Net Element, Inc. (NASDAQ: NETE) Launches Fully Compliant Cannabis Industry Payment Solution, Company Stock Skyrockets

October 24, 2018 10:42:48
  • Net Element stock skyrocketed after the company announced the launch of a fully compliant payment solution for the legal cannabis industry
  • Shares grew 63 percent, with volume eventually increasing to 9.5 million shares from previous full-day averages of 81,000 shares
  • The payment solution enables entry into a lucrative field that’s forecast to grow beyond $22 billion by 2022

On October 22, global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) announced the launch of a fully-compliant payment solution for the legal cannabis industry. The payment processing solution is designed to provide a smooth transaction between merchants and consumers as the popularity of cannabidiol-based products grows (

Shortly after the company announced the launch of the payment solution through subsidiary Unified Payments, Net Element shares rocketed 63 percent, with volume growing to 9.5 million shares in comparison to the…

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