A ‘bankable’ Marijuana Industry Creates A Sub-industry That Singlepoint (sing) Is Targeting.

(OTC: MDCL), Reliq Health Technologies (OTC: RQHTF), General Cannabis Corp. (OTC: CANN) and Medical Marijuana, Inc. (OTC: MJNA). The legal cannabis industry is arguably the fastest growing industry in the world. According to Cowen & Co., the industry could surpass $50 billion in revenue over the next 10 years, thanks to the continuing legalization throughout the United States. With the passing of California’s Proposition 64, it is anticipated that the domino effect of recreational legalization will play out and the size of the industry Medical marijuana will roughly triple in thenear-term. Since cannabis is still illegal under federal law, many commercial banks are not serving the industry. Only a small percentage of financial institutions-primarily small state-chartered banks and credit unions-presently serve the industry. Supporters like SinglePoint, however, see a day in the future when large national banks will offer comprehensive services to the cannabis industry and further spur its booming growth. A ‘bankable’ marijuana industry creates a sub-industry that SinglePoint (SING) is targeting. SinglePoint, through its SingleSeed Payments subsidiary, will offer payment processing solutions and currently offers mobile marketing services and more.

To read more visit http://www.wboc.com/story/34566982/the-tangential-opportunities-of-the-cannabis-industry

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