Singlepoint’s Low-Risk Approach to the Cannabis Industry


Ryan Allway

March 2nd, 2017

News, Top News


The cannabis industry is expected to surpass $20 billion over the coming years, but investors face many risks when it comes to politics and regulation. While diversification helps address some of these concerns, investors may also want to consider companies that aren’t involved in touching the drug itself, which could insulate them from these risks. The good news is that there are a handful of companies taking this type of low-risk approach for investors to consider.

In this article, we will take a closer look at Singlepoint Inc. (OTC Pink: SING) and its unique low-risk approach to the cannabis industry.

Cannabis Industry Challenges

The cannabis industry could be worth upwards of $24 billion by 2025, according to New Frontier Data, which noted that external factors like federal rescheduling or a full-scale crackdown could shake up the near-term. The analyst projects that medical marijuana will account for roughly half of the market, while recreational marijuana will become the fastest-growing segment if the Trump administration doesn’t crack down on state-approved programs.

These ‘external factors’ that New Frontier Data references underscore the big risks that the industry may face over the coming months and years. For example, White House Press Secretary Sean Spicer recently indicated that the Justice Department would step up enforcement of federal laws against recreational marijuana. Crackdowns on recreational marijuana could hurt many companies operating in the space. In the same comments, he took care to mention the administration’s support for medical marijuana, drawing a major distinction between the two and noting how medical uses could help those in need.

The federal government has also been hesitant to reclassify marijuana from a Schedule I Controlled Substance with ‘no medical benefits’ alongside hard drugs like heroin or open up banking access to simplify consumer transactions. There are no indications that these moves are on the horizon to this point, though Mr. Spicer’s comments regarding the benefits of medical marijuana are certainly a positive for the industry.

Taking a Low-Risk Approach

Singlepoint has stepped in to address some of these industry challenges with its own solutions in a way that doesn’t involve touching the drug at all. In particular, the company has focused most of its efforts on developing marketing programs, payment solutions, and innovative products targeting the medical marijuana sector. This approach differentiates it from other companies in the space that have greater risk by handling the drug itself.

In January 2014, the company began developing mobile payment systems branded for the cannabis industry along with text message marketing services for dispensaries. The technology enables cannabis companies to avoid cash transactions that entail security risk and make accounting more difficult, while effectively marketing to existing and potential customers through their mobile devices when they’re most engaged.

More recently, the company signed a letter of intent to acquire an interest in Jacksam Corp., dba Convectium, a profitable California-based provider of equipment, branding, and packaging solutions for the cannabis industry. Convectium is the creator of the world’s first oil filling machine focused in the cannabis industry that is capable of filling cartridges or disposable vape pens for wholesale distribution to dispensaries.

Looking Ahead

Singlepoint Inc. (OTC Pink: SING) offers investors low-risk exposure to the $24 billion cannabis industry through its payments, marketing, and wholesale technology products. The company is currently looking into other acquisitions and investments as well. Investors may want to take a closer look at the stock given its modest market capitalization and significant long-term potential.

For more information, visit the company’s website at www.singlepoint.com or visit CannabisFN’s company profile.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

Ryan Allway

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.


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