Custom Vending Machines

Posts tagged ‘Marijuana 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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Washington Joins Growing List of States Legalizing Marijuana as Market Predicted to Grow to $10.2 Billion

AVT (ticker: AVTC), a leader in automated retailing, micro-stores, custom vending machines and kiosks, commented today on the opening of legal marijuana dispensaries in Washington State.

The state now joins Colorado as the first two in the nation to allow for the legal adult use of marijuana or cannabis.

Experts predict that sales of cannabis in Washington will surpass those in Colorado, which according to ABC News is larger than previously estimated. Washington State has a population that is 33% greater than Colorado’s, accordingly the market is predicted to be proportionately larger.

As more states pass medical and adult use marijuana legislation, the need for systems that regulate and control the substance will increase. Storage dispensing and compliance machines such as the type that AVT builds for its customers will grow in demand.

“One of the things that separates AVT from any other manufacturer is that we partner with some of the most innovative companies in the world to produce new types of systems that redefine entire industries,” Shannon Illingworth, Founder and Chairman of AVT commented. “From a self-service propane tank exchange to a gourmet coffee kiosk that has almost as many options as your neighborhood coffee shop; or an automated eyeglass cleaner and sanitizer; or a hot burrito, freshly squeezed juice, or freshly prepared salad dispenser; AVT is at the forefront of helping design, develop, and launch the most innovative self service systems in the world,” he added. “The marijuana and medicine dispensing machines we build for our clients are another example of how technology can shape the future of industries.”

According to CNBC, the marijuana market in America could top $10.2 billion within a few years.

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

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.

 

 

Marijuana Stocks Soar as More States Join the Legalization Bandwagon

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.

 

For more information, visit: www.autoretail.com

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