Many are looking for technological innovation, which has allowed the tech sector to grow rapidly over the years. For the future, enterprises are going to be trying their best to lead the sector with new technologies to make things more efficient and to become stronger competitors. Take for instance, the cloud. The cloud is expected to have significant growth and has the possibility of increasing in market size from $70 billion to over $250 billion. The cloud, along with many other technological features that we have not even discovered yet, are looking to grow very rapidly in years to come.
mCig Inc (OTCMKTS:MCIG) is a unique company because they implement two highly growing sectors: technology and marijuana. mCig, Inc. aims to be the number one distributor in technology and services for the marijuana industry. Thanks to the company’s sales approach, MCIG is able to partner with multiple companies and distribute their products throughout various channels and sub-distributors. These channels and sub-distributors reach as far as the United States, Europe, United Kingdom, and Asia. Here are some of the products, services and technologies that mCig offers: security services, software and information technology, consulting services, financing, and more. Their main product, however, is their CBD Vape lines and CBD products.
On Monday morning, mCig Inc (OTCMKTS:MCIG) announced the release of Powered by MCIG CannaPods 2.0 and 2.0 XL. Just a couple months after the finishing of their Master Distributor Deal with CannaPods, MCIG has proved themselves once again to be committed to the marijuana industry. MCIG CannaPods are expected to begin delivering in 4-6 weeks. The tiniest CannaPod can hold eighty plants and has the potential to “make $100,000 in yearly yields while the fully stocked, two-tier 2.0XL can generate upwards of $400,000 yield based on an estimate of $2,200 per pound.” As a result, MCIG opened at $0.0302 and rose 7.8% to a high of $0.0324 on Monday.
“One of the fastest growing segments in the Cannabis Industry is the need for full solution grow equipment, and CannaPods are an affordable and easily installed answer to those needs,” CEO Paul Rosenberg stated. “As we were building relationships with growers of all sizes, we recognized that most medicinal and legal recreational states are allowing individual growers to remain players in the space. Partnering with CannaPods through a Master Distributor Agreement allows us to appeal to experienced growers as well as new players in the industry with the MCIG CannaPods 2.0 and 2.0 XL. MCIG also offers various equipment, consulting, and technology for growers to further enhance their investment.”