Portland-Based Powell Dispensary is First in Oregon to Use Medbox POS System

Medbox Provided Licensing, Compliance, Permitting and Build-Out Services for Dispensary

LOS ANGELES, CA (UPTICK Newswire – April 20, 2015 ) Medbox, Inc. (MDBX), a leading provider of specialized consulting and technology solutions to the marijuana industry, today announced that its client, Blue Sky of Portland, is the first dispensary in Oregon to use the new Medbox Point-of-Sale system, which enables operators to verify prescriptions, track sales, manage operations and store medicine in a secure, temperature-controlled environment.

The Powell Dispensary opens today in Portland, Oregon, at 729 SE Powell Boulevard.

“Blue Sky of Portland represents our first Oregon client for which we provided the full array of Medbox services under our recently expanded business model,” said Ambassador Ned L. Siegel, Chairman of the Board of Medbox. “Oregon represents an important geographic market for Medbox, as our company gains traction deploying solutions to help dispensaries enhance their efficiency, security and compliance, and attain greater control of their operations.”

In addition to providing its patented POS system to the Powell location, Medbox obtained the state license and consulted on compliance and permitting, design of the specialized dispensary, and the complete build-out. Medbox also will provide ongoing operational oversight to Blue Sky of Portland, for which it will receive a recurring revenue stream.

“The advice and counsel that Medbox provided during the complex process of establishing our business was invaluable,” said John Uonan, operator of the Blue Sky of Portland Dispensary. “Operationally, we are thrilled to deploy Medbox’s technologically outstanding POS system, and having Medbox as our ongoing consulting partner gives us the confidence to operate with the highest degree of professionalism in this burgeoning sector.

“We look forward to the prospect of expanding our relationship with Medbox as opportunities continue to arise,” Uonan added.

Oregon was among the first states to authorize the use of marijuana for medical purposes, and in 2014, voters approved legalization for non-medical use and cultivation in July 2015.

About Medbox, Inc.

Medbox, Inc. provides specialized consulting services to the marijuana industry and sells associated patented products, including its Medbox medical dispensing system and medical vaporization devices. The company works with clients who seek to enter the medical, recreational and cultivation marijuana markets in those states where approved. Medbox offers turnkey solutions that assist with licensing and compliance, site selection, design and permitting, safety and security, along with full build-out and operational oversight. Medbox’s consulting solutions and technology create structure and process for clients and their respective businesses in this rapidly emerging sector. For more information about the company, visitwww.medbox.com.

Forward-Looking Statements

Certain statements in this press release constitute forward-looking statements within the meaning of federal securities laws. Such statements, including, but not limited to, Oregon serving as an important market for Medbox, are based on current beliefs and expectations and are inherently subject to significant business, economic, regulatory and competitive uncertainties and contingencies, many of which are beyond the company’s control. In addition, certain forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Potential risks and uncertainties also include, but are not limited to, regulatory developments in the industry, as well as political and economic conditions present within the industry. The company does not assume any obligation to update any forward-looking statement to reflect events or developments after a forward-looking statement was made, unless required by law.

For more information, contact:

Janet Simmons
PondelWilkinson Inc.
310-279-5980
pwinvestor@pondel.com

SOURCE: Medbox, Inc.

 

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