$SING Taking a Low-Risk Approach
Singlepoint has stepped in to address some of these industry challenges with its own solutions in a way that doesn’t involve touching the drug at all. In particular, the company has focused most of its efforts on developing marketing programs, payment solutions, and innovative products targeting the medical marijuana sector. This approach differentiates it from other companies in the space that have greater risk by handling the drug itself.
In January 2014, the company began developing mobile payment systems branded for the cannabis industry along with text message marketing services for dispensaries. The technology enables cannabis companies to avoid cash transactions that entail security risk and make accounting more difficult, while effectively marketing to existing and potential customers through their mobile devices when they’re most engaged.
More recently, the company signed a letter of intent to acquire an interest in Jacksam Corp., dba Convectium, a profitable California-based provider of equipment, branding, and packaging solutions for the cannabis industry. Convectium is the creator of the world’s first oil filling machine focused in the cannabis industry that is capable of filling cartridges or disposable vape pens for wholesale distribution to dispensaries.
http://www.cannabisfn.com/singlepoints-low-ri...-industry/
Singlepoint has stepped in to address some of these industry challenges with its own solutions in a way that doesn’t involve touching the drug at all. In particular, the company has focused most of its efforts on developing marketing programs, payment solutions, and innovative products targeting the medical marijuana sector. This approach differentiates it from other companies in the space that have greater risk by handling the drug itself.
In January 2014, the company began developing mobile payment systems branded for the cannabis industry along with text message marketing services for dispensaries. The technology enables cannabis companies to avoid cash transactions that entail security risk and make accounting more difficult, while effectively marketing to existing and potential customers through their mobile devices when they’re most engaged.
More recently, the company signed a letter of intent to acquire an interest in Jacksam Corp., dba Convectium, a profitable California-based provider of equipment, branding, and packaging solutions for the cannabis industry. Convectium is the creator of the world’s first oil filling machine focused in the cannabis industry that is capable of filling cartridges or disposable vape pens for wholesale distribution to dispensaries.
http://www.cannabisfn.com/singlepoints-low-ri...-industry/
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