Abstract: Disclosed is an apparatus useful for securely storing and dispensing medications. The apparatus comprises a cabinet, a carousel mounted in the cabinet, and medication trays carried by the carousel. The carousel comprises a plurality of vertically spaced shelves. Each shelf carries a plurality of radially extending dividers dividing the carousel into a plurality of compartments. The compartments are carried by the carousel into close alignment with a vertical slot in a cabinet wall. Each medication tray is sized and shaped to slide radially in and out of a compartment. Each tray has a base and side walls extending upwardly from the periphery of the base to define a peripherally enclosed area to hold medication doses. Fixtures are mounted in the peripherally enclosed area to vertically position card-blister packaged unit medication doses in multiples of five for visual inventory without manual manipulation of the doses, once a tray is removed from a compartment.