A vertical tackle box (1) in which leaders, lures and other fishing tackle may be hung in a vertical position from hooks (14) or pegs and further secured with straps or elastomeric cords (17) on opposing sides of the vertical tackle box. Flexible access covers (18) are preferably attached to the vertical tackle box by hinges (19) along upper edges to allow each access cover to be opened and folded back over the top of the vertical tackle box, thereby fully displaying the leaders, lures or other fishing tackle stored therein.
