Search Results for: Singlepoint

Any fast-growing business needs an operational framework to help it develop and better serve its customers, and the marijuana industry is no different. As the legal cannabis market continues its impressive expansion, a growing number of companies are emerging to form a legal support framework of related technology and ancillary services that are driving the … Continue reading “Strong Technical Interface Making Cannabis Industry More Profitable and Efficient”

The White House struck a chord with the marijuana industry last week when press secretary Sean Spicer said the Department of Justice is likely to enforce federal marijuana laws in states that have legalized recreational pot. While the prevailing mood is disappointment among the broader marijuana/cannabis industry, reactions and impacts are mixed among businesses like … Continue reading ““Greater Enforcement” of Federal Laws would have Mixed Impact in Cannabis Industry”

The cannabis industry is heating up. More than half of the 50 states in the U.S. have now legalized marijuana for medicinal or recreational use, and several countries, including Brazil, Canada, Jamaica, Mexico, Paraguay, Portugal, Uruguay and the Netherlands, have also taken steps to legalize or decriminalize cannabis in the last two years. As a … Continue reading “The Tangential Opportunities of the Cannabis Industry”

The global marijuana industry continues to develop at an impressive pace, driven by new developments in the field of cannabis-based pharmaceutics as well as the legalization of both medicinal and recreational use in a growing number of states. As a result, M&A activity in the market is heading toward exponential growth as well. Acquisitions help … Continue reading “Marijuana Industry Acquisitions on the Rise as Companies to Diversify Portfolios, Increase Revenue Streams”

In a move that will certainly have an effect on both domestic and foreign cannabis companies such as Singlepoint Inc. (SING) (SING Profile), Rocky Mountain High (RMHB), mCig, Inc. (MCIG), General Cannabis Corp. (CANN) and Cannabics Pharmaceuticals, Inc. (CNBX), Israel is reportedly making strides toward allowing the export of medical marijuana, according to Reuters (1). … Continue reading “Israeli Innovation is at the Heart of a Growing Cannabis Ecosystem”

For the marijuana industry, 2016 was a successful year by any standards, reaching an estimated $7 billion in transactions and bringing the total number of states to legalize marijuana for medical and/or recreational purposes to 28. However, deemed America’s fastest growing industry in recent years, the market still has some major obstacles to overcome in … Continue reading “Marijuana Industry Pushing Toward Federal Acceptance, Expanded Research in 2017”

The election of 2016 will forever mark a historic moment for the cannabis industry, reflecting growing acceptance – and legalization – of cannabis for medical and recreational use. The progression of this market, expected to grow to $50 billion in the next 10 years, has awakened a new era of business opportunities for companies like … Continue reading “Cannabis Industry Sees Cautionary Optimism amid Trump Administration Uncertainty”

Although 28 states have already legalized marijuana for medicinal or recreational use, the U.S. Drug Enforcement Administration (DEA) continues to label marijuana a Schedule 1 substance, along with heroin and LSD, making it illegal on a federal level. As a result, the banking industry has been slow to provide services to marijuana businesses, forcing many … Continue reading “Mounting Support for Marijuana Banking Has Widespread Implications”

Last month, a letter signed by 10 U.S. senators arrived on the desk of Jamal El-Hindi, the acting director of the Financial Crimes Enforcement Network (FinCEN), requesting guidance on how banking services might be offered to “indirect businesses” – such as SinglePoint, Inc. (OTC: SING), Medical Marijuana, Inc. (OTC: MJNA) and Cannabis Science, Inc. (OTC: … Continue reading “Senate Banking Committee Could Pave the Way to a Bankable Marijuana Industry”