|By PR Newswire||
|April 10, 2014 09:15 AM EDT||
CORONA, Calif., April 10, 2014 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a leader in the design and development of custom kiosks and automated retailing units, commented today on a recent report from the BBC News that stated that people are racing to invest in companies doing business in the legal marijuana industry, termed "The New Green Rush."
"Investors have flocked to cash in on the new markets, causing stocks in cannabis companies to soar," the BBC reported.
"I've made $515,000 so far," the BBC reported about one man who quit his job in December after barely six months of trading in marijuana stocks.
Medicinal marijuana is now legal in 20 states and the District of Columbia, with more states set to consider decriminalizing the drug altogether. Canada, another big market, is to make it easier for medicinal cannabis to be grown on an industrial scale.
"It is not just shares in marijuana growers that are blossoming," according to the BBC. "Companies selling a wide variety of marijuana-related products, from vapor inhalers to cannabis vending machines, are all seeing their stock rise."
Shannon Illingworth, Founder and Chairman of AVT, said that the company is well-positioned to benefit from the growth in the marijuana industry. "We manufacture a variety of systems for our clients in this rapidly expanding industry," he commented. "As more states and countries move toward legalization, we believe our clients will see a significant increase in business, which could translate into more manufacturing orders for us."
According to the BBC, Todd Harrison, formerly of Morgan Stanley and now the founder of a prominent investment news website, said: "It's the single best investment idea of the next decade."
For more information on AVT or their automated marijuana and medical dispensing kiosks and vending systems, contact the company at (877) 424-3663, or visit the website at: www.autoretail.com.
To read the article in the BBC, visit: http://www.bbc.com/news/business-26682207
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Forward-Looking Statements: The statements in this and all of our press releases constitute forward-looking statements within the meaning of federal securities laws. Such statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, such forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Potential risks and uncertainties include, but are not limited to, technical advances in the industry as well as political and economic conditions present within the industry. We do not take any obligation to update any forward-looking statement to reflect events or developments after a forward-looking statement was made.
SOURCE AVT, Inc.