Business
NUGL Expands into $9 Billion Emerging Cannabis Market
NUGL Expands into $9 Billion Emerging Cannabis Market.
About this update from Nugl, Inc.
[{"type":"text","content":"\nLOS ANGELES, Sept. 11, 2018 (GLOBE NEWSWIRE) -- via NetworkWire – NUGL Inc. (OTC: NUGL) (the “Company”), the cannabis industry's new standard of technology, today announces the expansion of its global marketing campaign to include a highly sought-after category - cannabis brands and accessories, which is estimated to be a $9 billion market and growing.\n NUGL’s user-friendly cannabis search app is designed to respond to the specific needs of the cannabis industry and its consumer base. Adding cannabis brand categories to NUGL’s profile listings allows brands to make connections with dispensaries, which means branded products can now be highlighted at all locations where they are available for purchase. “This is one of the core competencies of why we built NUGL. The brand search is truly unique, and we feel it is the best and only one of its type in the industry,” said Jeff Odle, CTO of NUGL.  The NUGL Business-to-Business application is one of - if not the most - robust software apps now being offered to assist brands and services in marketing and sales efforts. Cannabis connoisseurs and newbies alike will find NUGL’s cannabis brand search function intuitive and responsive, now giving users the ability to search for name brands, types of flower, edibles and more. Cannabis brands are becoming more prominent in the industry as discriminating cannabis users become more loyal to the type of cannabis products they choose. Forbes Magazine states, “Within consumer products, the emergence of dominant brands has been primarily centered around non-flower products: concentrates and vapes, edibles, and other ingestible in particular.” These profiles give users and cannabis industry professionals a much larger rolodex with better search and networking capabilities. “We have an edge over the competition. Everyone is fighting over the dispensaries and charging large sums of money for a simple listing,” said Ryan Bartlette, CMO of NUGL “We have a much broader client base by expanding profiles far beyond dispensaries to include brands and services. The industry is growing and relatively untapped, so we will market to all of it.” In 2017, U.S. legal cannabis sales were estimated at $9.2 billion by Arcview Market Research/ BDS Analytics. The organizatio...