutical companies ... with entities that make formulary and coverage decisions, a ... "value" of new medicines. The recommendations address ... not appear on the drug label, a prohibition that ...
(Date:6/24/2016)... -- Research and Markets has announced the addition ... report to their offering. ... The World Market for Companion Diagnostics covers the world ... in the report includes the following: , ... by Region (N. America, EU, ROW), 2015-2020 , World ...
(Date:6/24/2016)... Belgium , June 24, 2016 ... the appointment of Dr. Edward Futcher ... Non-Executive Director, effective June 23, 2016.Dr. Futcher was ... Nominations and Governance Committees.  As a non-executive member ... independent expertise and strategic counsel to VolitionRx in ...
Breaking Medicine Technology:
(Date:6/25/2016)... ... June 25, 2016 , ... On Friday, June 10, Van Mitchell, ... at Work award to iHire in recognition of their exemplary accomplishments in worksite health ... annual Maryland Workplace Health & Wellness Symposium at the BWI Marriott in Linthicum Heights. ...
(Date:6/24/2016)... ... June 24, 2016 , ... June 19, 2016 is World ... with chronic pain and the benefits of holistic treatments, Serenity Recovery Center ... with Sickle Cell Disease. , Sickle Cell Disease (SCD) is a disorder of the ...
(Date:6/24/2016)... , ... June 24, 2016 , ... ... offering micro-osteoperforation for accelerated orthodontic treatment. Dr. Cheng has extensive experience with all ... brackets , AcceleDent, and accelerated osteogenic orthodontics. , Micro-osteoperforation is a revolutionary ...
(Date:6/24/2016)... ... June 24, 2016 , ... EB Medicine presented ... in Emergency Medicine conference in Ponte Vedra Beach, FL. The awards honor the ... Emergency Medicine Practice and Pediatric Emergency Medicine Practice. , “With this award, ...
(Date:6/24/2016)... ... June 24, 2016 , ... National recruitment firm ... sciences executive with extensive sequencing and genomics experience, as Vice President of North American ... Hill will be responsible for leading the sales team in the commercialization of the ...
Breaking Medicine News(10 mins):