NEW YORK, NY--(Marketwired - Mar 30, 2017) - NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring SinglePoint, Inc. (OTC: SING), an NNW client focused on strengthening its position in the marijuana industry through the acquisition of, or investment in, small to mid-sized cannabis companies.
The publication is entitled "Marijuana Legalization Could Encourage Widespread Economic Benefits." It describes how, with the help of cannabis-focused innovators, a legalized marijuana industry could create jobs and increase tax revenue.
To view the full publication visit: https://www.networknewswire.com/marijuana-legalization-encourage-widespread-economic-benefits/
"There are a number of advantages to society and the public safety in regulating marijuana, but economic arguments also favor its legalization. The benefits include increased tax revenues, job creation, and reduced law enforcement costs. ... An industry with this potential requires strong, innovative spokes that support broader growth and opportunity. One such innovator is SinglePoint (SING), which, through its SingleSeed Payments subsidiary, stands at the ready to make the New Frontier Data forecasts a reality by offering payment solutions to the cannabis industry. Its mobile marketing and payment solutions include cashless ATM, Pay-by-Text™ and text message marketing, while the SingleSeed.com website is designed as a go-to for dispensaries in need of merchant payment processing solutions and other business tools.
"SingleSeed recently made a significant advancement in its broader strategy to strengthen its presence in the cannabis industry when it acquired a stake in Jacksam Corp., dba Convectium, the developer of a unique oil filling system for the cannabis industry. The investment in Convectium will help fund the company's growth, as well as the marketing of its revolutionary 710Shark and 710Seal oil filling system."
About SinglePoint, Inc.
SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry.
Connect on social media at: https://www.facebook.com/SinglePointMobile, www.twitter.com/_SinglePoint_, www.linkedin.com/company/SinglePoint and www.youtube.com/user/SinglePointMobile
For more information, visit www.SinglePoint.com or www.SingleSeed.com
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.