CSA Holdings Inc (OTCMKTS:CSAX) is training its eyes on $22 billion, the projected value of the marijuana industry by 2020. Toward that end, the company has continued to ink strategic deals geared towards expanding its market share in legal marijuana industry and also widening the scope of its participation in the legal cannabis industry.
CSA Holdings Inc (OTCMKTS:CSAX) recently inked a deal with Compliance Financial Network (CFN) that revolves around provision of secure transportation for the legal marijuana industry. Specifically, CSA Holdings said its armored transport unit called Cloverton Group will be tapped to provide verification, cash pickup and secure transportation for the client of CFN. The services will be rendered to CFN clients in Colorado, Washington, Nevada, California and Arizona.
The opportunity that CSA Holdings has identified is that it can extend its security solutions to fill a gap in the legal cannabis industry. To accelerate its expansion in the market, the company is inking strategic deals with established players in the industry such as CFN.
CSA Holdings Inc (OTCMKTS:CSAX) currently has operations in 15 states and has over 500 felicities installed or maintained. The ongoing legalization of marijuana is expanding the addressable market for the company.
Cannasys Inc (OTCMKTS:MJTK) partners with Duby to fuel sales for cannabis businesses
Cannasys Inc (OTCMKTS:MJTK) and Duby, LLC have come together to provide legal marijuana producers and vendors with content-based marketing solutions. With that, the companies are launching Citizen Toke, a marketplace that is optimized for discovery of legal cannabis products.
According to Cannasys Inc (OTCMKTS:MJTK), Citizen Toke will be the go-to-place for marijuana consumers and vendors looking to establish relationship with new customers. Cannasys excels in the area of content marketing and branding and Duby is a leader in content sharing and it algorithms supports easy discovery of social content.
The latest collaboration between Cannasys Inc (OTCMKTS:MJTK) and Duby builds on their previous deal to create a joint venture as they eye the $22 billion legal cannabis economy.