Abstract: A modular storage and dispensing assembly for storing and selectively dispensing objects, such as cans, includes a plurality of panels and a connector assembly for connecting adjacently disposed panels such that a chute is formed between each of the adjacently disposed panels. A rail assembly is provided in each chute for defining a travel path through the chute. The rail assembly includes an upper rail and a lower rail, each being supported by adjacently disposed panels such that the upper rails in the chute are spatially disposed and in a facing relationship and the lower rails in the chute are also spatially disposed and in a facing relationship. The upper rails each have a first end and a second end and are sloped in a downward direction from their first end to their respective second ends.