April 19, 2017 (Investorideas.com Newswire) Cannabis stock news for 4/20 – www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks, ; SinglePoint Inc. (OTC:SING), an acquisition based company focused in the cannabis space. Most recently SinglePoint acquired a stake in Convectium, a profitable company supplying hardware solutions to thef 2017 will feature a maximum of 420 companies to be showcased for a year. Investorideas.com will create a free downloadable PDF of the full directory for investors to use as a reference and due diligence tool.
SinglePoint’s(OTC: SING) flagship product is a best-in-class mobile commerce and communications platform that enables dispensaries to market to consumers through SMS messaging and accept electronic payments. By building a network of dispensaries leveraging its SMS marketing technology, the company is positioning itself to take advantage of a vast opportunity in the payments space when federal guidelines surrounding cannabis banking are finalized. The company is focused on providing business solutions to the enterprises rather than cultivation and consumers. In a market that is so heavily regulated by the government SinglePoint’s hands-off approach offers investors an opportunity to diversify their portfolio.
SinglePoint (OTC: SING) recently revamped their corporate website, aimed at providing investors easier access and transparency to the company’s initiatives. While this site will be corporate focused, SinglePoint will continue to offer solutions to the cannabis industry through its subsidiary SingleSeed.com.
New Frontier Data (also featured on the 420 Cannabis Investor Ideas Directory), the authority in business intelligence for the cannabis industry, forecasts the legal cannabis market to grow to $24.1 billion by 2025 with a compound annual growth rate (CAGR) of 16%.
Their Cannabis Industry Annual Report “2017 Legal Marijuana Outlook”, also found that if all the states which are currently legal continue their projected growth, they could generate $2.3 billion in state tax revenue from retail sales by 2020 and the U.S. Cannabis Market will Create 283,422 Jobs by 2020.
With all this money at stake its growth opportunity has been compared to the beginnings of the internet. But with all the opportunity comes the risk as well. The directory is meant to be one of several tools investors can use as a go-to resource to navigate the sector.
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