In March, Congress introduced legislation to regulate and tax marijuana, and to remove it from the federal Controlled Substances Act. SinglePoint, Inc. (OTC: SING) CEO Greg Lambrecht recently commented on how the proposed legislation could affect the company. SinglePoint has seen much revenue potential in the realm of legal cannabis, and hopes measures will be taken to streamline federal and state oversight of the market. Its interests go beyond investing. The congressional push should also help boost the value of its SingleSeed (www.SingleSeed.com) payments solutions for businesses in the cannabis industry. ‘For the near term, the best way the administration can help would be to issue guidelines on how the cannabis business can be successfully banked,” said Lambrecht.
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About SinglePoint, Inc.
SinglePoint, Inc. is a full-service mobile technology and marketing provider. The company provides solutions that allow its clients to conduct business transactions, accept donations, and engage in targeted communication through mobile devices. SinglePoint’s products connect small to mid-size companies to their target markets by providing innovative mobile technology at reasonable rates. Additionally, the company recognized the strength in acquiring interest in undervalued subsidiaries in other markets to create a diversified holding base. For more information visit www.SinglePoint.com.
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