Washington Joins Growing List of States Legalizing Marijuana as Market Predicted to Grow to $10.2 Billion As more states legalize medical and adult-use recreational marijuana, need is greater for systems such the type AVT builds for their customers, to provide greater compliance and adherence to regulations
CORONA, Calif., July 14, 2014 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), 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.
ABOUT AVT, Inc:
AVT is a publicly traded company (ticker: AVTC), with a 15-year track record of success and innovation. AVT provides custom automated solutions to increase sales, expand distribution, control lift, lower overhead, and enhance brand awareness. For information, call (877) 424-3663, or visit: www.autoretail.com.
SOURCE AVT, Inc.