Medbox Launches Marijuana Dispensary Management Practice

LOS ANGELES, June 23, 2014

Medbox recently received provisional approval to operate a medical marijuana dispensary in Portland and is in the process of preparing the dispensary for a cursory inspection by state officials for final approval with a grand opening scheduled in September of this year.

"Medbox is adapting its business model to capitalize on the demand from investors and individual states for Medbox to utilize its industry experience to professionally manage dispensary facilities. This opportunity represents a highly profitable revenue model for the Company and we are in the process of establishing operations in every state where marijuana is now legal. We will continue to seek to partner with affluent and high-pedigree clients on joint-venture partnerships in these states," stated Dr. Bruce Bedrick, CEO of Medbox, Inc. "As the country continues to march forward with sensible reform, we stand ready to supply the tools, software, consulting and management services that improve security, compliance and reporting," he added. "We look forward to expanding our presence nationwide and reaffirming our industry leadership position."

Nevada, Illinois Florida, New York, Minnesota, and Maryland have all recently passed medical marijuana legislation bringing the nationwide count to 23 states. Medbox has invited State officials from Nevada to see the future Medbox managed facility in Oregon, and will soon invite officials from other states as well.

About Medbox, Inc.

Medbox (http://www.medbox.com) is a leader in in providing lawful marijuana dispensary consulting services and patented secure dispensing systems to the alternative medicine industry. Headquartered in Los Angeles, CA, Medbox, through its wholly owned subsidiary, Medicine Dispensing Systems, offers its patented systems, software and consulting services to pharmacies, alternative medicine dispensaries and local governments in the U.S. In addition, through its wholly owned subsidiary, Vaporfection International, Inc. (www.vaporfection.com), the company offers an industry award winning medical vaporizer product. Medbox, through its newly established subsidiaries, is in development of the following ancillary services catered to the alternative medicine industry: merchant services and armored transport for cash deposits, cannabidiol research and development, real estate acquisitions and subsequent lease programs to alternative medicine dispensaries, and alternative medicine dispensary management services.

Forward-Looking Statements