Source: Money Journal – Bob Rickie, Press Release 12.18.14
Companies that support marijuana industry could grow exponentially
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.
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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