MedBox, Inc. is a California-based company that specializes in developing, manufacturing, and selling of automated storage and dispensing systems for merchandise and medicines. It also provides pharmaceutical-related consulting services. The company trades in the OTC market under the symbol MDBX.
The company features patented systems for dispensing medication based on biometric identification or fingerprint samples. Its newly designed systems allow hospitals, doctors’ offices, assisted living facilities, pharmacies, prisons, and alternative medical clinics to manage the possession of sensitive drugs on an employee level.
Through its subsidiaries, MedBox offers the pharmaceutical industry quality turn-key consulting services. It also provides consulting services to both individuals and groups that are planning to open new clinics and medical facilities—typically in jurisdictions across the country that have either recently legalized the availability of alternative medicines.
The company is also engaged in a number of ancillary services for the alternative medicine industry, including providing merchant services and armored car transport for cash deposits, real estate acquisitions and consequent lease programs to alternative medicine dispensaries, cannabidoil research and development, and alternative medicine dispensary management services.
Since the company was established in 2010, Medicine Dispensing Systems—its wholly owned subsidiary, has grossed roughly $13 million. Later, MedBox was allowed to acquire and establish a public company presence.
Medbox, Inc. has been awarded United States & Canadian Patents for its software and hardware related to its medicine dispensing machines, and the company’s founder has been repeatedly featured in numerous news agencies worldwide for their cutting-edge products and services, including in Los Angeles Times, Newsweek, and Wall Street Journal articles.
Although MedBox, Inc. is based primarily in West Hollywood, California, it has offices in Los Angeles, New York, Arizona, Florida, Toronto, London, and Tokyo. This company firmly believes that when regulated and automated, all great industries can thrive.
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