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COMPUTER HARDWARE & SERVICES | Specialty Computer Hardware / Point of Sales & Retail Computer Systems
autospense.com

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Stage

Acquired | Acquired

About Dispense Labs

Dispense Labs is the developer of Autospense, a fully automated dispensing system that mitigates problems and concerns associated with medical marijuana. The company provides solutions and sound business practices in support of social, political, business, law enforcement and community interests.In May 2013, Dispense Labs was acquired by Endexx. The valuation of Dispense Labs was undisclosed. Other terms of the deal were not released.

Dispense Labs Headquarter Location

27068 La Paz Road Suite 314

Aliso Viejo, California, 92656,

United States

800-316-6071

Latest Dispense Labs News

Marijuana from a Vending Machine? Believe it, Dude

Jul 26, 2013

Believe it, Dude Dispense Labs uses thumb scanning vending machines to track medical marijuana purchases. Aliso Viejo, CA You can buy a lot from a vending machine. Umbrellas, eggs, pizzas and more can be found inside the convenience of a cash-swallowing machine. But schedule I drugs? It's not as crazy as it sounds, says Joe DeRobbio, founder of Aliso Viejo-based  Dispense Labs . His company has taken a design meant for industrial tools and applied it to the needs of marijuana dispensaries, he told the Orange County Register . And now an outside investor has taken an interest. DeRobbio told the Register he expects his company's pending acquisition by Endexx Corp. to be completed Friday. Endexx is a publicly traded company from Cave Creek, Ariz. that bought another marijuana vending machine firm, CannCan, in April. How it Works The machines identify patients by scanning their thumbs and medical marijuana cards. Once identified, a customer uses a touch-screen monitor to select a purchase from nearly 800 individual marijuana compartments. Then the machine's custom software tracks what's purchased, who purchased it, when and how often. That creates a paper trail that could help dispensaries stay on the right side of the law, DeRobbio said. To further protect dispensaries, the machines are encased in steel, he told the Register. Future Plans DeRobbio currently has five machines built, and says he has orders coming from California and other western states, including Colorado, Washington and Arizona. The machines play into Endexx's plan to become a hub of medical marijuana technology with the end goal of becoming "one of the key companies in the sustainability and growth of the Medical Marijuana Industry," according to a recent press release. While Endexx CEO Todd Davis acknowledges the legal challenges facing the industry currently, he says he wants his company in the ready position if the federal government reclassifies marijuana.

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Expert Collections containing Dispense Labs

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Dispense Labs is included in 1 Expert Collection, including Cannabis.

C

Cannabis

3,615 items

These companies participate in - or service businesses that participate in - the legal cannabis industry. Our definition of cannabis includes both marijuana and hemp (and all derivatives). The collection includes both "plant-touching" and "non-plant-touching" businesses.

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