SOURCE: Rx Safes, Inc.

Rx Safes, Inc.

March 26, 2015 09:15 ET

Rx Safes Establishes New Footprint in Growing Medical Marijuana Market

Rx DrugSAFE Will Help Reduce Dispensary Liability and Provide Patient Safety

HENDERSON, NV--(Marketwired - Mar 26, 2015) - Rx Safes, Inc. (OTC: RXSF), the developer of patented fingerprint healthcare security products and secure prescription medicine lock-boxes announced today that it has established its first marijuana business reseller agreement with the Medical Cannabis Institute (MCI), a leading resource for cannabis education, information and training, located in Las Vegas, Nevada. MCI assists patients in navigating the complex world of medical marijuana and will be offering the Rx DrugSAFE for sale to its clients, within its high traffic facility as well as at its website. 23 states plus DC have legalized the sale of marijuana products for medical purposes and the market is growing faster than any other emerging industry. This presents a unique opportunity for Rx Safes to position its Rx DrugSAFE product as a tool to keep marijuana and cannabis infused edibles securely locked up and away from children in the home.

After speaking on the subject of child safety and personal patient responsibility at a recent medical marijuana event hosted by the Las Vegas Medical Marijuana Association, Rx Safes CEO, Lorraine Yarde received a great deal of interest from patients and dispensary owners for the Rx DrugSAFE. The event focused on safety, security and the steps dispensaries should take to prevent liability. The Rx DrugSAFE product was highlighted as a "must buy." "Every dispensary should be offering the Rx DrugSAFE product to its patients to reduce liability," stated Martina Jaccarino, an attorney at the law firm of Black and Lobello. Martina is considered an expert in regulatory compliance for the medical marijuana industry and provides guidance and counsel to medical marijuana businesses. Addressing an audience filled with new dispensary owners, Martina added, "If a product purchased at your dispensary causes harm to a child or other non-prescribed person, you could all be held liable... the Rx DrugSAFE can help reduce your liability." 

If taken unsupervised, medical marijuana, particularly cannabis infused edibles, poses risks to young children. "Cannabis products that resemble candy are sending an increased number of children to the ER in states where medical marijuana is legalized," commented Ms. Yarde. "Whether a patient is prescribed a pharmaceutical or marijuana drug to treat their condition, these drugs need to be secured and out of reach for young children and teenagers," Ms. Yarde added.

The company is also working with insurance providers to establish liability policy premium discounts to dispensaries offering the Rx DrugSAFE for sale. "Nevada is looking to become for medical marijuana what it has been for years to the gaming industry, a footprint for other states to follow."  We intend to prove the value the Rx DrugSAFE brings to marijuana businesses in our home state and then point to this as we expand into other new and already established markets," Ms. Yarde concluded. 

About Rx Safes, Inc.

Rx Safes is an emerging leader in the personal and professional healthcare drug security market. Since drug abuse and drug diversion starts with unauthorized access, our products incorporate proprietary patented fingerprint technology to provide drug security solutions for use in homes and healthcare facilities. Prescription drug misuse, skyrocketing insurance and pharmaceutical treatment costs and increased regulatory pressures create an unfortunate, yet necessary opportunity for Rx Safes to expand our reach and offerings in this growing market, valued at over $50 billion annually. Annual spending on healthcare technology products exceeds $34.5 billion. In addition, the market is being driven by ongoing Government support for successful drug abuse prevention initiatives, with a financial commitment of $25.4 billion in 2015 alone. For more information, please visit www.rxdrugsafe.com.

Forward-Looking Statements for RXSF:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company's business strategy. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company's ability to implement its long range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.

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