Cannabis Strategic Ventures Inc. (NUGS) Expands Portfolio with Cannabis Brands around the World
- The cannabis industry is currently a $10 billion market and is expected to increase its economic vitality in coming years
- Cannabis Strategic Ventures recently acquired Worldwide Staffing Group, which works within the company as a wholly and separately owned subsidiary, adding to its staffing capabilities
- An increased demand for staffing within the burgeoning cannabis industry could prove beneficial for Cannabis Strategic Ventures’ influence in the market
Cannabis Strategic Ventures Inc. (OTC: NUGS), a publicly traded corporation that cultivates and partners with brands around the world to build category leaders within the cannabis and CBD marketplace, is utilizing a diverse approach to create profitable opportunities across all corners of the market. While primarily outsourcing personnel solutions, the company also seeks investment opportunities in real estate, cultivation, extraction, distribution, packaging, dispensary operations and branded products within the cannabis marketplace.
The future of cannabis is booming, and the $10 billion industry is attracting businesses of all types. Companies ranging in products and services from energy efficiency technology to health and wellness are trying to create inroads into this lucrative market, which has yet to meet its demand. Cannabis Strategic Ventures has multiple irons in this fire, each well-positioned to take advantage of this opportune time in the cannabis and hemp industry.
Primarily, the company is focused on supporting the growth of entrepreneurs in this industry. It has made strategic acquisitions, in turn offering outsourced personnel solutions informed by the latest growth trends in the cannabis market. Cannabis Strategic Ventures supports all members of the cannabis market, including cultivators, manufacturers and dispensaries. The company offers mentorship and other important services to young and existing cannabis brands seeking to find staying power in the industry.
Most notably, Worldwide Staffing Group, a separate wholly owned subsidiary, works within Cannabis Strategic Ventures to provide non-cannabis-related employment and staffing services. The latter company aims to continue growing its business operations further into the cannabis staffing area, especially focusing on the California markets, where adult recreational cannabis use has been legalized.
This legislation has been estimated to create nearly 99,000 cannabis industry jobs in the state by 2021, which will represent a third of all cannabis jobs nationwide, according to Arcview Market Research. Additionally, worldwide consumer spending on legal cannabis (http://nnw.fm/a7zQD) is “projected to reach $57 billion by 2027, with adult-use cannabis making up the majority of spending at $38.3 billion.” Cannabis Strategic Ventures believes that this demand for staffing in the industry will work in its favor, and its acquisition of Worldwide Staffing Group, which logged approximately $1.5 million in 2017 revenues, only amplifies its robust industry presence.
For more information, visit the company’s website at www.CannabisStrategic.com
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