Tags Posts tagged with "Marijuana Trends"

Marijuana Trends

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Marijuana Stocks Cannabis Stocks
 

mCig Inc. (MCIG) Broadens Construction Project Portfolio and Expands Cannabis Supply Division

 

mCig Inc. ( OTCQB : MCIG ), a diversified company servicing the legal cannabis, hemp and CBD markets, is pleased to announce the latest project updates for Grow Contractors (its construction and consulting division), in addition to the latest expansion of its cannabis supply division into the California cannabis market with record sales driven by recent recreational legalization in Nevada.

 

 


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Marijuana Stocks on the Rise; What About Consumer Happiness?

 

Stocks in the medical marijuana industry have been hitting new highs for almost a year at this point, and the reasons behind it are quite obvious.

 



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Nevada Marijuana Industry Spurs Growth For mCig (MCIG)

The opening of Nevada’s recreational marijuana market has been a catalyst to many companies, however, some have benefited more than others.

Some of the biggest beneficiaries have been the vertically integrated companies as well as the holding companies.

One company that has benefited the most is mCig Inc. (MCIG). The company is levered to several legal cannabis markets and it has benefited from its unique and significant exposure to the Nevada market.

 


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When MassRoots,which is also a marijuana stock, was asked by the SEC for evidence that the business was a leading social media app within the legal marijuana industry, Jerome Dewald an investor who capitalized on a marketing opportunity.

Dewald and his wife, Kristina Osipova, had previously been following different social media metrics such as business number of followers on Instagram, Facebook, Twitter, as well as YouTube as a way of shadowing their own portfolio of investments of marijuana related software.

Dewald confessed to MJINews that the reports have limits; different social media apps have various means of reaching their bottom line and the metrics that the reports use to follow “trends” generally may not transcend into profits.

In reference to Awesomepova’s July 2015 report, even marijuana businesses that are gaining the attention of potential investors and Snoop Dog such as Meadow Care and Eaze “cannot compete” against MassRoots, which touted about its 219,000 followers on its Instagram page as of June 30, 2015. However, the report does acknowledge that these businesses gaining more followers at a much faster rate.

Yet for Eaze and Meadow Care, which each focuses on medical cannabis delivery within the San Francisco market, this double-digit expansion in Instagram followers doesn’t actually mean that these apps are bringing in greenbacks yet.

“Setting up the logistics of these other apps is much more difficult,” Dewald said when comparing Eaze and Meadow Care to MassRoots. “You have to set up the infrastructure—attract patients, customers, drivers. You need dispensaries that want to work with you.”

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