NEW YORK (MainStreet) What started as a technology company called Tranzbyte (ERBB) fifteen years ago has morphed to include a cannabis ancillary business called Altitude Organix that's unveiling an automated medical marijuana dispensing machine called ZaZZZ.
"Tranzbyte is first and foremost a technology company but as the climate changed around cannabis legalization in the U.S. we recognized an opportunity in the legal marijuana market," said Stephen Shearin, COO with Tranzbyte. "The ZaZZZ machine with its ZaZZZ product line is a great example of this."
Much like a bank ATM, Altitude Organix developed the ZaZZZ machine to operate with the swipe of a card, which will verify identity, age and prescription information of a medical marijuana patient before releasing measured packages of marijuana.
"The upside is you won't have to be waited on by an assistant if you don't require consultation and the location is busy," Shearin told MainStreet. "The machine is capable of holding 15 pounds of marijuana. So, dispensing cannabis products in prepackaged amounts according to legal requirements in each municipality will not be an issue."
Automated marijuana dispensing machines are not a new concept. Tranzbyte's competition is MedBox (MDBX), but that doesn't dampen the enthusiasm of Fred Fuld, creator of the Marijuana Stock Index.
"If legal medical marijuana continues to spread throughout the United States, there may be plenty of business to go around for the medical pot vending machine marketers and operators," Fuld told MainStreet. "These machines may become as common as cigarette vending machines used to be."
Tranzbyte expects to unveil the first ZaZZZ machine at their Arizona headquarters towards the end of the month. "We have partner dispensaries lined up that will test and then install the machine in select locations where medical marijuana is legal in Colorado, Arizona eventually California and beyond."