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Spotlight Growth Releases A Report On Bayport International Holdings Inc (OTCMKTS:BAYP)

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Spotlight Growth reported that it has released a report on Bayport International Holdings Inc (OTCMKTS:BAYP). While most cannabis investors, enthusiasts and entrepreneurs continue to focus mainly on the growth prospect for cannabis cultivation and growing, there may be other winners that are being overlooked including cannabis technology.

The details

Cannabis technology can be stated as a wide-ranging topic that comprises everything from product delivery, cultivation lighting and greenhouse construction to digital cannabis directories, news and consulting. Without cannabis know-how, businesses would have an extremely tough time with efficiently selling and producing the product.

Cannabis sales projections are demonstrating considerable growth, as more U.S. states are expected to continue decriminalizing and legalizing marijuana use. As per New Frontier Data & Viridian Capital Advisors, cannabis legal sales are projected to hit $24.1 billion in 2025 as against $6.6 billion in 2016.

Technology already has penetrated almost every aspect of people lives and the cannabis market is no different. In fact, cannabis firms will likely continue to opt technology to assist them beat out peers and stand out in a growing crowded market. As they analysis the cannabis programs, the long-term industry pioneers will no doubt be firms that heavily relied on growing technology in order to differentiate themselves.

In the last week of September, Bayport International reported it is actively seeking cannabis know-how acquisition targets and even assessing numerous prospective deals. Currently, the firm’s major cannabis technology holding remains to be Weedwiser.com, a next-generation global cannabis directory. Weedwiser will provide numerous features, such as cannabis-related events, news, industry job listings, recreational/medical cannabis firms, and more.

While Weedwiser remains in beta, the final version is reported to be a more diverse and expansive version of WeedMaps, which is a renowned cannabis dispensary and delivery directory. In addition, Bayport International will persist to build additional services dependent off the Weedwiser platform in the coming period, as well as advancing any further cannabis technology deals that are taken over.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of journaltranscript.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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