Will Medbox Inc (OTCMKTS:MDBX) Make a Huge Run Again? – MicroCap Daily

Medbox Inc (OTCMKTS:MDBX) has been drifting in recent months after the massive run up the stock experienced earlier this year off its $5 base to highs of $45 as the entire sector caught fire and catapulted pot stocks to incredible highs.

MDBX is drifting towards $5 support as we head into November; a month many predict will mark a turnaround point for Pot stocks which have been in free fall ever since the March 27 halt of CANN served as a huge wakeup call to an entire industry.

Medbox Inc (OTCMKTS:MDBX) is the leading dispensary infrastructure and licensing specialist, patented technology provider, and partner to the cannabis 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.

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Through its wholly owned subsidiary, Vaporfection International, Inc the company offers an industry award winning medical vaporizer product. Medbox, through its newly established subsidiaries, is developing the following ancillary services tailored 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.

Medbox was founded on the principle that all great industries thrive when automated and regulated. Our wholly owned subsidiary, Medicine Dispensing Systems has grossed $13 million dollars since it began doing business in 2010 and later allowed for an acquisition and the establishment of a public company presence in Medbox, Inc. [MDBX].

The Company has been awarded United States & Canadian Patents concerning the software and hardware related to their medicine dispensing systems. Company founder and CEO …read more

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