News

Medbox hopes to get $40 million from medical, recreational marijuana dispensing

BY Alaric DeArment

WEST HOLLYWOOD, Calif. – A company that makes vending machine-like systems has a new business: medical and recreational marijuana.

Medbox said Thursday that it had been contracted to file dispensary license applications and build-out facilities in Vermont, Massachusetts, Connecticut, Oregon, Illinois and Nevada, as well as recreational licenses in Washington and Colorado. Residents of the latter two states voted to legalize recreational use of marijuana last year.

Medbox said that licenses in those markets are limited, and competition between applicants is fierce, but that it hopes to hit $5 million in sales per state in consulting and technology sales. The company noted that there has been "evidence of overzealous consultants" who are "preying on the public" with unrealistic success rates, overpriced services and duplicate work product to multiple parties competing against each other for the same dispensary license.

"We have a proven track record of taking care of business for our clients and getting results," Medbox CEO Bruce Bedrick said. "We have filed our applications in Vermont and Massachusetts for our clients, and we are eagerly awaiting filing additional applications for our clients in Connecticut, Nevada and Illinoise when those licensing periods commence over the course of the next few months."

 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

News

National childhood cancer awareness event held at Navarro Discount Pharmacy

BY Antoinette Alexander

MIAMI — Navarro Discount Pharmacy, in partnership with the Live Like Bella Foundation, recently hosted the National Childhood Cancer Awareness event to educate the community about the needs of children with cancer.

The event attracted more than 200 children and families and was held Sept. 13 at a Navarro Discount Pharmacy in Miami.

The parents of Miami’s Bella Rodriguez-Torres, who fought cancer and her paralysis six times until her death on May 28, 2013 at the age of 10 years old, attended the event and spoke on behalf of the Live Like Bella Foundation. Bella was paralyzed and diagnosed with stage four Alveolar Rhabdomyosarcoma, an aggressive childhood cancer, when she was 4 years old. Bella is described as having unwavering faith, a loving heart and a great sense of compassion for others. The entire south Florida community, including Miami Heat and Miami Marlins players, embraced Bella. Her life and legacy lives on through the work of the Live Like Bella Foundation. Thousands of children are diagnosed with pediatric cancer each year, the leading cause of death for American children younger than age 15.

Activities at the event included children-focused food and snacks, a motorcade and helicopter flyover by Miami-Dade County Police, face painting and "Live Like Bella" merchandise for sale. Navarro donated 100% of the proceeds from the Live Like Bella merchandise sales that evening to the Live Like Bella Foundation. And, at 6 p.m., the Navarro store was lit in gold and yellow Wish lanterns were lit in remembrance of Bella.

For more than 50 years, Navarro Discount Pharmacy has stood by the South Florida community focusing on health-and-wellness events for the entire family. Each year, Navarro partners with dozens of local nonprofit organizations that educate its customers on a variety of illnesses, including diabetes and heart disease. Wellness Wednesdays are held at each of Navarro’s 33 stores where customers can access free health screenings and receive advice from health professionals and pharmacists.   
 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

News

Chicago Tribune: Walgreens stakes claim to third Chicagoland flagship location within Wrigley Building

BY Michael Johnsen

CHICAGO — Walgreens will be staking a third flagship store in the iconic Wrigley Building here, the Chicago Tribune reported recently

According to the report, the Walgreens will have a footprint as large as 30,000 sq. ft. And California coffee shop Peet’s will be setting up next door. 

The Wrigley Building had recently undergone a renovation — to the tune of $70 million, which included a full restoration of the exterior terra cotta. 

 

 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES