The consulting and technology sector is not sexy or glorified like the cultivation and dispensary sector, why do you think that is? Isn’t there a direct correlation between consulting, technology, cultivating, and dispensaries? If you are excited about investing in cultivating and dispensaries, shouldn’t you be even more excited about investing in consulting and technology?
Yes. Do you want to own 10 cannabis licenses or invest in a firm provides solutions and data to all stakeholders of cannabis compliance risk? The bank, regulatory agency, insurance firm, property landlord and others will need to know the risk of a cannabis license. Adherence Compliance provides the solution. Some have called us the first credit or FICO score of the cannabis industry.
Why do you think the consulting and technology sector holds opportunities for investors? Is there less risk?
We are in the infancy of cannabis technology, but it is exciting. Adherence is implementing blockchain for its Government & Financial Services clients, so we are quite advanced compared to others. Automation is the key to the cannabis industry to increase margins. We automate the most complex area of cannabis, which is regulatory and financial compliance.
It starts at $1 billion and increases as the cannabis market grows. We are a data company. We are an acquisition target due to the data we have from thousands of compliance inspections. Data is the new currency in the cannabis industry. Adherence is the de-facto leader in cannabis operational data and statistics.
What is the estimated market size for consulting and technology in the cannabis sector, domestic and international?