Fired-up Cannabis Players Ride Into 2018 on Year-end High

Wednesday, January 31, 2018 Drug News
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CannabisNewsWire, January 31, 2018 /PRNewswire/ --

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Cannabis and blockchain were all the

buzz in 2017 and investor trading in these stocks was heavy going into the close of the year. This helped significantly push up TD Ameritrade's quarterly profit and boost daily average trades to 726,000 for the quarter ending December
30, 2017
- an increase of 49 percent from the previous year ( With this market frenzy spilling over into 2018, companies like Global Payout, Inc. (OTC: GOHE) (GOHE Profile) are in position to profit with fingers strategically in both pies, applying their expertise in both the cannabis and blockchain markets. Such companies poised to enjoy broader growth in the industries include Terra Tech Corp. (OTC: TRTC), mCig, Inc. (OTC: MCIG), Surna, Inc. (OTC: SRNA) and MPX Bioceutical Corp. (CSE: MPX) (OTC: MPXEF). Rising Star It is no secret that the cannabis market is on fire, fueled in part by Canada's anticipated legalization of recreational marijuana, increasing public acceptance and industry innovations that keep investors interested in new developments. Another event that helped shine a spotlight on marijuana stocks was the debut of ETFMG Alternative Harvest ETF, a first-of-its-kind, U.S.-listed exchange-traded fund that tracks the cannabis industry. While the trading period is usually slow between Christmas and New Year's, this launch generated big buzz in the marijuana sector during that typically sluggish period. The North American Marijuana Index has seen growth during the recent quarter, as well, with the addition of seven new cannabis companies to the Canadian Marijuana Index. This brings the total number of constituents on the index to 39. Market Multitasking Simultaneous endeavors in two red-hot market sectors-marijuana and blockchain, in this case-has proven a good strategy for Global Payout, Inc. (OTC: GOHE). This leading worldwide pre-payment solutions provider is successfully applying its core fintech capabilities in serving the cannabis industry, as well as offering cutting-edge blockchain technology solutions for a variety of other market sectors. Decentralized Cannabis Payment System Global Payout's majority-owned MoneyTrac Technology, Inc. ("MTRAC") subsidiary offers a wide array of services to help businesses in high-risk industries (notably cannabis enterprises) efficiently and effectively manage their operations. MTRAC's technology equips business owners with the tools they need to meet compliance regulations, improve electronic payment processing and, in general, create an operational structure that will boost growth. Global Payout kicked-off 2018 with the announcement ( that its MTRAC subsidiary is moving forward with the co-launch of its regulation-compliant token offering, the M-Token, which is on track to be launched during the first quarter of this year. This has been made possible through various key strategic partnerships. The token is aimed at providing cannabis businesses with an effective decentralized payment system. "MoneyTrac's primary objective has been, and will continue to be, to serve the legitimate and profitable businesses of the cannabis industry by effectively addressing the financial technology and banking challenges they are faced with. Right now, one of the biggest and most daunting challenges they face is having to run their businesses strictly on cash," MTRAC CEO Vanessa Luna stated in the press release. "This is not only dangerous from a theft perspective, but not practical in terms of basic financial management solutions. Our regulatory-compliant Token Offering will revolutionize how these businesses operate and help MTRAC further its objectives for identifying various partnerships and cultivating the relationships necessary to pave the way for alternative banking solutions." Throughout the U.S. cannabis industry, a large number of merchants continue to deal exclusively in cash transactions as marijuana's continued status as a federally illegal drug has made cannabis vendors essentially "unbankable." Dealing in cash is not only inconvenient for marijuana merchants and users alike, but it leaves cannabis businesses extremely vulnerable to theft, making a decentralized payment system not only attractive but very necessary. The need for alternative cannabis payment solutions has been further sharpened by recent news that Attorney General Jeff Sessions has rescinded memos from the Obama Administration that formerly protected cannabis cultivators, users and vendors from federal prosecution in states where cannabis has been legalized. In developing the M-Token, MTRAC has worked with various partners in the fintech and compliance sectors, including Pegasus Fintech Inc., and continues to devote substantial time and resources toward the requisite due diligence process to make sure the M-Token meets all regulatory compliance requirements before it is officially launched. It is anticipated that the M-Token will effectively fill the huge banking void for businesses in the multibillion-dollar cannabis industry. 'Banking the Unbankable' In related efforts, MTRAC recently announced ( its "Joint Venture Compliance, Crypto-Commodity, iCloud and Strategic Partnership Agreement" with Crypto Value Management System, LLC (CVMS), which has secured an exclusive California license for a cryptocurrency exchange platform. This platform is expected to enhance both MTRAC's and CVMS's efforts to offer fintech solutions to businesses in the cannabis industry and other alternative market sectors. The secure, compliant blockchain technology developed by CVMS is the most cutting-edge crypto-commodity exchange platform available. In addition to aiding businesses that lack banking options, this technology is intended to serve as the backbone for MTRAC's token exchange platform for the M-Token.

"Securing this JV Partnership Agreement with CVMS marks a huge milestone for MoneyTrac and our continued pursuit of banking the 'un-bankable' within the cannabis industry," Luna stated. "The exclusive licenses CVMS has worked diligently to acquire in the State of California are critical pieces to the foundation we are developing for a token exchange platform that will become one of the most valuable resources to businesses in an industry where millions of dollars are exchanged in commerce every day." PotSaver Publication Global Payout's MTRAC subsidiary is also collaborating with the company's PotSaver brand to launch PotSaver Biz, a publication developed exclusively for cannabis businesses. PotSaver Biz is aimed at becoming a premier networking platform for companies operating within the cannabis space, including businesses that offer ancillary services to the cannabis market. The publication will give cannabis-related business owners an effective platform through which to market their products and services to one another. Throughout PotSaver Biz, thousands of cannabis-related businesses and brands will be able to enhance their market presence through a paid listing in the publication. The publication will also serve as an additional revenue stream for MTRAC. Cannabis Peers Other standout players on the move to capitalize in the cannabis market with diverse offerings include companies like Terra Tech (OTCQX: TRTC). Terra Tech is a vertically integrated, cannabis-focused agriculture company that operates through multiple subsidiary businesses, including Blüm, IVXX Inc., Edible Garden and MediFarm LLC. These subsidiaries offer an array of products and services, ranging from high-quality medical marijuana and adult-use cannabis products to medical cannabis permit application and procurement services. Terra Tech recently received State of California Temporary Authorization to begin adult-use cannabis sales in that state. Innovative biotech company mCig (OTCQB: MCIG) is fully diversified across multiple areas of the cannabis industry, ranging from construction and cultivation to production packaging, media and investments. The company is focused particularly on hemp, cannabinoid R&D, nutraceuticals and pharmaceuticals and is also a leading distributor of innovative products, customized packaging solutions, technologies and services for the worldwide medical marijuana industry. Among its endeavors, mCig recently announced plans to launch an advanced hemp CBD-based formula for domestic pets. Boulder, Colorado-based Surna (OTCQB: SRNA) provides ancillary services to cannabis businesses, manufacturing a proprietary line of premium lighting, environmental control and air sanitation systems designed to serve both state-regulated cannabis cultivation facilities and traditional indoor agricultural facilities. The company's aim is to provide smart solutions that can enhance the quality, control and overall yield and efficiency of controlled-environment agriculture.

MPX Bioceutical (OTCQB: MPXEF) is an Ontario corporation that offers services in the United States and Canada. Through its U.S.-based wholly owned subsidiaries, MPX provides significant management, staffing, procurement, advisory, financial, real estate rental, logistics and administrative services to two medical marijuana enterprises in Arizona. The company also recently acquired the award-winning GreenMart of Nevada NLV, LLC, which is a licensed cultivation, production and wholesale business serving both the medical and recreational cannabis markets in Nevada. MPX further owns cannabis assets in Massachusetts and Maryland and also leases a property in Ontario, Canada, for which it has submitted an application to Health Canada for a cannabis production and sales license. For more information about Global Payout, visit Global Payment, Inc. (OTC: GOHE). About CannabisNewsWire CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW 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. CNW 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, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge. 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