- Despite
ongoing federal disdain for cannabis market, state-by-state efforts
driving $9.2 billion industry with $47.3 billion outlook
- NUGL’s
new search platform exceeded company’s expectations during first month
since launch, gaining followers on social media daily and hundreds of
company profiles
- NUGL’s
search engine drives beyond location, allows brand and service searches
without granting any favored status
Despite the U.S. federal government’s reluctance to legalize
cannabis over the past several years or even encourage its use in scientific
research, the medical marijuana industry has grown state-by-state and in other
countries, along with a burgeoning acceptance of recreational marijuana use to
such a point that consumers have become acquainted enough with cannabis to
develop preferences for specialty strains and outlets. That consumer
development parallels growing diversification within the cannabis industry, as
companies step forward to fill a variety of service and product needs, and
that, in turn, has created a niche for an enterprising cannabis industry search
engine company named NUGL Inc. (OTC: NUGL).
NUGL bills itself as the world’s first cannabis search app
built for the people, by the people. Its search platform is an efficient
Firebase-built web app that its visionary team designed to link users not only
to select dispensaries, but to the ever-growing network of ancillary services
and branded products, including types of flowers, edibles, vapes and
concentrates, which can be searched for wherever they may be located for
purchase without biased results.
“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,” Chief Technology Officer Jeff Odle stated in a news
release announcing NUGL’s expansion into the cannabis market (http://ibn.fm/6sFSG).
“We have an edge over the competition. Everyone is fighting
over the dispensaries and charging large sums of money for a simple listing. 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,” Chief Marketing Officer Ryan Bartlette
added.
NUGL was able to develop its web app quickly and design it
to talk to Apple and Android app stores, giving it a running start at
recognition in the B2B and B2P arenas. The company’s online user base and
number of listings has grown at a pace surpassing expectations during the first
month since its launch, drawing on a variety of marketing methods ranging from
direct contacts to social media proselytization (http://ibn.fm/TT9HC).
“We are determined to grow the user base while expanding the
company’s listings and profiles at the same time. It is a chicken before
the egg scenario,” Bartlette stated. “NUGL is reaching thousands of users,
hundreds of claimed profiles and is growing on both fronts daily. The NUGL
Instagram has reached approximately 10,000 followers in one month and seems to
have no end in sight.”
Arcview Market Research and BDS Analytics estimate that
legal cannabis sales reached $9.2 billion in the United States last year, and
the market is expected to explode to $47.3 billion by 2027 (http://ibn.fm/i8AUi). As the
reach of NUGL’s app grows, the company gains a heightened sense of what
cannabis consumers need and how to help them meet those needs. The company has
added advanced filtering that allows users to search for the distinct features
of greatest interest to them, and NUGL plans to launch its biggest feature yet
in the coming weeks — an integrated menu with sharing capabilities.
The company serves international markets with no
geographical limitations and provides a variety of revenue streams to help
businesses build their profits.
For more information, visit the company’s website at http://ibn.fm/NUGL
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