LOS ANGELES, Dec. 18, 2014 /PRNewswire/ -- A recent report in
the Washington Post said the legal cannabis industry could reach
revenues of $35 billion by 2020.
Several companies are emerging as leaders in this industry.
AVT, Inc. (OTC Markets: AVTC)
(www.autoretail.com), is a leading technology solutions provider
and manufacturer of marijuana storage and dispensing systems for
use in cannabis dispensaries nationwide. Through an exclusive
manufacturing partnership with Medbox, the company makes these
systems available to medical marijuana dispensaries and adult-use
retail outlets in states with legal programs.
The company designs and develops technology-driven systems that
help dispensaries stay in compliance with regulations, increase
security, and manage transparency. AVT also develops automated
retailing systems for use outside the cannabis market. According to
a recent report on TheStreet.com, "Businesses are seeking more
touch points while customers are demanding immediate gratification
and this is leading to increased demand for kiosks."
Medbox, Inc. (www.medbox.com), through its subsidiaries,
provides patented biometrically controlled medicine storage and
dispensing systems to the medical and retail industries. The
company offers Medbox, a biometric medicine dispensing machine that
dispenses herbal and prescription medications to individuals based
on biometric identification primarily for pharmacies, assisted
living facilities, prisons, hospitals, and doctors offices. MDBX
closed up over 46% at $6.89 on over
200,000 shares traded by the market close on Wednesday.
Bud Genius (www.budgenius.com), is currently negotiating
exclusive product endorsement and licensing deals with celebrities,
stars, entertainers, and other household names. CEO Angel
Stanz said, "From McDonalds to Rolls-Royce, the power of branding
has been proven over and over again. We are bringing this power of
branding to the cannabis industry. Bud Genius will also add non-THC
products to its sales distribution channel, including celebrity
branded hemp products, hemp infused edibles, and consumption
devices. The company recently completed a stock repurchase,
lowering its outstanding and authorized shares by about 5%.
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SOURCE AVT, Inc.