Marijuana Stocks Soar as More States Join the Legalization Bandwagon
AVT is a leader in providing secure storage and dispensing systems through their partner companies
PR Newswire
CORONA, Calif., June 18, 2014
CORONA, Calif. , June 18, 2014 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) ( www.autoretail.com ), a leader in custom vending machines and automated retailing systems commented today on the recent upsurge in stocks in the marijuana industry.
An article in NPR titled, "Entrepreneurs Buzzing Over Medical Marijuana in Florida ," reported that twenty-two states and the District of Columbia now have laws allowing for some form of medical marijuana. " Florida appears poised to join the club. Polls show that voters there are likely to approve a November ballot measure legalizing marijuana for medical use."
If Florida approves it, it will be the first state in the Southeast to do so. And with nearly 20 million residents, it will be the biggest market outside of California .
The Statesman Journal reports that there are now enough signatures to get a legalization measure on Oregon's ballot this November. If passed, which seems probable, the state would become the third to have legalized cannabis.
CBS News reported that Colorado's governor expects marijuana sales to reach $1 billion in his state by the end of the fiscal year later this month.
And according to the New York Times , more than half the states, including some in the conservative South, are considering decriminalizing the drug or legalizing it for medical or recreational use.
"Clearly, this market is growing dynamically," said Shannon Illingworth , Founder and Chairman of AVT. "Our partner is one of the leading companies in the cannabis industry, and as more states pass legalization measures, there will be a greater number of opportunities for sales of their products, which creates more manufacturing orders for us," he added. " As this industry continues to grow – in ways not seen since the dot-com explosion – we are well positioned to take advantage of the tidal wave of momentum."
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AVT is a publicly traded company (ticker: AVTC), with a 15-year track record of success and innovation. AVT provides custom solutions to companies seeking an automated platform to increase sales, expand distribution, control lift, lower overhead, and enhance brand awareness. For information, call (877) 424-3663, or visit: www.autoretail.com .
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