Medbox Featured in Fortune Magazine Cover Story
HOLLYWOOD, Calif., March 22, 2013 /PRNewswire/ -- Medbox, Inc. (MDBX.PK) (OTC Markets: MDBX) (www.medboxinc.com), a leader in providing industry specific consulting services and patented systems to the medical and retail industries worldwide, was featured in a Fortune Magazine cover story entitled "Marijuana Inc. Meet the Entrepreneurs and Investors Firing Up a New Industry."
The article followed a group of businessmen, investors and wealthy individuals who believe that the prohibition era for marijuana in America is coming to an end and that a legitimate cannabis industry is now taking shape.
"Some investors are scions of old money, like Joby Pritzker, of the Hyatt Hotel chain dynasty, and Richard Wolfe, whose family bought the Columbus Dispatch in 1905," according to Fortune. "Others are self-made. Adam Wiggins, for instance, cofounded Heroku, a cloud-platform that was purchased by Salesforce.com for $250 million."
Medbox and its CEO, Dr. Bruce Bedrick, were also featured in the article. The writer marveled at the company's share price and market capitalization, which according to Fortune is in the $620 million range.
"Business is driving the change," according to Troy Dayton of the ArcView Group. "Business is the most powerful platform for political change that's ever existed," he says. "When there is money for government, money for investors, money for entrepreneurs, and benefits to communities, that's a powerful incentive for change."
In other news, Medbox announced that to accommodate more people, their second free public educational and informational seminar on the medical marijuana industry in San Diego has been rescheduled to April 6, 2013.
Landlords, patients, potential dispensary operators, law enforcement, and city officials are welcome to attend. Complete details regarding that event are listed below:
Courtyard by Marriott San Diego Mission Valley/Hotel Circle
595 Hotel Circle S
San Diego, CA 92108
(Between Camino De La Reina & Fashion Valley Rd)
Saturday, April 6, 2013
11:00am - 3:00pm Lunch Provided and Free Parking
Reservations are required to attend the seminar. Interested parties should request free tickets by calling Medbox at (800) 762-1452 or by emailing the company at email@example.com.
The first Medbox San Diego seminar had an overflow crowd, and drew local community leaders, entrepreneurs, landlords and media outlets. The upcoming second seminar is also expected to be fully booked, so early registration is recommended.
For more information on Medbox, visit: www.medboxinc.com.
To view the article in Fortune Magazine (subscription required), visit: http://money.cnn.com/2013/03/21/smallbusiness/legal-marijuana-startups.pr.fortune/index.html
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 listed 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.