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US House Committee Approves Bill that Could Federally Decriminalize Cannabis Creating Ecommerce Opportunities

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Houston, Texas--(Newsfile Corp. - November 22, 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.

Cannabis Stocks Showing Big Signs of Life on Potential for Decriminalization

Cannabis stocks haven't been performing as well lately.

However, many are showing strong signs of life after the House Judiciary Committee advanced a bill that would lift the federal ban on cannabis known as the Marijuana Opportunity Reinvestment and Expungement Act (More Act) on Wednesday, adding:

"Our marijuana laws disproportionately harm individuals and communities of color, leading to convictions that damage job prospects, access to housing, and the ability to vote." Committee Chairman Jerrold Nadler said, as quoted by MarketWatch.

"Recognizing this, many states have legalized marijuana. It's now time for us to remove the criminal prohibitions against marijuana at the federal level," he added.

Should it now pass the Senate, cannabis stocks could see big signs of life again.

That's just one substantial catalyst for cannabis investors.

Remember, the Marijuana Business Factbook estimates the industry could be worth $77 billion by 2022. The Brightfield Group says worldwide CBD sales are expected to soar from $591million in 2018 to as high as $22 billion by 2022.

Analysts at Arcview Market Research and BDS Analytics foresee worldwide sales surpassing $55 billion by 2024. Even Piper Jaffray says the market could be worth up to $100 billion.

As that growth potential is realized, many cannabis companies are quickly moving online.

As cannabis demand increases, and as more countries and states legalize its use, related companies are moving online. And much like traditional retailers, many are realizing that without an online presence, they're limiting their market reach.

Plus, the "online platform segment is anticipated to hold 42.6% market share by 2025. Rising demand from numerous countries and states to legalize cannabis would fetch more orders online as it is very convenient for people to opt for mail orders," says Global Market Insights.

Ecommerce is the Most Overlooked Opportunity of the Cannabis Industry Success

To assist the industry, 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.

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.

CannaOne Technologies CEO, Mr. Riby-Williams, commented. "We're also pleased that we've put supports in place to engage with the current and prospective investors. As our US CBD Marketplace BWell (https://thebwellmarket.com/) continues to grow its customer base and product offerings and with the prelaunch of the UK CBD Marketplace expected to be undertaken in the near-term, it is no surprise to us that it seems that investors are most curious to learn more about the developments."

"Our engagement of these two (2) highly reputable and vastly experienced Investors Relations organizations should definitely assist us to provide swift, clear and concise updates to our current and prospective shareholder base as it pertains to the current developments of our business activities and overall expansion plans," he added.

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/49996

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