Years of steady growth in the cannabis industry are expected to continue.
- Cannabis industry forecasts anticipate revenues of $146 billion by 2025.
- Individual U.S. states are already seeing cannabis sales exceed $1 billion in a year.
- The departure of Jeff Sessions and expected passage of the Farm Bill will bolster these profits.
- E-commerce is helping cannabidiol (CBD) products reach a growing market.
SinglePoint, Inc. (OTCQB: SING) (SING Profile) is showing how much technology can boost the industry, with support software and an online store. Terra Tech Corp. (OTCQX: TRTC) is also profiting from supporting producers, through the sale of hydroponic equipment. American Premium Water Corp. (OTC: HIPH) (HIPH Profile) is providing innovative cannabis-based products in the form of its CBD-infused water. The Alkaline Water Company Inc. (TSX.V: WTER) (OTCQB: WTER) has announced the formation of a beverage division that will offer a hemp-derived, CBD-infused product, while Level Brands, Inc. (NYSE American: LEVB) is partnering with a pharmaceutical and wellness company to provide CBD cream, spray, and edible products.
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About SinglePoint, Inc.
SinglePoint, Inc. is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry. For more information, visit the company’s website at www.SinglePoint.com
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