Endexx Launches Marijuana Dispensing Pilot Program In Colorado
December 01 2014 - 8:45AM
InvestorsHub NewsWire
![](http://images.investorshub.advfn.com/images/uploads/2014/9/24/awimfEDXC.png)
Endexx Launches Marijuana Dispensing Pilot Program In
Colorado
Company’s Autospense™ Technology Being Tested at Pure Medical
Dispensary
CAVE CREEK, AZ - December 01, 2014 - InvestorsHub NewsWire - Endexx
Corporation (OTC Pink:
EDXC), a provider of innovative medical marijuana management
and technology solutions, announced today that the secured site
location to test its AutospenseTM technology is at Pure Medical
Marijuana Dispensary on Colfax Ave. in Denver, Colorado. Pure was
one of the first two dispensaries in 2009 to become a licensed
dispensary in Colorado, and has served as a leader in the medical
marijuana market for quality control, technology integration and
compliance protocol. The 100-day pilot program is designed to
test for compliance and tracking integration under the regulations
set forth and enforced by the Marijuana Enforcement Division of
Colorado. The pilot program also allows for
collaboration in a live dispensary environment, to test technology
and process integration for benefit of the dispensary owner and its
patients and customers. The Autospense is installed and being
calibrated this week for full time use.
Michael Quattrone, of Pure Medical Dispensary stated, “In order to
maintain top level quality control, transparency and compliance
standards in this ever changing market, technology integration is
key to sustainability and success. Endexx provides us a
professional technology solution and a team that clearly has an
objective to help set the standards for our industry. We are
excited to participate in this critical and necessary pilot
program.”
Endexx’s AutospenseTM is a high-tech marijuana inventory control
and dispensing machine, which provides up to the minute accounting
details, monitoring and tracking of inventory, and provides
verification and safety for the product, as well as patients and
customers of the dispensary. AutospenseTM increases store
productivity up to 10x and reduces operation costs for marijuana
retailers, while enhancing their service quality by reducing
transaction time for customers and provides patients and customers
an option to make rapid purchases when they know what they want and
are short on time.
“Lack of transparency and compliance can make dispensary
owners vulnerable,” said Todd Davis, Founder and CEO of Endexx
Corporation. “Regulatory compliance is essential for the long term
sustainability of both the medical and retail marijuana
markets. AutospenseTM is ideal for any dispensary and offers
a cutting-edge solution that maintains full compliance and has the
ability to adapt with changing regulations. After extensively
evaluating the barriers to adoption in an often-uncertain
regulatory environment, Endexx chose to seek the most transparent
and legal route before launching its product lines.
Collaborating with a proven leader in the medical cannabis
industry, Pure’s management team has offered us the perfect
environment to execute our mission and test our compliance
platform.”
About Endexx
Endexx provides innovative medical marijuana management and
technology solutions. The company has two products that launched in
2014 – the M3hub and the AutospenseTM. Both products provide
essential solutions to promote regulatory compliance and full
accountability through “seed to sale” inventory management and
tracking. Based on principles developed by the pharmacological
industry, the m3hub database is the first standardized software
platform for tracking pharmaceutical grade marijuana to support a
Centralized Medical Marijuana Industry Repository and maintain
compliance with the laws of State government and local regulatory
bodies, as well as, provide a smooth transition to the eventual
Federal mandates. The AutospenseTM is a high-tech marijuana
inventory control and dispensing machine, which provides up to the
minute accounting details and protects the security of the product
as well as the patient. By automating the dispensing process,
Autospense™ increases productivity and reduces costs for marijuana
retailers, while enhancing their service quality by reducing
transaction time for customers. www.endexx.com,
www.m3hub.com, www.autospense.com
Safe Harbor Notice
This press release may contain "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, such as statements relating to financial results and plans
for future development activities, and are thus prospective.
Forward-looking statements include all statements that are not
statements of historical fact regarding intent, belief or current
expectations of the Company, its directors or its officers.
Investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties, many of which are beyond the Company's ability to
control. Actual results may differ materially from those projected
in the forward-looking statements. Among the factors that could
cause actual results to differ materially from those indicated in
the forward-looking statements are risks and uncertainties
associated with the Company's business and finances in general,
including the ability to continue and manage its growth,
competition, global economic conditions and other factors discussed
in detail in the Company's periodic filings with the Security and
Exchange Commission. The Company undertakes no obligation to update
any forward-looking statements.
For further investor and media information, contact:
Endexx Corporation
Todd Davis, Chairman & CEO
endexx@endexx.com
480-595-6900
IRTH Communications
Robert Haag
Managing Director
edxc@irthcommunications.com
866-976-4784
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