- 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 and Michigan, the ballot measures will determine the legal future of recreational cannabis. In Missouri and Utah, the propositions will be about medical marijuana. Yet, the demand dam is still filled with the millions living in the 19 states that, in the future, may make medical marijuana legal and the 39 others that could legalize cannabis for general adult use, as well. When the dam bursts, DVLP looks set to benefit further.
The company is operating an online retail business that markets and distributes cannabidiol (CBD), hemp oil and health and lifestyle products. Through the ecommerce portal set up by wholly owned subsidiary Pura Vida Vitamins (www.PuraVidaVitamins.com), and through wholesale and distribution channels, DVLP offers a broad range of high-quality, price-competitive products, including traditional vitamins, supplements and CBD-based tinctures, vapes and soft gels, as well as other products. The company is also planning a line of CBD pet supplements.
DVLP recently acquired Layer Six Media, LLC, which trades under the name, Where’s Weed (www.WheresWeed.com). Where’s Weed provides a directory of cannabis establishments in 49 states, Puerto Rico and Washington, DC. There is no listing for Mississippi, where neither medical nor recreational cannabis use is legally permitted. The site offers the rapidly growing body of cannabis consumers a way to connect to trusted marijuana businesses in their communities. Access to Where’s Weed is available through a sophisticated mobile app, which is offered on both the iOS and Android platforms. To date, the app has been downloaded over 80,000 times. The Where’s Weed site enjoys wide exposure, with page views currently running at three million per month.
More from 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 SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.networknewswire.com