Medbox, Inc. announced forming of 6 new subsidiaries. The company has formed subsidiaries in marijuana research and development, real estate investments, dispensary management, banking, armored car transport, and strategic investments in other public companies that have shown promise in the ancillary service sector of the burgeoning marijuana industry. The subsidiaries are: Medbox CBD, Inc., specializing in hemp-oil concentrates and development of pharmaceutical products derived from cannabis to produce and distribute products based upon lifting of federal prohibitions of such activities.

Medbox Property Investments, Inc., specializing in real property acquisitions and leases to dispensaries and cultivation centers. Medbox Management Services, Inc., specializing in dispensary management services to State licensed dispensaries for cultivation, dispensing, and marijuana infused products (MIPS). Medbox Banking, Inc., specializing in banking transactions with prepaid debit cards, convenience checks, and cash depository needs for operators.

Medbox Armored Transport, Inc., specializing in armored car transport of cash from Dispensaries to participating banks. Medbox Investments, Inc., specializing in investments and strategic partnerships in other public companies in the marijuana ancillary service sector that Medbox believes are viable and have growth potential.