- Global acceptance of cannabis and related CBD products continues to increase
- Worldwide legal cannabis market projected to reach $146 billion by end of 2025
- Consumer demand for CBD products expected to explode with U.S. legalization of hemp
- New software division, Greener Grows, joins Where’s Weed and upcoming Where’s CBD
As an emerging leader in ancillary software and the cannabidiol (CBD) products marketplace, Golden Developing Solutions, Inc. (OTC: DVLP) provides business services and/or products supporting the cannabis industry, including an online retail business for CBD, hemp oil and health/wellness-related products. The company recently launched its new software division, called ‘Greener Grows’, at MJBizCon 2018 in Las Vegas, the nation’s largest cannabis trade show that, in November, attracted over 1,000 participants and exhibitors (http://nnw.fm/WdlG7).
Golden Developing Solutions CEO Stavros Triant said in a news release that the Greener Grows platform will provide valuable information to cannabis growers and producers through an online sharing experience (http://nnw.fm/w9zAf). Among the values underpinning Greener Grows is a desire to help others in the cannabis industry find the greenest, most cost effective and most environmentally friendly improvements to cannabis cultivation, according to the GreenerGrows website (http://nnw.fm/Ad9dk). Golden Developing has “created the ultimate industry tool for businesses to anonymously share their metrics and compare with others” that will help companies visualize how costs and yields could change based on adjustments to infrastructure and a focus on sustainability, environmentalism and security.
Progressive entrepreneurs are often at the helm of cannabis companies and related support services, bringing a sense of responsibility to the environment to their business ventures, according to an article in Forbes (http://nnw.fm/BZHv0). A full 70 percent of millennials will pay more (http://nnw.fm/kmd3I) for products made sustainably, while 83 percent consider a product’s environmental or social impact before making a purchase, the article states. GreenerGrows.com provides an important resource for the cannabis industry, stating that those in the cannabis space have a duty to be as environmentally friendly as possible.
Golden Developing is also expanding its hemp and CBD strategy with the launch of a new products portal, www.WheresCBD.com. The new site will aggregate nationwide CBD products for consumers searching for high-end hemp oil and CBD isolates and mirrors DVLP’s popular www.WheresWeed.com website and cannabis services hub. The Where’s Weed mobile app is available for both Android and iOS devices and has been downloaded more than 80,000 times to date.
“Where’s Weed has been a home run for us since we made the move and acquired the leading cannabis and hemp community hub several months ago,” Triant stated in a news release (http://nnw.fm/L2s7x). “We outlined our strategy to invest in cannabis and hemp related services because we believed it was a tremendously undervalued space in terms of online real estate. The development of WheresCBD.com is a natural step in the same direction. Naturally, the signing of the 2018 Farm Bill will only serve to further bolster that momentum. Look for the launch to hit next quarter.”
The global legal cannabis market is expected to reach $146.4 billion by the end of 2025, according to a report by Grand View Research, Inc. (http://nnw.fm/pr5KS). In the U.S. alone, the legal cannabis sector is expected to grow at a compound annual growth rate of nearly 25 percent from 2017 to 2025, with advances in new product development expected to enhance product adoption among consumers.
For more information, visit the company’s website at www.GoldenDeveloping.com
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