As the cannabis industry continues its rapid growth, its overall impact on other industry sectors is also dramatically increasing. There are 11 different sectors currently directly associated with the cannabis industry or play a supporting role, according to the Marijuana Index. While quite a few prominent companies focus on the cultivation, biotechnological product development and marketing of cannabis and hemp products, others engage in the support side of the industry. A great example is Global Payout, Inc. (GOHE) (GOHE Profile), which provides customized payment solutions to optimize global financial transactions. The company’s cannabis endeavors are undertaken by its MoneyTrac subsidiary, which offers solutions designed to overcome payment logistical problems and security threats in the cannabis industry. Among other cannabis-related activities, MoneyTrac is also collaborating with PotSaver brand, a supplier of medical cannabis listings. MoneyTrac’s solutions could prove beneficial for other companies establishing roots in the cannabis industry, including Medical Marijuana, Inc. (MJNA), mCig, Inc. (MCIG), Solis Tek, Inc. (SLTK), and Freedom Leaf, Inc. (FRLF).
Company: Global Payout, Inc. (GOHE)
December 27, 2017