Medbox Inc (OTCMKTS:MDBX) announced that Ambassador Ned L. Siegel will be the new Chairman of the Company’s board. Former President George W. Bush appointed him as the U.S. Ambassador to the Commonwealth of the Bahamas. He was also appointed to serve as the Senior Advisor to the U.S. Mission under Ambassador John R.Bolton at the UN in New York. He was representative from the U.S.to the 61st Session of the UN General Assembly.
Before Ambassador Siegel was appointed as Ambassador, he was in the Board of the Overseas Private Investment Corporation. He has more than thirty years of industry experience. Presently, Ambassador Siegel is Chairman of the Board of ‘The Siegel Group’. It is an international business management advisory specializing in real estate, ports, utilities, energy, technology, Infrastructure and financial services.
The management view
Guy Marsala, the CEO of Medbox, said that over the years, Medbox Inc (OTCMKTS:MDBX) has transformed from an entrepreneurial firm to a professionally well-managed company. With opening of its first marijuana dispensary in Portland and eight provisional licenses for marijuana cultivation facilities in Nevada, the primary objective is to grow and acquire capital to support this growth. The appointment of Ambassador Siegel as Board Chairman will prove instrumental in achieving growth objectives.
Ambassador Siegel said that he is honored to accept the role of Chairman of Maddox’s Board of Directors. He has been in a board member of Medbox since April 2014 and believes that Medbox Inc (OTCMKTS:MDBX) is well positioned in the cannabis industry. It can guide entrepreneurs and investors on how to obtain the licenses to operate. Also, they can get assistance on how to manage their cannabis businesses with the highest level of security, profitability, safety and best practices. Medbox is a leading name in the field of dispensary infrastructure and licensing expert, patented technology provider.