There is provided a vending machine that prevents a commodity receptacle from being damaged and a commodity from slipping out thereof by a shock due to falling even if a commodity receptacle undergoes free fall without requiring a complicated structure for preventing the commodity receptacle from undergoing free fall. When it is detected that the fall velocity of a bucket 60 falling due to disconnection of power supply to a second motor 72a of a bucket moving mechanism 70 is equal to or greater than a predetermined speed, a braking force for decelerating the fall velocity of the bucket 60 is intermittently generated and thereby the bucket 60 can be lowered to the lowest point at a speed slower than free fall. This configuration prevents the bucket 60 from being damaged and a commodity from slipping out thereof by a shock due to falling and does not require a complicated structure for preventing the bucket 60 from undergoing free fall. Additionally, the bucket 60 is not locked, and thus the bucket 60 can be manually moved during maintenance work for restarting the vending operation.