Cannabis is no longer new. Cannabis prohibition and the issues related to the legalization of medical and recreational use of marijuana are old for consumers as well as investors. However, it is still one of the emerging industries. This implies that the companies should not just try and meet the demands of the current market but also prepare for the evolving conditions of the industry in the future. This applies more than anything else to the cannabis technology.
However, there is a company that strongly thinks it has the right strategy and technology to meet the demands of the market for the present and the future is CannaOne Technologies Inc. that provides an innovative B2C platform for the cannabis industry.
In an interview with the company’s management team, CEO of CannaOne Technologies, Solomon Riby-Williams stressed two factors – forward thinking and flexibility. To help cannabis investors learn about the company’s vision, Solomon discussed the lifetime value of cannabis consumer as being the highest of all. He said the platform they developed focuses on capturing the information about cannabis consumer to serve them in the best possible way.
The cannabis market has features similar to luxury goods with high margins and demands. This means the cannabis industry represents huge stream of lifetime revenue like tobacco and alcohol. Moreover, unlike tobacco and alcohol, cannabis is not just benign but also offers numerous health benefits. This also means that recreational users of cannabis would live longer than tobacco and alcohol consumers.
With a focus on this factor, CannaOne is ready to enter the market and is confident enough to serve the future market with changing needs. Second is the user-acquisition costs which the company believes would soar in the coming future in this industry. Through this tool, the company offers a unique combination of cannabis products and technology in one to give consumers the highest level of satisfaction they could expect.