In the last trading session, the stock price of Global Payout, Inc. (OTCMKTS:GOHE) jumped more than 14% to close the day at $0.1209. The gains came at a share volume of 23.44 million compared to average share volume of 14.40 million.
The cannabis, marijuana and hemp industry is growing while increased number of retail investors are taking notice. As per Cowen & Co., approved marijuana sales in the United States have the prospect to reach $50 billion yearly by 2026, with cannabis research company ArcView estimating compound yearly growth of 26% in North America by 2021.
As per Forbes, the cannabidiol market alone is projected to jump by 700% by 2020. A new report by Hemp Business Journal estimates that the Hemp segment will surge to $2.1 billion by 2020, a considerable jump in value assessed to last year’s Hemp segment of $202 million. Plenty of market experts firmly consider not several other sectors and industries are growing as fast as legal marijuana moving into the new year. Active companies in the cannabis industry comprise Global Payout, PotNetwork Holdings Inc (OTCMKTS:POTN), GB Sciences Inc (OTCMKTS:GBLX), Medical Marijuana Inc (OTCMKTS: MJNA) and Kaya Holdings Inc (OTCMKTS:KAYS).
Global Payout Inc. (OTC: GOHE) last week reported that its majority owned firm, MoneyTrac Technology, Inc. has obtained a definitive Referral Partnership Deal with GreenRush Group, Inc. This deal will offer MTRAC with a direct revenue source from the referral of cannabis-related operations who secure a deal with greenRush for the application of their e-commerce payment platform as well as Green Label Platform.
The deal further strengthens the ongoing association between GreenRush and MTRAC that was established in May 2017. As MTRAC continues advancing new associations with businesses throughout the cannabis market who are eager to be launched to different e-commerce platforms, like that provided by greenRush, it is streamlining e-commerce capabilities and maximizing consumer exposure.