CORONA, Calif., Nov. 5, 2014 /PRNewswire/ -- AVT, Inc. (OTC
Markets: AVTC) (www.autoretail.com), a leader in automated
retailing systems, storage and dispensing systems for legal
cannabis, and custom vending machines, commented today on the voter
approval of several cannabis legalization measures.
AVT is a leading manufacturer of cannabis storage and dispensing
systems for use in dispensaries. Their system, which is sold
through their client's sales and distribution networks, provides
the utmost in security, transparency and compliance.
"Automated retailing is going to big a big part of the future of
the American cannabis industry," Shannon
Illingworth, Founder and Chairman of AVT stated.
Tuesday's vote to legalize cannabis in Oregon and Alaska will provide additional opportunities
for sales and placements of systems.
The Oregon and Alaska measures would
legalize recreational cannabis use and usher in a network of retail
shops similar to those operating in Washington state
and Colorado. According to CNN, the Oregon law will also create a commercial
regulatory system for the production, distribution and sale of
marijuana.
According to a recent article in the Washington
Post, the legal cannabis industry could reach revenues of
$35 billion by 2020.
"AVT has been in the controlled delivery business from the start
of the legal cannabis industry," Illingworth stated. "Our systems
provide the technology that assures compliance with all
regulations, so that the dispensing process is controlled, taxed,
and accurate."
"Wins in Alaska and
Oregon will provide a boost to
efforts in other states because they will demonstrate the benefits
of regulating and taxing marijuana," said Mason Tvert, a spokesman for the Marijuana
Policy Project. "Some states will end marijuana prohibition more
quickly than others, just as some states ended alcohol prohibition
more quickly than others. But they all did in the end, and now just
about everybody recognizes that it was a good idea," he added.
For more information on custom vending, or to discuss an
automated retailing idea or solution, call AVT at (877) 424-3663,
or visit: www.autoretail.com.
Forward-Looking Statements
The statements in this press release constitute forward-looking
statements within the meaning of federal securities laws. Such
statements are based on our current beliefs and expectations and
are inherently subject to significant business, economic and
competitive uncertainties and contingencies, many of which are
beyond our control. In addition, such forward-looking statements
are subject to assumptions with respect to future business
strategies and decisions that are subject to change. Potential
risks and uncertainties include, but are not limited to, technical
advances in the industry as well as political and economic
conditions present within the industry. We do not take any
obligation to update any forward-looking statement to reflect
events or developments after a forward looking statement was
made.
SOURCE AVT, Inc.