Net Element's Unified Payments Launches Compliant Payments Solution for the Legal Cannabis Industry
Net Element, Inc. (NETE)
Last net element, inc. earnings: 11/14 08:30 am
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Source: GlobeNewswire
New secure and regulatory compliant offering targets the fast growing CBD industry MIAMI, FL, Oct. 22, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Net Element, Inc. (NASDAQ: NETE) (“Net Element” or the “Company”), a global technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment including point-of-sale (“POS”), e-commerce and mobile devices, announces the launch of a secure and compliant payment processing offering aimed at the legal cannabis industry. For years, experts have predicted that the American cannabis market will reach $20 billion by 2020. But as it turns out, the legal hemp-CBD (cannabidiol) sector alone is spinning off into a mega-market. According to the Brightfield Group, the CBD market will soon hit $22 billion by 2022 and with increased growth among its sectors and favorable legislation, analysts say the cannabis industry is paced to hit $591 million in 2018 and could increase 40 times in the
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