Kush Bottles Inc (OTCMKTS:KSHB) Expands To Meet Marijuana Industry Demand

Kush Bottles Inc (OTCMKTS:KSHB) is one of the top companies benefiting from the spike in demand for marijuana created by the recent commencement of the legal sale of recreational marijuana in Nevada on July 1. This event, and its consequences can be characterized as a microcosm of what is to be expected as each state, or country follows suit. This trend puts Kush Bottles Inc in a favorable position.Kush Bottles, Inc. is a dynamic sales platform that provides unique products and services, including certified, child-resistant packaging for marijuana, for both businesses and consumers in the cannabis industry. Founded in 2010 as a packaging and supplies company for dispensaries and growers, Kush Bottles has sold more than 100 million units and now regularly services more than 4,000 legally operated medical and adult-use dispensaries, growers, and producers across North America, South America, and Europe. The company has facilities in the three largest US cannabis markets and a local sales presence in every major US market. Kush Bottles aims to be the gold standard for responsible and compliant products and services in the cannabis industry.In anticipation of the rapidly growing legal cannabis market in Nevada, Kush Bottles expanded its sales and support team to handle the increase in demand. According to ABC News, recreational marijuana sales in Nevada have exceeded expectations, with long lines outside dispensaries, when Nevada became the fifth state with dispensaries selling cannabis to the public on July 1, 2017. According to the Associated Press, more than 42 million tourists visit Las Vegas every year for business and pleasure. Nearly two of every three recreational marijuana purchases in the state are expected to be made by tourists. Those 21 and older with a valid ID can buy up to one ounce of cannabis, which must be sold in certified, child-resistant packaging.On June 13, 2017, Kush Bottles, Inc announced today the U.S. Patent Office has approved a patent for a unique customizable mechanism on one of its best-selling child resistant packaging products. The patent covers the configuration of the Company's child-resistant tube, which enables characters and three-dimensional branded icons to be attached to the container lids. This unique feature gives the product a competitive edge, as customers can further brand their packaging in a way that stands out from the crowd. Over 4,000 producers, processors, and retailers in the wholesale/B2B market for both legal medical and adult use are serviced by Kush Bottles, Inc. The Company has one of the largest product libraries in the cannabis industry, with distribution spanning across 28 states and Canada. All products have sophisticated labeling and customization capabilities to support the brand marketing strategies of cannabis businesses. Mr. Nicholas Kovacevich, Chief Executive Officer of Kush Bottles, commented:

"As in any consumer product sector, brand marketing is a core means for our clients in the cannabis industry to differentiate themselves from their competition. Our packaging solutions are tailored to allow our clients to maintain their brand integrity, while also providing a safe and reliable product which complies with the stringent requirements of the state in which they are operating. We aim to be the gold standard for responsible, customized branding and packaging and are pleased to acquire this patent to support our rapid growth."

Kush Bottles, Inc announced on May 9, 2017, its acquisition of the web domain Roll-uh-Bowl.com, an online distribution platform for retail sales of collapsible and unbreakable medical-grade silicone water pipes used for smoking marijuana. Roll-uh-Bowl.com sees an average of 39,500 web users per month. The online distribution platform will expand the Company’s presence to online retail consumers and brings added cross-selling opportunities to the Company’s brand.Kush Bottles, Inc also announced on June 21, 2017, the opening of a new Product Development and Genomics Lab to develop and produce innovative terpene formulations. Terpenes are produced naturally in plants and trees, and are used worldwide in a variety of products such as fragrances, flavors, and biofuels.

KSHB stock has been trading upward for about the last month on higher than average volume. The stock is currently trading $2.28 a share. The most recent quarterly financial reports for the period ending May 31,2017, show a steady increase in revenues and a positive balance sheet. Current market capitalization stands at $138.28 million, on 58.53 million shares outstanding as of July 17, 2017. Companies that produce and sell marijuana will require the correct certified packaging for their products. Consequently, Kush Bottles Inc is in the position whereby the demand for its product will grow commensurate with the growth of the industry as a whole. While individual marijuana producing companies will come and go as the industry grows, the industry itself will remain. And there will always be a need for marijuana packaging products. We will be updating our subscribers as soon as we know more. For the latest updates on KSHB, sign up below!Image courtesy of 420News_Report via FlickrDisclosure: We have no position in KSHB and have not been compensated for this article.