$MDBX Newly Created Position of Senior Vice President

Pyatt Brings Successful Industry Background to Medbox As Company Embarks on Next Phase of Growth and Development

Medbox, Inc. (OTCQB: MDBX), a leading provider of specialized consulting and technology solutions to the legal marijuana industry, today announced that industry veteran Clinton Pyatt has joined the Company as Senior Vice President, Operations and Government Relations. He reports directly to Jeff Goh, Medbox’s Chief Operating Officer.

In this newly created position, Pyatt will be responsible for all cultivation and dispensary operations and ancillary services, including assisting with the expansion of Medbox into every state which has approved marijuana for medical and recreational use. He will also manage government affairs.

Pyatt, 44, most recently was Chief Executive Officer of CorGreen Technologies, Inc., a publicly traded grow and retail solutions provider of products and services to licensed medical marijuana and recreational operators. Earlier in his career, he held senior management positions in the finance and real estate sectors. Pyatt also spent six years in the U.S. Marine Corps, where he held several military operational specialties and participated in Desert Shield, Desert Storm and Somalia rescue efforts.

During his tenure at CorGreen, which began in 2012, Pyatt created a completely vertical organization, leading efforts to purchase properties, as well as directing product development, implementation and training of dispensary oversight and geographical expansion. He also successfully negotiated the merger and acquisition of three companies.

“Clint is a respected leader in our industry, who brings to Medbox a proven track record,” said Goh. “We welcome him to our team, as we embark on our next phase of growth and development.”

“As increasing numbers of states approve marijuana for medical and recreational use, Medbox is well positioned to pursue a myriad of business opportunities,” Pyatt said. “I am privileged to join Medbox and its talented executive team at this pivotal time in the Company’s history.”

Pyatt earned a Bachelor of Arts degree in criminal justice from Cal State University, Fullerton, and holds a California real estate license.

About Medbox, Inc.

Medbox, Inc. provides specialized consulting services to the legal marijuana industry and sells associated patented products, including its Medbox medical dispensing system and medical vaporization devices. The company works with clients who seek to enter the medical, recreational and cultivation marijuana markets in those states where approved. Medbox offers turnkey solutions that assist with licensing and compliance, site selection, design and permitting, safety and security, along with full build-out and operational oversight. Medbox’s consulting solutions and technology create structure and process for clients and their respective businesses in this rapidly emerging sector. For more information about the company, visitwww.medbox.com.

Forward-Looking Statements

Certain statements in this press release constitute forward-looking statements within the meaning of federal securities laws. Such statements, including, but not limited to, embarking on the Company’s next phase of growth and development, are based on current beliefs and expectations and are inherently subject to significant business, economic, regulatory and competitive uncertainties and contingencies, many of which are beyond the company’s control. In addition, certain forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Potential risks and uncertainties also include, but are not limited to, regulatory developments in the industry, as well as political and economic conditions present within the industry. The Company does not assume any obligation to update any forward-looking statement to reflect events or developments after a forward-looking statement was made, unless required by law.

For more information, contact:

Janet Simmons
PondelWilkinson Inc.
310-279-5980
pwinvestor@pondel.com

SOURCE: Medbox, Inc.