A medication dispensing apparatus of the present invention contains a plurality of different kinds of medication (23) separately, dispenses the medicament to pack them into package belt (13), and discharges the package belt (13). The medication dispensing apparatus comprises a cutting device (27) for cutting the package belt (13) into short package belt including at least one medication package (13a) for specified period in accordance with prescription data, a stacking device (44) for stacking the short package belts and a bundling device (47) for bundling the stacked short package belts. According to the medication dispensing apparatus, it is possible to cut off medication packages (13a) and empty packages (13c) from the package belt (13) automatically and rapidly, reducing medication distributing job in a hospital. The medication dispensing apparatus is applicable to a medicament collecting system comprising a tray feed station (1), a medication dispensing station (4, 5, 6) and a tray recovering station (2).