Amercanex Electronic Cannabis Market Continues to Progress

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Wholesale cannabis trading platforms are beginning to emerge as the industry moves towards more transparency that accompanies legalization.  One of the pioneers is Amercanex, which has the backing of several Wall Streeters and has extended its operations into California after originally launching in Colorado. The platform is now processing transactions covering 100-150 pounds per week.

Amercanex sells seats, which now cost $10,000 according to CEO Steve Janjic. Initially, the seats had sold for $2500. Dixie Brands owns one of those seats and is also an equity investor.  CEO Tripp Keber believes that the platform will help it distribute is premium marijuana infused products more efficiently. While it’s early in the development of wholesale platforms, the Amercanex advisors and management team, with considerable experience in traditional commodities, appear to be making progress.

Read Brian Louis’ “Some Wall Street Vets Are Betting On a Weed Exchange”:

Published by NCV Newswire
NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

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