Medbox Client Awarded Illinois Medical Marijuana Dispensary Authorization
February 09 2015 - 8:00AM
Business Wire
Medbox, Inc. (OTCQB:MDBX)
(www.medbox.com), a leading licensing, infrastructure and security
specialist, patented technology provider, and partner to the
cannabis industry, is pleased to announce that on February 3, 2015,
its client, Nature’s Treatment of Illinois, was awarded a medical
marijuana dispensary authorization from the state of Illinois.
Medbox was engaged by Nature’s Treatment to advise and lead the
application process, and following the award, Nature’s Treatment
has subsequently engaged Medbox Management Services, Inc., a wholly
owned Medbox subsidiary, to provide ongoing management services.
This will include identifying qualified state-screened third party
operators who will assume operation of the medical marijuana
dispensary, with professional oversight being provided by
Medbox.
The award to Nature’s Treatment from the Illinois Department of
Financial and Professional Regulation stated in part, “After a
review of your Medical Cannabis Dispensary Application, the
Division has selected your application as the most qualified in
District 7 in connection with the Compassionate Use of Medical
Cannabis Pilot Program Act 410 ILCS 130.”
Matt Stern, prominent local business owner and Nature’s
Treatment partner stated, “I am excited to partner with Medbox in
this very unique opportunity. The Illinois selection was very
competitive and our local focus proposal on economic development
and local jobs coupled with the Medbox technology and experience,
will benefit the community and the patients in the Rock Island
area.”
Medbox CEO, Guy Marsala commented, “It’s exciting to take this
significant step in the process of opening one of the first medical
marijuana dispensaries in Illinois. Once again Medbox has
demonstrated our expertise in achieving state license awards for
our clients, by working with state regulatory agencies to meet or
exceed all standards of compliance and operational excellence.”
About Medbox, Inc.
Medbox, Inc. (“MDBX” or the “Company”) is the leading dispensary
infrastructure and licensing specialist, patented technology
provider, and partner to the cannabis industry. Headquartered in
Los Angeles, CA, Medbox, through its wholly owned subsidiary,
Medicine Dispensing Systems, offers its patented systems, software
and consulting services to pharmacies, alternative medicine
dispensaries and local governments in the U.S. In addition, through
its wholly owned subsidiary, Vaporfection International, Inc.
(www.vaporfection.com), the company offers an industry award
winning medical line of vaporizer products. Medbox, through its
newly established subsidiaries, is also developing ancillary
services tailored to the alternative medicine industry, including
real estate acquisitions and subsequent lease programs to
alternative medicine dispensaries and cultivation centers, and
alternative medicine dispensary and cultivation management
services.
Forward-Looking Statements
The statements in this press release constitute forward-looking
statements within the meaning of federal securities laws. Such
statements are based on our current beliefs and expectations and
are inherently subject to significant business, economic and
competitive uncertainties and contingencies, many of which are
beyond our control. In addition, such forward-looking statements
are subject to assumptions with respect to future business
strategies and decisions that are subject to change. Potential
risks and uncertainties include, but are not limited to, technical
advances in the industry as well as political and economic
conditions present within the industry. We do not take any
obligation to update any forward-looking statement to reflect
events or developments after a forward-looking statement was
made.
Contact Information
Investor Relations:Stephen HartHayden IR917-658-7878hart@haydenir.com
Medbox:For more information on Medbox, please call (800)
762-1452.
Hayden IRInvestor Relations:Stephen Hart,
917-658-7878hart@haydenir.comorMedbox:800-762-1452