- Retail cannabis ecommerce traffic on the rise
- Four more states have cannabis on November 2018 ballot
- Branded Pura Vida products include CBD-based tinctures, soft gels and vapes
Texas-based Golden Developing Solutions, Inc. (OTC: DVLP) is heading for a win-win situation as the tide of cannabis approval swells. Demand for cannabis is climbing as consumers flock to market; as a result of which, traffic to online pot shops, like the one operated by DVLP, is increasing. Presently, excess demand is driving traffic. As the market matures, that is likely to change. Supply will undoubtedly increase and prices may fall, which is also good for DVLP, since lower prices increase quantity demanded. Regardless of market conditions in the near future, DVLP seems headed for a win-win situation.
On October 17, 2018, Canada became the second country in the world to legalize cannabis for recreational use. Uruguay was the first, in 2013. In addition, presently, the District of Columbia and nine U.S. states – Alaska, California, Colorado, Maine, Massachusetts, Nevada, Oregon, Vermont and Washington – have legalized recreational marijuana. Four more states – North Dakota, Michigan, Missouri and Utah – will give voters a chance, on November 6, 2018, to further legalize cannabis. In North Dakota…
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