Custom Vending Machines

Posts tagged ‘marijuana vending’

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.

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