HOLLYWOOD, CALIF., DEC. 17, 2012 — /PRNewswire/ -- Medbox, Inc. (OTC Pink Sheets: MDBX) ( www.medboxinc.com ), announces that they will be opening offices in the states of Washington and Colorado. Both of these states recently approved new regulations that permit the legal recreational use and possession of less than one ounce of marijuana for personal use. Medbox provides technology, systems and consulting services to provide inventory management, as well as HIPAA compliant reporting for taxation purposes.
Since the passage of the new marijuana laws in both Colorado and Washington, the federal government has now made it clear that they do not intend to interfere with the state laws, even though they are contradicted by current federal regulations.
In his first public comments on the topic since Colorado and Washington voted to legalize marijuana on November 6 referendums, on December 13, 2012, President Obama told Barbara Walters of ABC News, "It would not make sense for us to see a top priority as going after recreational users in states that have determined that it's legal."
Medbox had previously made the recreational use states of Washington and Colorado a low-priority until it ascertained the federal position on the matter.
Medbox, a recognized leader in the medical marijuana industry, is now providing its expertise in Washington and Colorado, to help residents in these states obtain permits and install systems that ensure safe, compliant, and carefully managed access to cannabis-based products.
"We look forward to working with residents and existing small business operators in the states of Colorado and Washington to assist them through the complex maze of regulations, obtain necessary permits and zoning approvals, and install inventory management systems that meet or exceed all state and local regulations," stated Dr. Bruce Bedrick, CEO of Medbox. "States can profit handsomely from this new revenue stream, and Medbox is able to provide the systems and technologies that assure that taxes are collected, quantity limits are never breached, and there is adherence to all regulations," he added. "Medbox is the only company that protects all parties interests - from consumers to operators, as well as the local and state governments."
For more information on Medbox, please contact the Medbox Investor Relations Department at (800) 762-1452 or go online to www.medboxinc.com .
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, 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.
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 www.medboxinc.com .
SOURCE Medbox, Inc.
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