This Most Overlooked Technology is the Lifeblood of the Cannabis Boom

Houston, Texas--(Newsfile Corp. - September 18, 2019) - MarijuanaStox announces publication of an article that discusses CannaOne Technologies CNNA CNONF, which has been aggressively addressing the ecommerce needs of the growing cannabis industry, as a first-to-market software company.

The Global Cannabis Market is Expected to Reach $66.3 Billion by 2025

Multi-billion-dollar industries are being transformed by the cannabis boom.

Sales of products containing CBD are expected to grow 700% in 2019 year over year, says the Brightfield Group. "The CBD market has been growing rapidly, but we will see unprecedented growth in 2019," Brightfield Managing Director, Bethany Gomez, explains.

In addition, according to a new report from Grand View Research, the legal cannabis market is expected to reach $66.3 billion by the end of 2025 from $11.9 billion in 2018.

As global demand just begins to explode, 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.

"We aren't really getting into the CBD business, CBD is getting into the retail business," Loren Padelford, vice president and general manager of Shopify Plus, said, as quoted by Bloomberg.

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. CNNA CNONF, a first to market online ecommerce solution developed around cannabis products and consumers has been in the business for quite some time.

The best part - the company is already expanding globally and fast.

CannaOne Technologies Expanding Global Footprint to Assist Industry Growth

On June 24, 2019, it launched the BWell (thebwellmarket.com) CBD online marketplace. It exhibited the company's launch of its first revenue model, as well as, establishing CannaOne as one of the first CBD focused online marketplaces in an industry. In addition to the successful launch of its online ecommerce CBD Marketplace, the company has already received over 11,000 customer sign-ups seeking access to purchase over a 140 individual CBD products.

CEO Solomon Riby-Williams stated: "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 all in just a few months. The BWell Marketplace encapsulates all of these key components. The Company is now well positioned to provide third party providers, a premium turnkey technology solution for their CBD products that not only supplies them with products, but educates and engages their community from the ground up. Our immediate goal is to "cookie cutter" this process and launch more marketplaces in other countries around the world. "

First-to-market company, CannaOne Technologies created its own proprietary software suite to offer cannabis companies an ecommerce solution that connects cannabis products to consumers. In fact, the launch of this software platform has provided CannaOne a distinct first mover advantage in the deployment of a cannabis focused online marketplaces around the world.

Over the last year, management has been developing relationships in Mexico, and the United Kingdom, in addition to several other European countries. Even with though global markets in North America , Europe, and South America have noticeably different legal and compliance requirements for cannabis-based products, CannaOne's software is designed in such fashion that it can adopt to the specific conditions of all such varying jurisdictions.

However, that's just the start to its global growth plans.

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

About MarijuanaStox

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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.

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SOURCE: MarijuanaStox.com

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