The cannabis opportunity.
Chart sources: Deloitte, Anne Holland Ventures Inc, Biarne Capital.
Payment gateway revenue is correlated to cannabis product spend.
The cannabis payment marketplace has evolved with many small players.
Elavon, an industry leader processing US$100m+ per month had to pull out of the market in April-19 due to compliance issues. This has created a significant opportunity for SDZ.
Targeting a single, achievable and lucrative pain point
Cannabis companies are willing to invest time and money into improving their payment services. With industry margins falling in 2018, every 1% saved has a material impact.
SDZ infrastructure is suitable for all controlled substances
Cannabis companies have the greatest need, but pharmaceuticals are a natural progression. Proof of concept and market scale will lead to new industry applications.