CannabisNewsWire Editorial Coverage: The cannabis market in the U.S. and worldwide continues to grow, but that doesn’t mean everyone is open to the idea of legal marijuana. The banking industry is one example, as the Federal Deposit Insurance Corporation (FDIC) has generally been unsupportive of backing cannabis-related investments. Since marijuana hasn’t been legalized at the … Continue reading “Digital Currency Headed for Widespread Acceptance, Has Potential as Cure for Banking Concerns among Cannabis Companies”
Though some form of cannabis is now legal in 29 states and the District of Columbia, a lack of banking options for cannabis businesses in the United States continues to force marijuana merchants to rely solely on cash transactions. This inhibition has been a major obstacle for dispensaries and other cannabis-related businesses, but the use … Continue reading “Bitcoin Currency Could Solve Banking Issues for Cannabis Industry”
As the marijuana industry continues its brisk forward march — with cannabis now legalized in some form in 29 states as well as the District of Columbia — cannabis dispensaries and other businesses are still faced with the challenge of having no banking options currently available to them, which forces them to conduct cash transactions … Continue reading “SinglePoint’s (SING) Bitcoin Solution Could Solve Cannabis Industry’s Banking Problems”
Specialized holding company SinglePoint, Inc. (OTC: SING) this morning announced an initiative to develop a bitcoin payments solution in partnership with First Bitcoin Capital Corp. (OTC: BITCF), an industry-leading bitcoin and blockchain technology provider. Per the news release, the two companies have signed a joint venture agreement to develop and distribute a viable payments solution … Continue reading “CannabisNewsBreaks – SinglePoint, Inc. (SING) Teams with First Bitcoin Capital (BITCF) to Develop Bitcoin Payments Solution”
One of the fastest growing industries in the United States in recent years, the legal marijuana market remains a highly attractive prospect for both entrepreneurs and investors, despite facing uncertain times as a consequence of the new administration’s position on cannabis use. Investors are actually expected to increase their investments this year, determined to push … Continue reading “SinglePoint, Inc. (SING) Expands Marijuana Market Reach as Investors Plan for Increased Participation”
Now that 29 states and the District of Columbia have legalized medical or recreational marijuana, or are on the way to doing so, the buzz in the industry is being supported with hard data. A new comprehensive report from Marijuana Business Daily (MBD) is replete with figures, charts, projections and analyses that support the upbeat … Continue reading “SinglePoint, Inc. (SING) Provides Payment Infrastructure to Marijuana Retailers as Cannabis Sales Hit $1B in Colorado”
Specialized holding company SinglePoint, Inc. (OTC: SING) this morning announced the completion of its acquisition of Discount Indoor Garden Supply (“DIGS”). Under the terms of the agreement, SinglePoint has acquired a 90 percent stake in DIGS through a stock and cash transaction, further demonstrating the company’s ability to strategically expand its portfolio of investments in … Continue reading “CannabisNewsBreaks – SinglePoint, Inc. (SING) Completes Acquisition of Discount Indoor Garden Supply”
CannabisNewsWire Editorial Coverage: The marijuana industry continues to evolve at a breakneck pace in the United States, and an increasing number of businesses are finding their niche in this rampant market as it burns toward nationwide legalization. In the wake of this evolution, various new types of businesses are emerging to provide the consumer and … Continue reading “Evolution of Marijuana Industry Creates Wealth of Opportunity for Companies with Foresight and Action”
Specialized holding company SinglePoint, Inc. (OTC: SING) this morning announced its entry into a Letter of Intent with Discount Indoor Garden Supply (“DIGS”). Per the terms of the LOI, SinglePoint will acquire 90 percent of DIGS in a stock and cash transaction. The company anticipates that the acquisition will bring immediate revenues to SinglePoint while … Continue reading “CannabisNewsBreaks – SinglePoint, Inc. (SING) Enters Letter of Intent to Acquire Stake in Discount Indoor Garden Supply”
While some investors still view the marijuana market as a new industry, the mammoth potential of the cannabis industry — both in the United States and worldwide — cannot be discounted. While marijuana has not yet been legalized in the U.S. at the federal level, 29 states as well as the District of Columbia have, … Continue reading “SinglePoint (SING) Diversification Strategy Sets Stage for Big Rewards When Cannabis Industry Becomes Bankable”
