Acology Inc (OTCMKTS:ACOL) Revenues Surge Following Elections
Acology Inc (OTCMKTS:ACOL) posted that its quarterly revenues have surged considerably from the same period last year. The surprising presidential election results can help firm’s U.S. made products and services gain increased traction than was earlier projected.
The Trump Administration has disclosed publicly that American sales organizations and manufacturers would get preferential treatment. A big percentage of the packaging items that are currently utilized in the U.S. cannabis industry is from China and other nations, which could face stringent tariffs under the new administration. Acology’s signature item, The MedTainer™, is 100% made and sold in the U.S. The company plans to use this benefit against other foreign-manufactured and inferior peers’ items.
The national elections marked a positive referendum for the cannabis market with 8 more states favoring legalization of recreational or medicinal cannabis products. With this progress, the total number of states legalizing marijuana have reached to 26.
California is Acology’s home state, and is the biggest winner with prospective tax revenues reaching into the billions as more authorizations are approved and operators rush to move in the growing industry. The location advantages are obvious, both in the sales volume and the increase of new vendors recorded in the past year. The firm has aggressively taken a leading position as the chief packaging-solution in this rapidly growing industry.
Acology, in its association with Kush Bottles Inc (OTCMKTS:KSHB), one of the leading container suppliers in the industry, is well positioned to progress with other strategic associates in making the evolution to safe, publicly accountable packaging. In the last 3 years Acology has extended into 20 nations and is completing sales of 3 million units.
In the last trading session, the stock price of Acology jumped 0.08% to close the week at $0.00360. The gains came at a share volume of 2.48 million compared to average share volume of 18.21 million.© Copyright 2016 OTC News Magazine. All rights reserved.