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.
An article in NPR titled, “Entrepreneurs Buzzing Over Medical Marijuana Florida,” reported that Twenty-two states and the District of Columbia now have laws allowing for some form of medical marijuana. “Florida appears poised to join the club. Polls show that voters there are likely to approve a November ballot measure legalizing marijuana for medical use.”
If Florida approves it, it will be the first state in the Southeast to do so. And with nearly 20 million residents, it will be the biggest market outside of California.
The Statesman Journal reports that there are now enough signatures to get a legalization measure on Oregon’s ballot this November. If passed, which seems probable, the state would become the third to have legalized cannabis.
CBS News reported that Colorado’s governor expects marijuana sales to reach $1 billion in his state by the end of the fiscal year later this month.
And according to the New York Times, more than half the states, including some in the conservative South, are considering decriminalizing the drug or legalizing it for medical or recreational use.
Clearly, this market is growing dynamically. AVT’s partner is one of the leading companies in the cannabis industry, and as more states pass legalization measures, the greater the number of opportunities exist for their products, which creates more manufacturing orders for AVT.
As this industry continues to grow – in ways not seen since the dot-com explosion – AVT is well positioned to take advantage of this tidal wave of momentum.
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