Is This Sector About To See Major Growth? One Industry Could Be The Catalyst
New York, NY May 10, 2019 – Stock Market Press is a leading financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network discusses the new security and surveillance industry growth due to the evolving cannabis sector. There has been a huge surge in the need for security and surveillance over the past few years and this demand is only expected to increase. While the 2018 Farm Bill has eased the federal restrictions on hemp, states are requiring strong surveillance and security measures be implemented by any licensed producers, transporters and sellers.
The Cannabis name covers marijuana and hemp. While Hemp is now legal to grow, marijuana is still labeled Schedule 1, in the class of controlled substances. As a result, even more surveillance and security regulations are in place for those states that do allow medical or recreational use of marijuana.
“The global legal marijuana market size was valued at USD 9.3 billion in 2016 and is expected to exhibit a CAGR of 34.6% during the forecast period. The market is expected to witness significant growth owing to legalization in several countries and high demand for both medical and recreational purposes.
Over the past few years, the number of companies operating in this market has increased exponentially. Producers are focused on expanding their customer pool by offering myriad portfolio of products and through geographical expansion. Products currently being offered include varieties of strains and extracts such as oils, tinctures, resins, and consumables based on concentration of cannabinoids like THC and CBD.” From a recent report by Grand View Research.
The cannabis market has seen major players, like HEXO Corp (NYSE-A:HEXO) and Aurora Cannabis (NYSE:ACB) (Frankfurt : 21P; WKN: A1C4WM) forge ahead with acquisitions and growth.
HEXO Corp (“HEXO”) (TSX: HEXO; NYSE-A: HEXO) and Newstrike Brands Ltd. (“Newstrike”) (HIP.V) are pleased to announce that they have received regulatory approval from the Canadian Competition Bureau by way of a no-action letter under the Competition Act (Canada) indicating that it does not intend to challenge the proposed arrangement between HEXO and Newstrike, whereby HEXO intends to acquire all of the issued and outstanding common shares of Newstrike by way of a plan of arrangement under the Business Corporations Act (Ontario) (the “Transaction”). Receipt of the letter satisfies a key condition of the Transaction.
Aurora Cannabis Inc. (“Aurora” or the “Company”) (NYSE:ACB) (Frankfurt : 21P; WKN: A1C4WM) announced today that the Company, through its wholly owned subsidiary Aurora Deutschland, has been selected by the Luxembourg Health Ministry as the exclusive supplier in a public bid to supply a second delivery of medical cannabis to Luxembourg.
Under the terms of the bid, the medical cannabis produced will be sold to Luxembourg’s Division de la Pharmacie et des Medicaments, representing the second time the Company has received an order directly from the Luxembourg government.
All of this adds up to increased demand for end to end security, surveillance and access control. Companies that have any dealing with the cannabis sector, whether directly dealing with the plant and processing/sales or as ancillary services and supplies, ex: hydroponics, testing equipment, etc. all need heightened security.
Hardcar Security transports cannabis products and cash in California for the medical and recreational marijuana industry. Due to the risk involved, Hardcar operates more like a military operation than a transport company, Todd Kleperis, CEO of Hardcar Security, said.
Trucks are unmarked, armor-plated and equipped with bulletproof glass. Most drivers are former military veterans, travel armed, and take different routes to minimize risk.
“We want to make sure that when people see our trucks, they don’t know if its product or cash. I don’t even want them knowing what our trucks look like,” said Kleperis.
This has opened the doors to a whole new industry for the security-surveillance sector. Companies the likes of DirectView Holdings, Inc. (OTC:DIRV), who specialize in security-surveillance systems and services, are seeing an almost exponential growth in calls for their business offerings.
DirectView Holdings, Inc. (OTC:DIRV), a company focused on ownership and management of leading video and security technology companies, today announced that DirectView is concluding what has been a very productive attendance today, on the final day of Cannabis Conference 2019. The conference brings industry stakeholders together to engage the biggest opportunities and challenges facing the legal cannabis market. The conference is being regarded as one of the Company’s most productive conference to-date.
Management is happy to report that DirectView received over 50 follow up requests related to DirectView’s security, surveillance, and access control solutions. A majority of the follow up requests are related to DirectView’s custom-tailored solutions for the cannabis industry. One notable follow up request came from a state university interested in testing DirectView’s surveillance cameras for certification in the cannabis industry. Other follow up requests were received individuals and businesses in the retail, hospitality, and agricultural industries. Management made note that its attendance at Cannabis Conference 2019 yielded new and exciting opportunities stemming from various other industries outside of the cannabis industry.
Roger Ralston, CEO and Chairman of DirectView, stated “Today is the last day of Cannabis Conference 2019. With DirectView’s premium booth space, management has had to the opportunity to speak with individuals and businesses not soley in the cannabis industry, but from various industries. Many are requesting follow-ups, including a state university interested in testing and certifying DirectView’s security, surveillance, and access control equipment for official cannabis industry use. Cannabis Conference 2019 has been such a productive conference for Directview, likely our most productive conference to date. The great thing about DirectView’s security and surveillance products is that they can be used in every industry. A good anology is that DirectViews products and services are very much like a utility, most every business has a need for our security and surveillance products and services. DirectView will be attending other industry specific conferences in the near future to showcase our offering to a wide variety of verticles. Once we attend our final day, today at the conference, we’ll pour over our notes and follow up with these exciting new inquiries and potential clients.”
DirectView Holdings, Inc. (OTC:DIRV) announced that it plans to address certain requirements by leasing a new multipurpose facility in the Dallas, Texas area. The new facility is planned to contain a showroom for customers, a training facility for clients and employees, a call center for technical support and sales, a distribution office, warehouse space for inventory and shipping, and additional sales and management offices.
Demand is being driven on two fronts: individual companies and state/nation regulators… a two for one deal. Roger Ralston, CEO and Chairman of DirectView Holdings, Inc. (OTC:DIRV), is taking the company to new heights by leveraging his experience and adaptability to this burgeoning sector.
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