NetworkNewsWire Editorial Coverage: Within the exploding
legalized marijuana 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 profit within the blossoming marijuana market,
SinglePoint, Inc. (SING) (SING
Profile), First Bitcoin Capital Corp.
(BITCF), Kush Bottles, Inc. (KSHB),
Medical Marijuana, Inc. (MJNA) and Solis
Tek, Inc. (SLTK) offer diverse opportunities for savvy
investors interested in a marijuana-related play.
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 percent1. 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 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
(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
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
(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
(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 (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.
Editorial Sources:
(1) https://www.forbes.com/sites/debraborchardt/2017/01/03/marijuana-sales-totaled-6-7-billion-in-2016/#50de58a975e3
For more information on SinglePoint visit: Singlepoint
(SING) or www.SinglePoint.com
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