Cannabis Businesses Implement the Latest Tech to Stay Ahead of the Curve – PRNewswire

NEW YORK, Aug. 22, 2019 /PRNewswire/ — People around the world have had to adapt to the digital age as technology continues to play an important role in our society. Additionally, it has become apparent that businesses need to implement certain forms of technology to thrive among the competition. For instance, digital payment solutions are one of the most talked-about pieces of technology as they allow customers to pay for products in a whole new way. Specifically, many payment providers are solely focused on developing state-of-the-art solutions as the widespread use of payment solutions has tapped into various markets such as finance, retail, and medical. Notably, the digital payments market has also been integrated into the cannabis industry. Following the spur of legalization efforts, many legal channels have been emerging such as dispensaries, cultivators, and distributors to rival those previously found via the black market. In particular, many legal dispensaries have implemented a digital payment system to speed up the payment process. Furthermore, payment processes have also been implemented into seed-to-sale technologies, which monitor and verify the process from when the plant is initially planted to when it is sold to the customer. Lastly, the introduction of digital payment solutions has also created online portals where customers can purchase products at the comfort of their homes. As a result, technological advancements are expected to accelerate the growth of the industry by attracting new customers by providing them with complete background information regarding the product they wish to purchase. And according to data compiled by Verified Market Research, the global marijuana market was valued at USD 42.20 Billion in 2016. By 2025, the market is expected to reach USD 466.81 Billion while registering a CAGR of 35.3% from 2018 to 2025. Global Payout, Inc. (OTC: GOHE), Planet 13 Holdings Inc. (OTC: PLNHF)

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