Specialized holding company SinglePoint, Inc. (OTCQB: SING) this morning announced the latest developments related to its cannabis payment solutions platform alongside a flurry of cannabis-related news released by members of various political parties over the past week. As noted in the update, SinglePoint has been aggressively seeking opportunities in the cannabis market since 2014, and the company recently integrated a standalone point of sale terminal designed to give merchants the ability to accept bitcoin as a payment option. This sustained push to streamline payment processes within the cannabis industry complements recent efforts by political leaders seeking cannabis reform. Among the politicians who are now on the side of cannabis industry reform are Former Speaker of the House Rep. John Boehner (R-OH), Senate Minority Leader Chuck Schumer (D-NY) and Sen. Bernie Sanders (I-VT). “This is exactly what we have been waiting for and what the industry needs,” Greg Lambrecht, founder and CEO of SinglePoint, stated in the news release. “As we continue to develop solutions to help ease the banking issues, we welcome new regulations that may make that easier such as de-scheduling the plant and allowing banks to work with these businesses.”
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About SinglePoint, Inc.
SinglePoint, Inc. (SING) is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. For more information, visit the company’s website at www.SinglePoint.com
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