- Investing
in cannabis and cannabis support services
- Cannabis
Strategic brings expert medical advisor onboard
- Cannabis
Strategic acquires Asher House Pet CBD brand
As lucrative as the budding cannabis market promises to be,
the business of providing goods and services to cannabis companies is likely to
be much larger, which is why Cannabis Strategic Ventures, Inc. (OTC: NUGS) has
adopted its present strategic position (http://ibn.fm/JWycS). Every consumer dollar spent on
recreational or medicinal cannabis will likely generate income of several more
for the thousands of firms in the support ecosystem that will inevitably
develop around the retail industry. Two principles are at work here. The first
is the circular nature of the economy, which ensures that income always equals
expenditure. Since there are always at least two parties to a transaction,
every dollar spent by one is a dollar received by another, thus providing
income for that counter-party. Moreover, as Keynes pointed out, a dollar
initially spent goes much further than just the next person, for the spending
never stops, and so a spending multiplier operates throughout the economy.
Cannabis shops and dispensaries don’t save all the cash they
receive from customers. Suppliers must be paid and so too must the
professionals and operatives who supply support services to the industry. As
the buck gets passed, it generates income – five times as much, a recent study
suggests – some of which Cannabis Strategic Ventures is poised to capture. The
company provides financial and administrative support services to cannabis
businesses, and it’s planning to offer recruitment services, as well. The
company’s mission is to help cannabis entrepreneurs grow their businesses by
successfully navigating the ultra-stringent regulations, licensing requirements
and tax issues they must face.
Pegged at $9.2 billion in 2017, the legal cannabis market in
the U.S. is expected to hit $47.3 billion a decade later, according to
estimates compiled by Arcview Market Research and BDS Analytics and reported in
Forbes (http://ibn.fm/HZc5r).
That 18 percent CAGR will undoubtedly boost ancillary industries, such as
marketing, legal services, accounting, janitorial services and information
technology support, among others. Data from research firm New Frontier Data
indicates that almost 300,000 legal cannabis jobs will be created by
2020 (http://ibn.fm/FRahb).
Cannabis Strategic Ventures is beefing up its resources and
its services. In August, the company announced the appointment of Robert H.
Cohen, M.D., a highly respected cannabis researcher, to the position of medical
advisor (http://ibn.fm/ayCnD).
His purview will include R&D for Halo Filters, a patent-pending, 50-state
legal product that reduces the levels of harmful chemicals, heavy metals and
other toxins in cannabis smoke while maintaining palatability and cannabinoid
levels, as well as other CBD-related brands. Cohen, who has a medical degree
from The Chicago Medical School, is a cosmetic surgeon and research scientist
with a background in neurophysiology. He has completed a fellowship in
reconstructive surgery and has been involved in FDA clinical studies as a
sub-investigator for several drug trials. Cohen has been studying the
properties of cannabis for over a decade with the goal of developing skincare
and other therapies, and, as a result, holds patents in several related fields.
Also in August, Cannabis Strategic Ventures announced its
acquisition of The Asher House Pet CBD brand from The Asher House LLC (http://ibn.fm/S9X3q). Under the
terms of the acquisition agreement, Cannabis Strategic Ventures will acquire
controlling interest in the Asher House Pet CBD brand, a line of U.S.
hemp-derived cannabidiol (CBD) supplements for pets that continues to gain
national attention. The agreement between the companies calls for Asher House
to continue promoting the Asher House CBD brand nationwide while Cannabis
Strategic provides the infrastructure to support enhanced marketing programs
and the expected increase in product sales.
For more information, visit the company’s website at www.CannabisStrategic.com
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