CannabisNewsWire
Editorial Coverage: Cannabis and blockchain were all the buzz
in 2017 and investor trading in these stocks was heavy going into
the close of the year. This helped significantly push up TD
Ameritrade’s quarterly profit and boost daily average trades to
726,000 for the quarter ending December 30, 2017 — an increase of
49 percent from the previous year (http://cnw.fm/i5DkN). With this market frenzy spilling
over into 2018, companies like Global Payout, Inc. (OTC:
GOHE) (GOHE
Profile) are in position to profit with
fingers strategically in both pies, applying their expertise in
both the cannabis and blockchain markets. Such companies poised to
enjoy broader growth in the industries include Terra Tech
Corp. (OTCQX: TRTC), mCig, Inc. (OTCQB:
MCIG), Surna, Inc. (OTCQB: SRNA) and
MPX Bioceutical Corp. (CSE: MPX) (OTC: MPXEF).
Rising Star
It is no secret that the cannabis market is on fire, fueled in
part by Canada’s anticipated legalization of recreational
marijuana, increasing public acceptance and industry innovations
that keep investors interested in new developments.
Another event that helped shine a spotlight on marijuana stocks
was the debut of ETFMG Alternative
Harvest ETF, a first-of-its-kind, U.S.-listed exchange-traded
fund that tracks the cannabis industry. While the trading period is
usually slow between Christmas and New Year’s, this launch
generated big buzz in the marijuana sector during that typically
sluggish period.
The North American
Marijuana Index has seen growth during the recent quarter, as
well, with the addition of seven new cannabis companies to the
Canadian Marijuana Index. This brings the total number of
constituents on the index to 39.
Market Multitasking
Simultaneous endeavors in two red-hot market sectors—marijuana
and blockchain, in this case—has proven a good strategy for
Global Payout,
Inc. (GOHE). This leading worldwide pre-payment solutions
provider is successfully applying its core fintech capabilities in
serving the cannabis industry, as well as offering cutting-edge
blockchain technology solutions for a variety of other market
sectors.
Decentralized Cannabis Payment System
Global Payout’s majority-owned MoneyTrac Technology, Inc.
(“MTRAC”) subsidiary offers a wide array of services to help
businesses in high-risk industries (notably cannabis enterprises)
efficiently and effectively manage their operations. MTRAC’s
technology equips business owners with the tools they need to meet
compliance regulations, improve electronic payment processing and,
in general, create an operational structure that will boost
growth.
Global Payout kicked-off 2018 with the announcement (http://cnw.fm/cQ2yC) that its MTRAC subsidiary is
moving forward with the co-launch of its regulation-compliant token
offering, the M-Token, which is on track to be launched during the
first quarter of this year. This has been made possible through
various key strategic partnerships. The token is aimed at providing
cannabis businesses with an effective decentralized payment
system.
"MoneyTrac's primary objective has been, and will continue to
be, to serve the legitimate and profitable businesses of the
cannabis industry by effectively addressing the financial
technology and banking challenges they are faced with. Right now,
one of the biggest and most daunting challenges they face is having
to run their businesses strictly on cash,” MTRAC CEO Vanessa Luna
stated in the press release. “This is not only dangerous from a
theft perspective, but not practical in terms of basic financial
management solutions. Our regulatory-compliant Token Offering will
revolutionize how these businesses operate and help MTRAC further
its objectives for identifying various partnerships and cultivating
the relationships necessary to pave the way for alternative banking
solutions.”
Throughout the U.S. cannabis industry, a large number of
merchants continue to deal exclusively in cash transactions as
marijuana’s continued status as a federally illegal drug has made
cannabis vendors essentially “unbankable.” Dealing in cash is not
only inconvenient for marijuana merchants and users alike, but it
leaves cannabis businesses extremely vulnerable to theft, making a
decentralized payment system not only attractive but very
necessary.
The need for alternative cannabis payment solutions has been
further sharpened by recent news
that Attorney General Jeff Sessions has rescinded memos from the
Obama Administration that formerly protected cannabis cultivators,
users and vendors from federal prosecution in states where cannabis
has been legalized.
In developing the M-Token, MTRAC has worked with various
partners in the fintech and compliance sectors, including Pegasus
Fintech Inc., and continues to devote substantial time and
resources toward the requisite due diligence process to make sure
the M-Token meets all regulatory compliance requirements before it
is officially launched.
It is anticipated that the M-Token will effectively fill the
huge banking void for businesses in the multibillion-dollar
cannabis industry.
‘Banking the Unbankable’
In related efforts, MTRAC recently announced (http://cnw.fm/Wwa8P) its “Joint Venture Compliance,
Crypto-Commodity, iCloud and Strategic Partnership Agreement” with
Crypto Value Management System, LLC (CVMS), which has secured an
exclusive California license for a cryptocurrency exchange
platform. This platform is expected to enhance both MTRAC’s and
CVMS’s efforts to offer fintech solutions to businesses in the
cannabis industry and other alternative market sectors.
The secure, compliant blockchain technology developed by CVMS is
the most cutting-edge crypto-commodity exchange platform available.
In addition to aiding businesses that lack banking options, this
technology is intended to serve as the backbone for MTRAC’s token
exchange platform for the M-Token.
"Securing this JV Partnership Agreement with CVMS marks a huge
milestone for MoneyTrac and our continued pursuit of banking the
'un-bankable' within the cannabis industry,” Luna stated. “The
exclusive licenses CVMS has worked diligently to acquire in the
State of California are critical pieces to the foundation we are
developing for a token exchange platform that will become one of
the most valuable resources to businesses in an industry where
millions of dollars are exchanged in commerce every day."
PotSaver Publication
Global Payout’s MTRAC subsidiary is also collaborating with the
company’s PotSaver brand to launch PotSaver Biz, a publication developed
exclusively for cannabis businesses. PotSaver Biz is aimed at
becoming a premier networking platform for companies operating
within the cannabis space, including businesses that offer
ancillary services to the cannabis market.
The publication will give cannabis-related business owners an
effective platform through which to market their products and
services to one another.
Throughout PotSaver Biz, thousands of cannabis-related
businesses and brands will be able to enhance their market presence
through a paid listing in the publication. The publication will
also serve as an additional revenue stream for MTRAC.
Cannabis Peers
Other standout players on the move to capitalize in the cannabis
market with diverse offerings include companies like Terra
Tech (TRTC).
Terra Tech is a vertically integrated, cannabis-focused
agriculture company that operates through multiple subsidiary
businesses, including Blüm, IVXX Inc., Edible Garden and MediFarm
LLC. These subsidiaries offer an array of products and services,
ranging from high-quality medical marijuana and adult-use cannabis
products to medical cannabis permit application and procurement
services.
Terra Tech recently received State of California Temporary
Authorization to begin adult-use cannabis sales in that state.
Innovative biotech company mCig (MCIG) is fully
diversified across multiple areas of the cannabis industry, ranging
from construction and cultivation to production packaging, media
and investments. The company is focused particularly on hemp,
cannabinoid R&D, nutraceuticals and pharmaceuticals and is also
a leading distributor of innovative products, customized packaging
solutions, technologies and services for the worldwide medical
marijuana industry. Among its endeavors, mCig recently announced
plans to launch an advanced hemp CBD-based formula for domestic
pets.
Boulder, Colorado-based Surna (SRNA) provides
ancillary services to cannabis businesses, manufacturing a
proprietary line of premium lighting, environmental control and air
sanitation systems designed to serve both state-regulated cannabis
cultivation facilities and traditional indoor agricultural
facilities. The company’s aim is to provide smart solutions that
can enhance the quality, control and overall yield and efficiency
of controlled-environment agriculture.
MPX Bioceutical (MPXEF) is an Ontario
corporation that offers services in the United States and Canada.
Through its U.S.-based wholly owned subsidiaries, MPX provides
significant management, staffing, procurement, advisory, financial,
real estate rental, logistics and administrative services to two
medical marijuana enterprises in Arizona. The company also recently
acquired the award-winning GreenMart of Nevada NLV, LLC, which is a
licensed cultivation, production and wholesale business serving
both the medical and recreational cannabis markets in Nevada. MPX
further owns cannabis assets in Massachusetts and Maryland and also
leases a property in Ontario, Canada, for which it has submitted an
application to Health Canada for a cannabis production and sales
license.
For more information about Global Payout, visit Global Payment,
Inc. (GOHE).
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