After a quick walk through any LaGuardia Airport terminal, you will have seen vending machines from Best Buy Co Inc. (NYSE:BBY) selling headphones, automated mini-pharmacies from CVS Health Corp. (NYSE:CVS) selling Advil and Bandaids, and down jacket dispensers from, a wholly-owned subsidiary of Fast Retailing Co. (OTC:FRCOY) (OTC:FRCOF).With the U.S. Hemp-derived CBD market to top $20 billion by 2020, it’s only logical that vending machines may soon become a larger piece of the CBD supply chain.
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CBD Vending Machines Already in BrooklynRecently, One Step Vending, Corp. (OTC:KOSK) successful installations of CBD vending machines in convenience stores around Brooklyn offering CBD infused products to adults including “gummies, capsules, CBD oil, drinks, coffee and tea.”One Step Vending President David Garfinkel commented:“We’re very pleased with the warm reception of the vending machines in our merchant network stores and we currently work closely to promote the first products, support the customers and make available the best products in the American CBD market through our vending machines.”.
Not only do vending machines have a smaller carbon footprint compared to traditional retail operations, but their wide variety of logical applications ranging from public transport hubs to shopping malls allow sellers to increase their consumer reach tremendously.Additionally, they can help in “accelerating the shopping process with a detailed product overview and various payment options. The incorporation of such smart solutions in stores is driving the sales and profitability of the retail businesses, thereby accelerating the market demand.” ConclusionOne Step Vending Corp. Just CBD vending machine back in December, but they’re already penetrating the New York City market with. We’ll be watching closely to see if competitors pop up.
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Holdings Corp. DMOholdings.com DISCLAIMER: DMO Holdings Corp., which owns MJobserver.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. DMO Holdings Corp., which owns MJobserver.com, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. DMO Holdings Corp. Or its affiliates, which owns MJobserver.com, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two.