This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Medbox Applauds New "Seed-to-Sale" Regulations In Massachusetts And Proposed Legislation In New York

HOLLYWOOD, Calif., April 4, 2013 /PRNewswire/ -- Medbox, Inc. (OTC Markets: MDBX) (, a leader in providing industry-specific consulting services and patented systems to medical and retail businesses worldwide, announced that the Massachusetts Department of Public Health has published its medical marijuana dispensary program rules.

In a statement to the press last Friday, Dr. Bruce Bedrick, CEO of Medbox stated the following:

"The Massachusetts Department of Public Health has made Massachusetts the new gold standard for the safest and most secure regulation of medical marijuana. The thoughtful, open and fair process of the past few months has culminated in the best draft regulations seen in the industry to date. These regulations take all parties into consideration from the patients and dispensary operators to legislators and law enforcement.

The inclusion of the real time electronic seed-to-patient database will make Massachusetts the most highly regulated Medical Marijuana state program in the country. The regulations and real time database proposed will eliminate any opportunity for diversion and therefore, should please and allay fears of the public in general, city and town officials, and law enforcement.

While some may disagree with a few of the minor provisions of the regulations, these rules secure Massachusetts' place atop the leader board in fairness, access, safety and security. From our perspective, the regulations are validating, because, in Medbox, we have created the system that offers the safety, security and inventory control the state is seeking. Our track record demonstrates that our consulting should provide the best chance of success for medical marijuana entrepreneurs in Massachusetts."

The pertinent parts of the rules as it pertains to Medbox are as follows:
  • DPH required electronic seed-to-sale tracking
  • DPH mandated "merit based" dispensary license allocation process
  • DPH mandated the sale of vaporizers within medical marijuana retail outlets
  • 35 total licenses to be awarded from the state based on geographic location or "zone"

The draft regulations are available for download at the link below:

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.75 -1.10%
FB $117.53 0.69%
GOOG $693.00 0.29%
TSLA $240.75 -2.80%
YHOO $36.61 0.06%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs