While cannabis legalization has been gaining ground nationally over the last few years, the 5 for 5 sweep of state-level ballot measures sent a clear message that the American people are overwhelmingly in favor of cannabis legalization with measures passing in both deep red and deep blue states.
Furthermore, the ballot measures will increase the total addressable market by at least 20mm state residents with tens of millions more living adjacent to newly minted recreational markets. While state-level ballot initiatives received the most attention, local measures could also increase market size as new municipalities allow adult use sales, including 6 densely populated
While the ballot measures will have components taking effect from late 2020 all the way through 2022, there are significant opportunities for growth in both the government and commercial sectors. Although
Through its industry-leading suite of proprietary software, Helix Technologies is well positioned to take advantage of the expanding markets for both commercial and government software. As the only software provider that has massive market share in government as well as retail software markets, Helix is well positioned to benefit from these market openings. Helix’s proprietary dataset, the largest in the industry, and analytics capabilities are both of great value to operators and regulators looking to navigate the tumultuous waters of new cannabis programs. Helix’s involvement in the cannabis industry predates the origins of adult use cannabis, providing the company with the data sets that preview consumer behavior and regulatory outcomes in a way to uniquely support each new state’s market development.
“This is a very exciting time for the cannabis industry. New markets will continue to open, and existing markets will gain further momentum and transparency,” said
About
About
Helix's industry-leading compliance and point of sale technologies are tailored to the unique needs of the quickly evolving cannabis industry, offering customers seamless compliance management solutions and earning government contracts in this rapidly growing market. The BioTrack cutting-edge platform is designed to scale alongside the cannabis industry. The Helix's leadership team has deep experience in entrepreneurship, mergers, acquisitions, technology and security. With headquarters in
Forward-Looking Statements
Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: our ability to fund our operations and pay any outstanding debt; fluctuations in our financial results; general economic risks; the volatile nature of the market for our products and services and other factors that could impact our anticipated growth; our ability to manage our growth; changes in laws and regulations regarding the cannabis industry and service providers in the cannabis industry; reliance on key personnel; our ability to compete effectively; security and other risks associated with our business; intellectual property risks; and other risk factors set forth from time to time in our
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