Market Overview

Mexico's Recreational Cannabis Bill Could Unleash Sizable Opportunities

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Houston, Texas--(Newsfile Corp. - October 24, 2019) - MarijuanaStox announces publication of an article that discusses CannaOne Technologies (CSE:CNNA) (OTC:CNONF), which has been aggressively addressing the ecommerce needs of the growing cannabis industry, as a first-to-market software company.

The Global Cannabis Boom Show No Signs of Cooling

There are no clear signs the cannabis boom is cooling.

At least, not any time soon. All thanks to global wave of acceptance.

In the U.S. alone, a Gallup survey found that 66% of Americans are in favor of legalization. That's up from just 60% in 2016. A Pew survey found that 62% of Americans want to see cannabis legalization in the country, as compared to just 57% in 2015.

Canada legalized cannabis use just last year, and just legalized cannabis derivatives last week. More U.S. states are approving it. Corporate America is jumping at the opportunity, and the U.S. Farm Bill has created sizable excitement.

Now, Mexico is jumping on board the cannabis bandwagon.

Just this month, Mexican Senate committees introduced legislation that could legalize recreational cannabis in the country. In fact, it would be the third country to do so behind Canada and Uruguay. However, this is really just a formality. Last year, Mexico's Supreme Court ruled that a ban on recreational use of cannabis was unconstitutional.

As the global boom begins to take shape, cannabis companies are quickly moving online.

In fact, these days, cannabis companies must have an online presence to give themselves grander exposure to a larger audience. After all, if they fail to establish an online business model, they could easily put themselves out of business.

As companies come to terms with that, they're quickly launching online marketplaces.

Shopify for example just introduced new features to help cannabis retailers establish and expand an online presence. For example, Shopify plans to offer tools, including online store design, payment, shipping, and marketing in more than 40 states to cannabis merchants.

However, while big companies like Shopify are just now getting on board to help cannabis companies flourish online, they're late to the game. Others, like CannaOne Technologies Inc. (CSE:CNNA) (OTC:CNONF), a first to market online ecommerce solution developed around cannabis products and consumers has been in the business for quite some time.

Software the Missing Ingredient to Cannabis Market Success

First-to-market company, CannaOne Technologies created the BloomKit software suite to offer cannabis companies a turnkey solution that connects cannabis retailers to consumers, while also offering dispensaries a way to successfully sell their products online.

Not only can companies create online storefronts, they can also create customer acquisition tools, logistics, marketing and payment operations.

All a necessity with today's explosively growing cannabis industry.

Better, in recent months, the company launched its BWell CBD online marketplace, establishing CannaOne as one of the first CBD focused online marketplaces in a multi-billion-dollar industry.

"We are truly in on the ground floor level of this rapidly growing CBD revolution in America and we're now ready to compete as a dominant player in this online space," says CEO Solomon Riby-Williams. "The realization of the BWell Market portal has proved the Company's competence as a premium developer of enterprise online marketplace solutions including, site engineering, inbound marketing, running a successful pre-launch campaign, stocking the shelves with leading global CBD brands and the successful marketing campaigns."

In addition, the company just entered into a Memorandum of Understanding (MoU) with LevelOut UK (LO), which will act as the majority equity partner in a joint venture corporation (JV), being established to service the UK market and sets the path towards the Europe.

CannaOne will contribute to the JV exclusivity to their proprietary software for the UK market, while further providing its industry knowledge, digital marketing expertise and access to its existing American CBD brand supply chain for sale on LO.

"This soon to be realized JV is a testament to our goal to be omnipresent in markets all over the world. This is one more pin on the map for us, as we continue in discussions and negotiations with other groups for the establishment of CBD marketplaces in additional lawful domestic and international geographic locales," added Riby-Williams.

For more information, visit the company's website at CannaOne Technologies Inc.

About MarijuanaStox

MarijuanaStox.com is a leading web destination for all cannabis related companies. Investors can also find current marijuana-related quality financial, medical, legal and social news.

MarijuanaStox.com is a media agency in North America dedicated to the cannabis industry, helping companies that operate in the space to attract quality investors, working capital and real publicity. Since 2005, we have had public companies in the US and Canada have rely on us to grow and succeed.

Legal Disclaimer

Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media which has a partnership with www.MarijuanaStox.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.

For making specific investment decisions, readers should seek their own advice. Winning Media, which has a partnership with www.MarijuanaStox.com, is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement between Winning Media (partners of MarijuanaStox.com) and CannaOne Technologies Inc., Winning Media has been paid four thousand dollars for advertising and marketing services. We own ZERO shares of CannaOne Technologies Inc. Please click here for full disclaimer.

Contact Information:
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ty@marijuanastox.com

SOURCE: MarijuanaStox.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/49108

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