Medication dispensing company Medbox has seen its stock price rise as the substance becomes legalized in two U.S. states.
As marijuana becomes legal in more areas (Colorado and Washington have just legalized it at the state level), investors are starting to look for companies that could help supply a mass market.
Medbox makes biometrically-operated vending machines that dispense medication to individuals after scanning their fingerprints. The company’s systems are used in pharmacies, assisted living facilities, prisons, hospitals, doctors’ offices, and alternative medicine clinics.
Geekosystem reports that Medbox has seen their stock price rise by 3,000% since the 2012 election, as the idea of legalizing marijuana becomes more popular. If the federal government legalizes marijuana and there is a high demand, vending machines like this could be placed in pharmacies and other locations to dispense marijuana to the public.