Sueling Ching

March Networks Wins Best Ottawa Business Award for Sales Performance

Posted by Jay Bartlett November 26, 2019 9:49 am Categories: Corporate News. Tags: march networks, Net Payne, Peter Strom, Sueling Ching.

March Networks announced that it has won the 2019 Best Ottawa Business award for sales performance. March Networks won the Best Performance Sales award for its record-setting revenue and profitability, accomplished in part by the sale of its video surveillance solutions to the cannabis market. Capitalizing on the cannabis industry’s rapid growth in both Canada and the United States, March Networks secured two of the world’s largest cannabis companies.

How An Innovative Control Room Can Help Secure The Budding Cannabis Market

It’s no secret that the cannabis industry is growing. Numerous states across the United States, from California to Maine, have legalized recreational cannabis, with 33 total states allowing cannabis for medicinal uses. And it’s not just the United States that’s seeing this trend: Canada’s official legalization of recreational cannabis took effect last October. This growth is leading to incredible opportunities in the industry, with the global market valued at $10.3 billion in 2018 and projected to reach $39.4 billion by 2023. This market opportunity expands far beyond the companies that directly deal with the cannabis plant, with numerous adjacent businesses on track to experience benefits.