Former FBI Official Joins Cannabis Company’s Board

Medbox Inc., a publicly traded software and consulting firm that makes marijuana dispensing machines, has added a retired FBI assistant director of security to its board of directors.

The company’s stock rose to its highest price since August after Jennifer S. Love, a 27-year veteran of the FBI, was appointed to the board.

Love joins Mitch Lowe, co-founder of Netflix and former president of Redbox, and Ned L. Siegel, a former U.S. ambassador to the Bahamas, as an independent director on the board at Medbox. The company last week named Doug Mitchell as its chief financial officer. Mitchell held the same position at BJ’s Restaurants Inc.

Love’s appointment is “an important step” as the company attempts to move to the Nasdaq stock market from the OTC Markets exchange, MedBox said in a release.

MedBox shares, which trade on the over-the-counter market under the symbol MDBX, are currently hovering around $13.60, up about 19% from Monday morning.

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