Data Projects That the Potential Policy Change Could Spark the Cannabis Industry

NEW YORK, December 18, 2018 /PRNewswire/ --

A lot of countries are invested into the medical cannabis segment, but Canada's recent legalization of cannabis nationwide could cause a spark for the recreational segment. However, the industry still remains in its infancy stage, as only Canada and Uruguay have legalized cannabis entirely. Despite the regulations and restrictions imposed upon cannabis, the market is still positioned for significant growth. According to data compiled by Markets and Markets research, the global cannabis market is expected to grow from USD 10.3 Billion in 2018 to USD 39.4 Billion by 2023. Furthermore, the market is projected to grow at a CAGR of 30.7% during the forecast period. Currently, the market will continue to be driven by the growing medical segment and the growing number of countries legalizing cannabis. Global Payout, Inc. (OTC: GOHE). Auxly Cannabis Group Inc. (OTC: CBWTF), NightFood Holdings, Inc. (OTC: NGTF), Freedom Leaf Inc. (OTC: FRLF), Potnetwork Holdings, Inc. (OTC: POTN)

The cannabis industry is expected to witness its largest growth in the U.S. and Canadian markets. Although the U.S. has not fully legalized cannabis, medical use has been legalized in 33 states and the District of Columbia. However, there are also 10 states that have legalized cannabis on a recreational level. States like California, Colorado and Washington are the primary drivers for the market, as they all drove in over USD 1 Billion in revenue in 2017, according to Forbes. Now, with the recent passing of the U.S. Farm Bill, the market is projected to accelerate even further. The bill was passed through the Senate and the House, and is now awaiting approval from the President. Either way, when the President signs this landmark legislation into law, the entire cannabis industry, and commerce alike, will finally have breathing room. For marijuana businesses, hemp would be fully legal, according to the Federal Government. "Every barrier to entry in banking, commercial real estate, intellectual property and everything in between will lift - advancing the industry one monumental step further to social acceptance of marijuana as simply a commodity just like any other commodity - like cabbage perhaps," said Robyn Ranke, Attorney at Eskaton Law, which specializes in cannabis related cases.

Global Payout, Inc. (OTC: GOHE) yesterday, the Company announced that, "they have executed an affiliate agreement to offer a unique, first-of-its kind, turn-key cannabis payment platform for dispensaries nationwide, combining the MTrac technology with Baker's CRM Platform and marketed by DEWL, LLC an affiliate of SUPERBAD BRAND.

This strategic alliance was formed to solve growing issues with payment processing in industries considered "high-risk" including the Cannabis industry. This new payment solution collaboration between Baker, MTrac and SUPERBAD BRAND, is based on a secure blockchain-based payment system brought to market by MTrac, with Baker providing the CRM solution, and SUPERBAD BRAND and DEWL managing all sales and marketing efforts through this collaboration, for dispensaries nationwide.  

The new payment platform will offer dispensaries a turnkey solution for payment processing and will initially be targeted for implementation in more than (1,000) one thousand dispensaries currently using the Baker CRM Platform.

'For a Company like MTrac, you really can't have too many strategic partners. This is exactly the kind of relationship you want to build, one where the skills and resources of each company complement one another. I am very excited about this agreement and we expect implementation in these locations to begin in the next two weeks,' said Vanessa Luna, MTrac's CEO.

About Global Payout, Inc. (OTC: GOHE): From 2014 to 2017 Global focused on identifying new state of the art technologies in a variety of industry sectors and successfully helped launch MoneyTrac Technology Inc. and other companies within the FinTech space. In 2018, Global completed a reverse triangular merger with MoneyTrac Technology Inc. resulting in Global retaining the wholly owned subsidiary, MTrac Tech Corporation. Global's current focus is continuing to identify new business opportunities while it reorganizes its future business endeavors."

Auxly Cannabis Group Inc. (OTCQX: CBWTF) is a collective of entrepreneurs with a passion for the cannabis industry past, present and future. Auxly Cannabis Group Inc. recently announced that the Company has entered into a binding interim agreement with Atlantic Cultivation Inc., an applicant under the Access to Cannabis for Medical Purposes Regulations pursuant to which the parties will collaborate on the development of a 110,000 square foot indoor cultivation facility in St. John's, Newfoundland and Labrador and on the development of retail locations in the province. Pursuant to the Agreement, Auxly will invest USD 2,500,000 into Atlantic in exchange for a 50% equity stake in Atlantic and a long term right to purchase up to 30% of dried cannabis and cannabis trim produced at the Facility. Auxly will also provide strategic regulatory, infrastructure, design and cultivation support to assist Atlantic in obtaining its licence under the Cannabis Act and in opening retail locations in the province. Hugo Alves, President and Director of Auxly commented: "We are excited to have entered into this partnership with Atlantic Cultivation, a company led by an excellent management team with deep roots in Newfoundland and Labrador. This strategic partnership adds significant depth to our operations in Atlantic Canada. This partnership with Atlantic, coupled with our premium craft producer Robinson's Cannabis in Nova Scotia and our world class innovation and extraction hub at Dosecann in PEI demonstrates Auxly's commitment to Atlantic Canada where we are building meaningful cannabis businesses that have a positive impact on the region."

NightFood Holdings, Inc. (OTC: NGTF), operates both NightFood, Inc. and MJ Munchies, Inc. MJ Munchies, Inc., a wholly owned subsidiary of Nightfood Holdings, Inc., has recently announced that a Letter of Intent has been signed with a cannabis beverage and edibles company to license the Half-Baked brand in the state of Colorado. The final licensing agreement is expected to be completed in the coming weeks, and to include quarterly royalty payments from the Licensee, along with an option to expand the relationship into other states. There will also be the possibility for the Licensee to acquire the national rights to the Half-Baked brand if certain operational milestones are achieved within certain specified timeframes. The Licensee will have the rights to manufacture, market, and distribute products in Colorado under the Half-Baked brand in both beverages and edibles. The Agreement will require that a Half-Baked THC-infused beverage in a "shot" format be brought to market before March 31, 2019. "Edibles and beverages are clearly the future of recreational cannabis consumption," commented MJ Munchies Chief Executive Officer Sean Folkson. "With the launch of Half-Baked edibles in California next quarter, it was important to us not only to add a second geographic market, but to launch a Half-Baked beverage. For several reasons, we have agreed that a Half-Baked THC-shot, similar in format to a 5-Hour Energy shot, be the first product brought to market under this agreement."

Freedom Leaf Inc. (OTCQB: FRLF), a group of diversified, international, vertically-integrated hemp businesses concentrating on health, wellness, and education as well as cannabis media companies. Freedom Leaf Inc., owner of full spectrum CBD brands IrieCBD and Hempology, recently announced that it has received a significant investment from cannabis private equity firm Merida Capital Partners to further expand its existing US sales channels and accelerate its European hemp cultivation operations. Freedom Leaf and Merida have also agreed in principal to a strategic partnership by which Merida will provide certain operational resources and support for both Freedom Leaf's US hemp-based cannabidiol (CBD) sales efforts and their global cultivation operations. In connection with Merida's investment, Merida Senior Partner David Goldburg will be joining the Freedom Leaf Board of Directors. Clifford Perry, Chief Executive Officer of Freedom Leaf, commented on the investment and partnership, "Receiving an investment from a leading cannabis firm like Merida, which already has investments in key supply chain providers like KushCo, GrowGeneration and Emerald Scientific, should drive our US expansion and ensure we are building our CBD production business efficiently, while also giving us incredible support in our global expansion."

PotNetwork Holdings, Inc. (OTC: POTN) is a publicly traded company that acts as a holding company for its principal subsidiaries, First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD products. PotNetwork Holdings, Inc. recently announced that its subsidiary Diamond CBD is launching a new program to raise mainstream consumer awareness on the potential health benefits of CBD Products, while significantly enhancing its distribution footprint through a new and diverse segment of the rapidly growing market. Kevin Hagen, Chief Executive Officer of the Company, stated: "As everyone knows, millions of people frequent their local malls each week. We perceived this as an opportunity to simultaneously broaden our distribution footprint, and spike consumer brand awareness and preference. As a result, we are embarking on a program to rollout early next year, where dedicated kiosks and merchandising carts can be placed within major malls across America, starting in our own backyard of South Florida."

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