Cannabis Science signs agreement with Prescription Vending Machines Inc.
August 29, 2011, Colorado Springs, CO – Cannabis Science Inc. has entered an exclusive distribution agreement with Prescription Vending Machines Inc (PVM).
PVM has provided consulting services to more than 30 clinics in California and has helped to organize and set up another 70 clinics across the United States, both with and without Medbox machines and technology. The company has also sold and installed 82 Medbox systems in the United States and Canada.
“If marijuana is to ever be taken seriously as a medicine, the industry needs to have a standard method of dispensing in place similar to that found in the pharmacy industry,” said Vincent Mehdizadeh, president and CEO of PVM. “Our patented dispensing technology and software allows patients and marijuana outlets to work in concert with state and local authorities in order to promote overall integrity and legitimacy in the industry.”
Under the terms of the agreement, Cannabis Science holds all exclusive, excluding the United States, rights to distribute PVM products and services in North America.