A medicament storage and dispensing system (10) operable for storing and dispensing products (12) such as pre-packaged pharmaceutical boxes and/or bottles and broadly includes a cabinet (14); a plurality of product shelves (16) mounted within the cabinet; an infeed conveyor (18) for transporting products into the cabinet; an outfeed conveyor (20) for transporting products out of the cabinet; a transporter (22) moveable within the cabinet for transporting products between the shelves and the infeed and outfeed conveyors; and a control system (24) for controlling operation of the conveyors and the transporter in response to prescriptions received from a host computer (26). The shelves having a plurality of vertical walls (56) upon which the products rest and between which tines (130) of the transporter slide in order to retrieve products from and place products upon the shelves.