American Green Endexx Team Up To Develop Marijuana Vending Compliance Platform

PHOENIX -- American Green Inc. and Endexx Corp. have agreed to jointly establish what they said will become a unified compliance standard for inventory control and eligibility verification in pot vending machines.

Their plan is to develop and license what they're calling an "integration and connectivity interface platform" to foster standardization and adoption by regulators and local jurisdictions in legal markets.

The agreement also calls for collaboration on technology connectivity with the integration of American Green's Verify Pay point-of-sale system incorporating Endexx's M3Hub inventory management system. The companies also plan to develop and license the M3Hub platform for third-party POS and vending systems.

"While working with the Marijuana Enforcement Division in Colorado and other jurisdictions, it has become apparent that an all-inclusive system unifying procedures, protocols, policy, rules and regulations platform is mandatory for companies in the legal marijuana industry to operate within a standardized compliant infrastructure," said Endexx chief executive Todd Davis.