Net Element, Inc. (NASDAQ: NETE) Payments Platform Targets Retail Sector as Cannabis Enters Mainstream

October 31, 2018 14:14:44
  • Cannabis enters the mainstream as California and Canada legalize adult use
  • Cannabis retail sector flourishes to satisfy demand
  • Bespoke payment platform provides compliant payment processing to cannabis retailers

Now that Canada, Uruguay, the District of Columbia and nine U.S. states have legalized cannabis for recreational use, if cannabis still cannot be considered to be in the mainstream, there is no doubt that it soon will be. Apart from the jurisdictions that allow adult use in 30 countries around the world, medical marijuana is legally available. This is in addition to the 30 U.S. states and DC that have laws permitting the use of cannabis for medicinal purposes. These legal developments have, naturally, given rise to a flourishing cannabis retail sector, which Net Element, Inc. (NASDAQ: NETE) is supporting with novel payments infrastructure. The global fintech provider has launched a secure and compliant payment-processing platform aimed at the legal cannabis industry (

Products containing cannabinoids, particularly cannabidiol (CBD), which is not usually subject to the same restrictions as delta-9-tetrahydrocannabinol (THC), are now increasingly found in retail outlets other than pot shops or cannabis dispensaries. Availability has spread to natural food stores, beauty salons, cafes and doctors’ offices. Many of these establishments may encounter difficulties because…

Read More>>

More from NetworkNewsWire

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information, please visit

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published:

NetworkNewsWire (NNW)
New York, New York
212.418.1217 Office