The dispensary is a well-known, high volume dispensary licensed in medical and recreational marijuana sales.
The 100-day pilot program is designed to test for compliance and tracking integration under the Medical Marijuana Infused Products Manufacturing License program (MIPS) regulated by the Marijuana Enforcement Division of Colorado. During the program, a goal is to collect measurable data on dispensary clients’ behavior, market test adoption drivers and collect valuable intelligence on the ways Autospense can enhance profitability to store owners, offset labor costs, assist in inventory management, eliminate client wait time and increase customer loyalty and satisfaction.
The program will be put in place for an initial 100 day trial period, followed by a lease option on the equipment. Endexx is pursuing similar market testing ventures with dominant licensed retailers in newly legalized markets.
Endexx’s Autospense is a high-tech marijuana inventory control and dispensing machine, which provides up to the minute accounting details, monitoring and tracking of inventory, and provides verification and safety for the product as well as patients and customers of the dispensaries.
Autospense increases productivity and reduces costs for marijuana retailers, while enhancing their service quality by reducing transaction time for customers. Endexx will be displaying the Autospense at the Weedstock Conference on June 30-July 2, 2014. After the conference has commenced, the unit will be shipped to the dispensary in Colorado. Endexx will announce more details of the launch following the conference.
"After intensive research and development we are very excited to launch Autospense™ into the first dispensary," said Todd Davis, Founder and CEO of Endexx Corporation.
"Pharmaceutical-grade compliance is essential for the success of both the medical and recreational marijuana industries. Autospense is ideal for any dispensary and offers a cutting-edge solution that maintains full compliance with regulations. This launch is a huge milestone for us and positions us perfectly to grow within the industry. This is only the beginning as we look to roll out more Autospense machines in the coming months."