A number of American Green Inc (OTCMKTS:ERBB)’s medical marijuana vending machines have been activated in various locations. The company hopes to cover all the relevant markets in the U.S. by the end of this year. American Green’s ZaZZZ machines are used for vending of medical cannabis and they ensure that only qualified customers are able to get their hands on strictly regulated medical marijuana.
ZaZZZ machines have gone live in locations such as Arizona and Colorado. There are still more markets that American Green Inc (OTCMKTS:ERBB) is targeting with its age-verifying fulfillment machines. The news about the launch of the second-generation of ZaZZZ machines gave a boost to the shares of American Green.
According to American Green, the verification that ZaZZZ machines provide is far much better verification than human process. Kent Steiner, who is the VP of Software Integration at American Green, stated that the goal of ZaZZZ machine is to support most accurate identification of users.
Even in states where medical marijuana has been legalized, authorities strictly control the processing and distribution of the products. Doctor approvals are required for those seeking cannabis-based treatment. The efforts are made to ensure that marijuana does not get into the wrong hands, which can foster abuse of the drug.
Given the tight regulation of medical cannabis and vendors’ desire to comply with the strict rules so that they don’t lose their permits, American Green is poised to make more ZaZZZ machine sales. The push for cannabis legalization in more states in the U.S. also bodes well for American Green with its verified fulfillment machines.
According to American Green Inc (OTCMKTS:ERBB)’s CEO, Stephen Shearin, their aim is to create a responsible automatic vending machine for the 21st Century. He stated that they feedback they have been receiving about the machines already deployed are encouraging and will also incorporate the suggestions they receive.
American Green Inc (OTCMKTS:ERBB) posted a loss $2.2 million in the most recent quarter despite significant increase in revenue.