While most cannabis investors, entrepreneurs, and enthusiasts continue to focus primarily on the growth potential for cannabis growing and cultivation, there may be an even bigger winner that is being overlooked: cannabis technology.
Cannabis technology is a wide-ranging topic that covers everything from greenhouse construction, product delivery and cultivation lighting to digital cannabis directories, consulting, and news. Without cannabis technology, businesses would have a much more difficult time with efficiently producing and selling the product.
Major Cannabis Sales Growth Estimates Means Huge Gains For Technology
Cannabis sales estimates are showing major growth, as more U.S. states are likely to continue legalizing and decriminalizing marijuana use. According to New Frontier Data and Viridian Capital Advisors, legal sales of cannabis are estimated to reach $24.1 billion in 2025, compared to $6.6 billion in 2016.
Technology already has infiltrated nearly every aspect of our lives and the cannabis industry is no different. In fact, cannabis companies will likely continue to turn to technology to help them beat out competitors and stand out in an increasingly crowded market. As we look back on the cannabis movement, the long-term industry leaders will no doubt be companies that heavily relied on emerging technology in order to distinguish themselves.
Bayport International Looking to Expand Cannabis Tech Holdings, Currently Evaluating Several Potential Acquisition Targets
On September 27, 2017, Bayport International Holdings, Inc. announced it is actively looking into cannabis technology acquisition targets and even evaluating multiple potential deals. Currently, the company's main cannabis technology holding is Weedwiser.com, a next-generation international cannabis directory. Weedwiser will offer a wide range of features, such as cannabis-related news, events, industry job listings, medical/recreational cannabis companies, and more.
While Weedwiser is still in beta, the final version is said to be "a more expansive and diverse version of WeedMaps, which is a popular cannabis delivery and dispensary directory." Furthermore, Bayport International will continue to build additional services based off the Weedwiser platform over the long-term, as well as developing any further cannabis technology acquisitions that are taken over.
For the full report on Bayport International Holdings, Inc. and Weedwiser, please visit: http://spotlightgrowth.com/index.php/2017/09/28/bayport-international-holdings-inc-otc-pink-bayp-emerging-powerhouse-cannabis-technology-industry/
For more information on Bayport International Holdings, Inc., please visit http://bayportholdings.com and http://www.weedwiser.com.
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