Lately CBD is the second word out of everyone’s mouth and on the minds of every entrepreneur in the world. For good reason, it’s a natural remedy for a myriad of bodily woes. For many, CBD is allowing them to reduce their epileptic seizures down to nary once a week.
With a product with this much healing potential finally legal in all 50 states, it’s no wonder everyone’s trying to get a piece of the CBD pie. Wemp is a company creating smart CBD vending machines that may be the easiest way to get in on some of the action.
What a lot of people in the US don’t realize is CBD is currently legal in 27 countries around the world. There are several countries in Europe such as Israel and Switzerland that are producing crazy amounts of hemp-derived CBD products. CBD is more than rapidly becoming a global and social phenomenon that is worth garnering interest in.
At the rapidly approaching Cannatrade in Zurich, Wemp’s smart CBD vending machines will be on display. What they can bring to literally any existing business is a small investment that takes minimal daily transactions to turn a profit. I had the opportunity to further my knowledge on Wemp’s new machine on the phone with the COO of Ubican, Matt Mudano.
Wemp’s Smart CBD Vending Machine
When looking at the vending machine it looks friendly. It looks like something you’d see in a mall, or in your local pharmacy. It has a big touch screen that lights up with colorful options for CBD products. Wemp’s extensive
Each machine can hold over 60 different brands of products and stock more than 700 individual items. The machines operate on a franchise system, where there is a buy-in to get one or more in your existing business space. Matt said though, “if you average three customers a day and have three machines, you’ll be averaging $3,000 a month per machine.” If CBD wasn’t interesting enough, these numbers are. Machines can also be custom made to be any size. Anything from your typical soda-size vending machine to a giant glass case—sky’s the limit.
Discount & Promotion
Each of Wemp’ smart vending machines have interfaces that are fully customizable. This gives you the opportunity to create slick promotions that can display on each individual machine, or all of them at once. Also, since it’s your machine, why not set price based on demand? You never know how well a CBD vending machine may do in a place like a bar, or even a gym. CBD and cannabis are known favorites of countless professional athletes.
Age Verification
Each of Wemp’s kiosks comes with complete state-of-the-art age verification technology that’s compliant with US/EU legislation. This same technology is valid for age identification in 190 countries presently. In addition to age verification, each kiosk has the ability to capture data such as age group, demographic, and gender.
Online Inventory Fulfillment
All of the vending machines from Wemp have cloud technology that interacts with a host app reporting inventory levels. You’re able to remotely monitor inventory at all times, also compiling reports along the way on product performance and demand. There’s a convenient back-end portal for operators to manage all of their inventory across all of their kiosks.
Not Just For CBD!
With its age verification technology, these smart vending machines aren’t just for CBD. Ultimately, they’ll be able to contain THC products in applicable legal states, as well as anything that needs age verification. For example, Matt said he spoke with a pharmacy in Pennsylvania that plans to put prescription drugs into their Wemp vending machine once it hits the market. The possibilities are literally endless for what could be dispensed from your Wemp smart vending machine. Matt said Wemp’s slogan is—“We serve it. You deserve it.”
Overall, with the machines operating on a franchise level, no matter what you’re putting in them, there’s substantial opportunity. If you own and/or operate any sort of retail or business space there’s a way for you to make an easy entry into the booming CBD industry. Depending on the locations of the businesses you put your kiosks in, you have extreme potential to offer a diverse array of popular products. Come see Wemp’s vending machines in action at Cannatrade in Zurich in coming weeks.
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