Custom Vending Machines

Posts tagged ‘cannabis stocks’

AVT provides new technology to the growing $10.2 billion cannabis market

AVT has received increased interest in their automated medicine dispensing systems, which can be used by hospitals, doctor offices, pharmacies, alternative heath clinics and marijuana dispensaries. AVT’s newly designed systems provide for the automated dispensing and secure storage of medicines and regulated products.

“We are getting inquiries about our automated medicine dispensing systems from across the nation,” James Winsor, CEO of AVT said. “Our newest systems have been engineered to have a UL safe rating that meets or exceeds state requirements, a multi-point interior locking system, a double-walled design for additional protection, plus intrusion alert with motion sensor activation,” he added. “However, we are the manufacturer. Our systems are built for and sold by our client partners, and we direct all sales inquires to them, as appropriate.”

According to Pharmacy Times, the pharmacy automation systems market is expected to grow to $7.8 billion by 2018, having been valued at 4.7 billion globally in 2011. This market gain of over 65% does not include figures for the rapidly growing legal marijuana industry, which according to CNBC, could grow to $10.2 billion.

An article in Pharmacy Purchasing and Products stated that the growth in the Automated Dispensing Systems market is not surprising, considering they provide “Improved medication security, robust tracking capabilities and inventory control, and fewer dispensing errors compared with manual systems.”

The American Academy of Orthopaedic Surgeons recently recommended using automated medicine dispensing systems. “It is apparent that the use of this technology will decrease medication errors,” they reported. “Technological solutions will continue to emerge with efforts to improve safety and quality in all aspects healthcare delivery.”

Winsor is optimistic about the growing demand for automated dispensing systems. “Our expertise in this market is second to none, and as we continue to innovate and refine our systems, we will further secure our role as a key player in the rapidly growing healthcare and legal marijuana industries.”

For more information on AVT or their custom vending machines, call (877) 424-3663, or visit: www.autoretail.com.

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MSN Money Lists AVT as a “Stock to Watch in 2014”

A recent article in MSN Money listed AVT (AVTC) as one of the hottest stocks to watch in 2014. In a report titled, “14 Cannabis Stocks to Watch in 2014,” it stated that the move toward legalization of marijuana for both medical and recreational use has boosted cannabis-related companies.
“Marijuana investors took interest in the (AVTC) stock when Medbox  (MDBX) announced a purchasing agreement,” the article stated.

AVT is one of the few companies in the list of Stocks to Watch that is not involved in the production or cultivation of marijuana.

AVT manufactures biometric secure storage, dispensing and inventory control systems for their partner, Medbox. These systems also provide an unalterable record for accurate taxation purposes and regulatory compliance.

 

 

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