Legal Marijuana Industry Could Be Bigger Than NFL

CORONA, Calif., Oct. 27, 2014 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a leader in automated retailing systems, safe and secure storage systems, and custom vending machines, commented today on the recent report in the Washington Post that said the legal cannabis industry could reach revenues of $35 billion by 2020.

To put that figure in perspective, this is more annual revenue than the NFL (currently $10 billion), and is on par with the newspaper publishing industry ($38 billion) and the confectionary industry ($34 billion).

Shannon Illingworth, AVT Founder and Chairman, said one of the keys to achieving this growth will be in automation and compliance. "We build systems that add security and transparency to the dispensing process, by securing the cannabis in military-grade storage systems, and creating an unalterable digital trail of every purchase," he said. "This provides government regulators and tax agencies with a verifiable stream of accurate information, which not only completely removes any ambiguity, but also protect the dispensaries by keeping them in complete compliance at all times."

"Considering the legal marijuana industry generated roughly $1.53 billion in revenues in 2013, according to industry research group Arcview Market Research, it's reasonable to assume there's a lot of growth potential between now and then," the Washington Post reported.

"We are in the best position to profit from the rapidly growing marijuana industry," Illingworth commented. "We are not involved in any of the riskier sectors of the industry such as growing or dispensing, but can participate in the market growth by providing automated systems through our clients," he added. "Every time another state or city allows legal cannabis sales, we increase our base of potential sites for our state-of-the-art systems."

For more information, call AVT at (877) 424-3663, or visit: www.autoretail.com.

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SOURCE AVT, Inc.

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