Strong Technical Interface Making Cannabis Industry More Profitable and Efficient
March 08 2017 - 7:30AM
InvestorWire
New York, New York (NetworkNewsWire) – Any fast-growing business
needs an operational framework to help it develop and better serve
its customers, and the marijuana industry is no different. As the
legal cannabis market continues its impressive expansion, a growing
number of companies are emerging to form a legal support framework
of related technology and ancillary services that are driving the
industry toward an efficient and profitable structure. Companies
such as SinglePoint, Inc. (SING) (SING
Profile), MassRoots, Inc. (MSRT), mCig. Inc. (MCIG), Rocky
Mountain High Brands, Inc. (RMHB) and Innovative
Industrial Properties, Inc. (IIPR) are branching out into
different segments of the industry, determined to make the most of
one of America’s fastest growing markets.
SinglePoint
(SING) is an ancillary service provider that does
not directly touch the cannabis plant. Based in Nevada,
SinglePoint has been involved with the legal marijuana market for a
while, and, as the market showed signs of exponential growth, the
company has taken a more active role. As a direct result of last
year’s election, which made marijuana legal in a greater number of
states, SinglePoint reactivated its SingleSeed
Payments subsidiary, with the goal of providing legal cannabis
business operators with much-needed non-cash payment processing and
mobile marketing tools.
SinglePoint
(SING) is also interested in expanding its reach in
the market, as confirmed by its recent Letter of Intent to acquire
a stake in Convectium. The acquisition will give SING access to a
unique, proprietary machine that has the potential to drive the
industrialization of cannabis production nationwide. With an
impressive capacity to fill more than 100 disposable cartridges or
vape pens in as little as 30 seconds, the system can have a
significant impact on the industry as a whole by making the
cannabis production process easier, more efficient, and,
ultimately, more profitable.
Operating one of the largest technology platforms for the legal
cannabis industry, MassRoots (MSRT) has created a
complex mobile network that allows medical cannabis users to make
informed purchasing decisions based on product reviews, as well as
connect with other users and the marijuana legalization movement.
The network is available via free iOS and Android mobile apps, as
well as the MassRoots website. With affiliations with leading
market players such as the National Cannabis Industry
Association and ArcView Group, MassRoots also
operates a free portal that allows specialized dispensaries to
access market analytics, gain insight into customer preferences,
and more. The company is based in Denver, Colorado – one of the few
states that allows both medical and recreational marijuana use.
While MassRoots is focused on the software side of the business,
Nevada-based mCig (MCIG) is more involved with the
actual cultivation process, via its Grow Contractors division.
Originally a manufacturer and distributor of vaporizers, electronic
cigarettes, and accessories, mCig has become a full-service
cannabis cultivation construction company that provides
state-of-the-art modular and commercial buildings to cannabis
growers, allowing them to significantly expand operations and
production. The company is also looking to expand its services and
competencies to further support the ancillary legal hemp, cannabis
and cannabidiol markets.
One of the most active players in the hemp market, Dallas,
Texas-based Rocky Mountain High Brands (RMHB) is a
great example of a company that’s actively involved in the
manufacturing and distribution of its products. As a
fully-reporting consumer goods company, Rocky Mountain High Brands
specializes in the development, manufacture, distribution and
commercialization of hemp- and cannabidiol-infused food and
beverages. Its product line includes hemp-infused edibles such as
energy and protein bars, but mostly naturally flavored hemp-based
beverages such as black tea, lemonade and energy drinks.
Innovative Industrial Properties (IIPR)’s
approach to the cannabis industry is to acquire specialized
industrial real estate assets used for growing medical-use
cannabis. IIPR’s leases are long-term, triple-net arrangements in
which tenants pay taxes, maintenance, insurance and structural
repairs, in addition to base rent. In December 2016, IIPR closed on
its first sale-leaseback transaction by acquiring from PharmaCann
LLC a 127,000-square-foot medical-use cannabis cultivation and
processing facility in New York. PharmaCann is now leasing the
property from IIPR and, in a press release, said the arrangement
frees up capital needed for expansion.
Despite legal concerns owing to the fact that marijuana is still
considered an illegal substance by the U.S. federal government,
even though it is allowed in 28 states, a strong technical
interface is being built around the cannabis business. Ranging from
software solutions and service providers that do not actually touch
the cannabis plant, to actual machinery and manufacturing platforms
such as Convectium’s innovative oil filling machine for disposable
vape pens and cartridges, this interface is expanding as fast as
the actual market it serves and pushing cannabis production – and
cannabis businesses – to new heights.
For more information on Singlepoint, Inc. (SING) please visit:
Singlepoint,
Inc. (SING)
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