One Company That Could Have A Leg Up On Marijuana Market Leaders
We’re all aware of the biggest names in the cannabis industry right now. Companies like Canopy Growth, Aphria, Tilray, Cronos Group, and Aurora Cannabis are all mentioned when we see reports about “Market Leaders” in marijuana. The interesting part: there may be other businesses out there that could be built on a much more streamlined platform and could offer almost immediate access to the market potential ahead…
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Leafbuyer Technologies Aiming For Growth Ahead
Leafbuyer Technologies, Inc. (LBUY) (“Leafbuyer”), a leading cannabis technology platform, announced today that its quarterly sales rose 67% in the quarter ending September 30, 2018. The increase reflects the revenue booked in the quarter versus the same quarter of the previous year. “We are seeing a high demand for our loyalty services as well as our customer acquisition platform. We expect to see a significant increase in revenue coming from loyalty and order ahead products from our cannabis dispensary customers.” – Mark Breen, COO of Leafbuyer
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Do the Rewards of the Marijuana Stock Market Outweigh the Risks?
One of the main principles of investing in any market is to take into consideration the risks that come with it. For cannabis, these risks have been rampant due to how infant the industry is as a whole. Over the past year, we’ve seen massive fluctuations in price as well as a large amount of speculative trading. With all of this underway, it may seem like cannabis is the right place for investors looking to make money in the short term. Interestingly enough, however, cannabis is still very much in its early stages which means there are potentially billions in revenue left to come as the market moves forward.
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