The Dispensing Solution

Medbox Lockbox

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PINK:MDBX

Medbox Inc (MDBX)

Last value
14.22 on Jul 31, 3:05PM EDT
Change
-0.08
52 week
8.11 - 93.50
Volume
11,718.00
Average volume
51,893.00

Latest Medbox News

 

Welcome to Medbox! Our Company features patented systems that dispense medication based on biometric identification (fingerprint sample). Our newly designed systems allow pharmacies, assisted living facilities, prisons, hospitals, doctors’ offices, and alternative medicine clinics to help manage employee possession of sensitive drugs. In a retail environment typical in most alternative medicine clinics, the system also allows these clinics to document that the user is a registered patient and that the patient has a valid and unexpired authorization from a physician to possess and use the medicine dispensed. Each transaction is tracked internally for accounting and compliance purposes. Patient information is all kept securely onsite and is not online as the software is completely self-supportive and does not require an internet connection. In alternative medicine clinics, the machine sits behind the counter, is not accessible by the consumer, and is at the control of the clinic employee as an inventory management and compliance tool.

Alternatively, the MDS machines are used in assisted living facilities, prisons, and urgent care centers directly by nurses and authorized staff. Once at the machine, authorized personnel gain access by simply swiping their registration card, verifying their fingerprint, and choosing the medicine they need. Medicines are dispensed in a variety of doses in a temperature controlled environment as the MDS machine has ample room for various sizes of medicine vials as well as slight refrigeration when needed. All medicines are dispensed in standard pharmaceutical vials or customized packaging, as needed, through the MDS machine.

Medbox, through its subsidiaries, offers turn-key consulting services to the pharmaceutical industry. The Company also provides consulting services to individuals and groups seeking to establish new clinics and facilities, often in jurisdictions that have recently passed legislation concerning the availability of alternative medicines as well as existing jurisdictions, nationwide.

Medbox also engages in the following ancillary services catered to the alternative medicine industry: merchant services and armored transport for cash deposits, cannabidiol R&D, real estate acquisitions and subsequent lease programs to alternative medicine dispensaries, and also alternative medicine dispensary management services.

We have been awarded United States & Canadian Patents concerning the software and hardware related to our medicine dispensing machine. Our company’s founder has appeared in interviews with CNN, ABCNews, Reuters, Associated Press, NPR, and has been featured in articles appearing in Newsweek, Los Angeles Times, and the Wall Street Journal, as well as over 30 other news agencies around the world concerning our cutting-edge products and services.

Our products ensure:

  • Inventory control which translates to lower overhead for operators,
  • Temperature controlled storage of medicine,
  • Fraud prevention as every transaction is documented,
  • Guaranteed compliance to state and local laws,
  • Unparalleled accounting and tracking which translates to proper taxation reporting.

 

Our Company does not engage in the production, sale, or marketing of any products dispensed through our machines.

Testimonials from our clients and shareholders:

I contacted what was then Vincent’s private company, Medicine Dispensing Systems, back in 2011 so I could get started in the MMJ industry with a leader. Vincent has ushered me through every step of my desire to operate a new business and I credit him and Medbox with getting my small group of partners a dispensary license in Arizona. I couldn’t have done it without him and his expert team. In fact, when the Arizona government challenged the dispensary program and licensing was halted for a year, Vincent gave me a personal loan of $7,000 in order to help me and my family out as we had invested most of our money into the new business and were not expecting the circumstances beyond everyone’s control occurring at that moment. Vincent didn’t have to do that but that’s why Vincent is as successful as he is. He always tells me that in life people should pay it forward and not expect anything in return. Well, I can safely say that Vincent deserves all the success. He has worked hard for it!

L. Anderson – Arizona – Benson Management Services, LLC
Client

I’m an automobile mechanic by trade. I contacted Medbox to help me find new opportunities in the booming medical marijuana industry. Vincent and his staff where attentive to all my needs and quickly saw to it that I was up and running with all the necessary training and industry insight they bring to the table with their consulting and top-notch dispensing machines. Looking back, I can’t see operating without the Medbox equipment as it controls odors, keeps medicine fresh, and documents every transaction while keeping tabs on the dispensary’s inventory. Thanks to Medbox for the support!

P. Garcia – Pacoima, Ca
Client

This is a letter of recommendation for Medbox and Vincent Mehdizadeh as it relates to my business interactions with him. I find Vince to be honest and forthright in every aspect of our business relationship in the past four years. I am currently involved with Vince in another business venture and I would not hesitate to enter into future business ventures with him. Vince is hard working and has fantastic communication skills with all of his clients. Never once has Vince left me in the dark regarding any issues and he always returned my inquiries in a timely manner.

Please feel free to have potential clients contact me if they have any questions regarding Vince and his character.

Sincerely,
G. Stephen Johnson – California
Client

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