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Medical marijuana dispensary technology company to open offices in Natick this week

Posted by Jaclyn Reiss  November 27, 2012 03:45 PM

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Dr. Bruce Bedick, CEO of Medbox, Inc., demonstrates his medical marijuana dispensary technology in Connecticut.

A company specializing in technology for medical marijuana dispensaries will open its first Massachusetts office in Natick this week, and plans to give a public demonstration in January.

Dr. Bruce Bedrick, CEO of Medbox, Inc., said his company would open offices at 81 Speen St. starting this week, allowing for appointment-only meetings with law enforcement, legislators, doctors, and those interested in starting dispensaries in Massachusetts.

"The office will operate as a mock dispensary," he said, noting that he liked the Natick location due to its proximity to the Massachusetts Turnpike and Route 9. "I'm also here as a resource for people to ask questions."

Bedrick's Medbox software and technology allows dispensaries to keep close tabs on each of their patients, assigning each prescription-bearing client with a HIPAA-compliant ID card that they must swipe, accompanied by a fingerprint scan, in order to gain access to the dispensary's goods.

The software also allows the dispensary to input when the patient's prescription expires, how much they are allowed to receive, and can even render the whole transaction cash-less through the Medbox-assigned ID card.

"The technology is adept and agile enough to be custom-tailored to every different state," Bedrick said. "So we can tailor it to the rules that Massachusetts comes out with."

Bedrick said the company has already established nearly 150 clients nationwide where medical marijuana use is allowed by state law.

"Based on what we’re able to do in other states, there's no other company that can meet or exceed us in terms of results," he said. "Part of our success is of the 150-plus clients we work with, everyone's pretty much still operating. No one has had any crime, or been harassed by state or federal authorities, and no one has gone bankrupt."

Bedrick said that the company will give a public demonstration of the technology during the second weekend of January, but has not nailed down specifics of where or when yet.

"People can can see and feel the technology, and ask about our successes in other states," Bedrick said, noting that his company is publicly traded and stock had skyrocketed from about $4 per share to over $200 per share. It closed today at $21 a share.

"Our technology is the safest, most secure, most legally-compliant way to store inventory, and to control and dispense pharmaceuticals, which in this case are herbs: medical marijuana," Bedrick said.

Interested parties can make an appointment at Bedrick's Natick offices through his website, www.kindclinics.com.

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Jaclyn Reiss can be reached at jaclyn.reiss@globe.com

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