Why cannabis could be a key part of Shopify’s growth
The cannabis industry is growing at a fast pace, and one company that could stand to benefit a lot is Shopify (NYSE:SHOP). While it doesn’t sell or grow any cannabis, many companies are using the platform for online pot sales.
HIGHLIGHTS
- Shopify expands platform to U.S. to sell CBD
- In Canada, Shopify has already been the platform of choice by many cannabis companies and it has been used by government-run websites as well.
- Getting into cannabis is an easy way for the company to grow its business over the short and long term, and it’s certainly going to be less costly than getting into fulfillment.
