NEW YORK, June 22, 2017 /PRNewswire/ --
Within the exploding legalizedmarijuana industry, new innovations and investment opportunities are cropping up all the time; no matter what sector you have interest in, there is likely an investment option to be explored. Among enterprising companies looking for innovative ways to
The growth of the legal marijuana market has been bigger and faster than the growth of the dot-com industry in its heyday, experts say. In North America, cannabis sales grew by 30 percent in 2016, reaching $6.7 billion; marijuana sales in North America, including Canada, have been projected to surpass $20.2 billion by the year 2021, assuming a CAGR of 25 percent. The rapid growth within this developing market is constantly creating new opportunities as laws change, new cannabis enterprises open up, and service needs emerge for those businesses. There are plenty of prime investment opportunities, both in companies that handle the marijuana plant and in companies that don't.
One increasingly recognizable marijuana play is SinglePoint (SING) which plays a role in a variety of sectors, including payments, technology, hydroponics and gardening, and more. Among its present endeavors, SinglePoint recently announced (http://nnw.fm/7XlMo) an initiative to develop a bitcoin payment solution for cannabis businesses, which due to federal restrictions and bank reluctance, are currently 'unbankable' and must deal in cash only. SinglePoint has partnered with First Bitcoin Capital Corp. (BITCF) to create a proprietary bitcoin payment solution that can be easily implemented in any point-of-sale machine via a simple download, enabling marijuana users to purchase cannabis products using credit and debit cards independent of banks and the FDIC.
SinglePoint has also made various acquisitions as part of its efforts to take a diversified approach (http://nnw.fm/zD4qP) to the marijuana industry without touching the plant. The company's portfolio includes a majority stake in Discount Indoor Garden Supply, an acquisition completed in May which immediately positioned SinglePoint to become a leader in online products, retail stores, cannabis consulting and equipment in California. Additionally, SinglePoint earlier this year invested in Convectium, a company that provides equipment, branding and packaging solutions to the cannabis industry and developed the first cartridge and vape pen oil-filling machines for wholesale distribution to marijuana dispensaries. The 710Shark and 710Seal machines can fill and package over 100 cartridges or disposable vape pens in just 30 seconds and are currently sold through the EquipCanna.com website. Convectium additionally operates a consumer brand that includes BlackoutX and HazeSticks products.
SinglePoint further operates the http://www.SingleSeed.com subsidiary, which is focused on the online sale of cannabis products to dispensaries and has become a leading resource for dispensaries that are seeking merchant payment processing solutions and other business tools. Through SingleSeed payments, SinglePoint offers payment solutions for cannabis businesses that include mobile marketing and payment solutions like cashless ATM, Pay-by-Text™ and text message marketing.
SinglePoint partner First Bitcoin Capital (OTC: BITCF) is also focused on payment solutions. As the first publicly traded cryptocurrency and block-chain-centered company, it is focused on developing digital currencies, proprietary block-chain technologies, and the digital currency exchange http://www.CoinQX.com. Among its payment solutions, First Bitcoin Capital offers automated check-cashing kiosks to medical marijuana dispensaries in California, charging competitive check-cashing fees. This check-cashing ATM service rounds out the company's suite of financial offerings to the medical marijuana industry, which include merchant processing and point-of-sale solutions.
Initially focused on packaging solutions at its inception in 2010, California-based Kush Bottles (OTCQB: KSHB) has since expanded its product line. Kush Bottles' products now range from custom packaging and labeling items to point-of-sale products like grinders, lighters, papers and glass pieces. The company also recently obtained a U.S. patent for a unique customizable mechanism for its top-selling, child-resistant packaging, enabling 3D branded icons to now be attached to the container lids. Kush Bottles caters to thousands of cannabis dispensaries, retail shops, growers and consumers and is a leading packaging supply and services company exclusively serving the needs of the marijuana industry.
In the healthcare sector, Medical Marijuana (OTC: MJNA) stands out as the first company to make hemp cannabidiol (CBD) products available in the United States and around the world, taking the bold step of finding a legal means of providing these products in the U.S. without waiting for federal law changes. The company has done this by providing high-quality cannabis-derived products that feature non-psychoactive cannabinoids such as cannabidiol (CBD), which boasts various potential health applications without reliance on tetrahydrocannabinol (THC). MJNA has gone outside of the U.S. to grow low-THC cannabis varieties (hemp) and has crafted CBD hemp oil from carefully cultivated hemp plants, successfully imported it into the U.S. CBD hemp oil is non-psychoactive, 100 percent legal in the U.S., and contains a full array of phytocannabinoids. The company's products, distributed through HempMeds and Kannaway, include pure CBD hemp oil, Kannaway Essential Oils, tinctures, sprays, capsules, vaporizers, bath and body products, and chewing gum. In addition to selling legal CBD hemp oil products in the U.S., MJNA has also been able to offer the very first legal marijuana products in Mexico and Brazil and has additionally expanded its Kannaway brand into the European marketplace.
Marijuana also finds its place in technology. Vertically integrated technology innovator Solis Tek (OTCQB: SLTK) is also taking a fresh approach within the cannabis industry, offering products and solutions to commercial cannabis growers within legal markets throughout the country. Solis Tek has become a leading provider of digital lighting equipment for hydroponic cannabis cultivation, offering digital lighting solutions that help increase yield, cut costs and improve crop growth. Solis Tek also recently announced the launch of its Nutrient Line, which employs natural ingredients to help growers increase yield, lower costs and grow healthier plants. The first product in this line, Terpenez, is an organically-derived, commercial-grade essential oil intensifier designed to naturally increase the terpene profile of the cannabis plant and thereby enhance the plant's inherent characteristics.
There are many ripe investment opportunities within the legalized marijuana industry, which increasingly gains ground in some of the most favored sectors. This fast-growing market has nowhere to go but up, and savvy investors would be wise to take a look at the playing field and discover the diverse opportunities of the cannabis boom.
For more information on SinglePoint, visit: Singlepoint (SING) or http://www.SinglePoint.com
NetworkNewsWire (NNW) is an information service that provides to users (1) access to our news aggregation and syndication servers, (2) enhanced press release services, and (3) a full array of social communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today's market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW and FNM for any investment decisions by their readers or subscribers. NNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.
The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.
NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW and FNM undertake no obligation to update such statements.
Media Contact e-mail: FN Media Group, LLC firstname.lastname@example.org +1-(954)345-0611
Subscribe to our Free Newsletters!
Acanthosis nigricans is a skin condition in which discoloration and hyperpigmentation of the skin ...
Gastrointestinal bleeding refers to hemorrhage that occurs from one or more portions of the ...
Simple, quick, and easy methods can be included in your diet or exercise routine, which can help ...View All