Analysis originally distributed on June 1, 2017 By: Michael Vodicka of Cannabis Stock Trades
Amazon was at the top of the headlines this week after its share price broke $1,000.
Amazon is now up 1,300% in the last 10 years. That is a nice win for shareholders. Early investors are sitting on big gains.
It’s also a reminder of where consumers are spending their money these days – online.
Any business that wants to thrive has to be winning online.
This is true in the cannabis industry. Just like the broader retail industry – online cannabis sales are booming.
However, Canada’s young cannabis companies are struggling to meet that growing demand.
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They are still being hampered by burdensome banking restrictions.
For example, Canadian cannabis producers have been banned from using PayPal because the U.S. based company is subject to US federal restriction on cannabis.
Even some larger banks have declined to provide financial service to Canada’s cannabis industry simply because its so new and considered higher risk. Continue reading "Will This Micro Cap Be The PayPal Of Canada's Cannabis Industry?"
