We definitely consider this a highly successful auction. We plan to provide more and more of these auctions in the future as we have created a team of buyers dedicated to replenishing our inventory for this market.
WOOD DALE, Ill. (PRWEB) February 17, 2021
Aaron Industrial Solutions (AIS), a division of Aaron Equipment Company, has just completed another successful Cannabis Consignment Auction. Increasingly, cannabis end users are employing consignment auctions to sell idle assets in a transparent environment while buyers can procure used equipment for much less cost than buying new.
The emerging Cannabis industry is one of the newest and fastest growing industries in the world. Despite the plant being illegal under federal law as a Schedule I drug, the U.S. legal marijuana industry was estimated at $13.6 billion in 2019 with 340,000 jobs devoted to the handling of plants. The market value of the industry is projected to reach $30 billion by 2025, according to industry research group New Frontier Data.
Cannabis and its offspring products may be the world's most commonly cultivated and used drug and as the push for legalization grows, marijuana is amassing significant attention from investors and manufacturers. These groups are scrambling to find equipment to outfit their cultivating and packaging processes. Many small companies are now ramping up production to compete with new larger companies entering the market. Both groups are looking for deals on equipment and have a need to buy and implement production as soon as possible.
This is where Aaron Industrial Solutions’ Cannabis Consignment Auctions provide a marketplace. Aaron has compiled a wide selection of used and unused cannabis processing machinery from major manufacturers in a variety of models and sizes. This equipment includes Extraction Equipment, Distillation Equipment, Drying Equipment, Greenhouse Equipment, Harvesting Equipment, Laboratory Equipment, as well as Feeders, Filters, Chillers, Generators, Granulators, Homogenizers, Presses, Evaporators, Sifters, Tanks, Trimmers, and Packaging Equipment.
Aaron Industrial Solutions hosted an online auction for these assets which gained remarkable attention. We continue to be pleased with the level of bidders participating in the auction as well as the number of sales. In most cases, the buyers were able to make rigging and shipping arrangements at the time of the sale ensuring that the equipment would be delivered as soon as possible, so that they could implement the machinery into production immediately.
“We definitely consider this a highly successful auction,” said Andy Cohen of AIS. “We plan to provide more and more of these auctions in the future as we have created a team of buyers dedicated to replenishing our inventory for this market.”
Businesses who would like to learn more about how Aaron Industrial Solutions can assist them in either buying or selling equipment in the next Cannabis Consignment Auction can contact Andy Cohen at (630) 350-2200 or firstname.lastname@example.org.