- As its
range of media and tech activities grows, NUGL is working to expand its
internal operations
- The
company has recently acquired two cannabis industry magazines and has
launched its own culturally-based NUGL Magazine
- NUGL
is creating the first of its kind specialized community that will help
cannabis industry entities connect with each other
To fuel better marketing efforts and to support sales, NUGL
Inc. (OTC: NUGL), the cannabis industry’s new standard of technology, has
expanded its internal operations, according to a company press release (http://ibn.fm/j4WPJ). The move
is also intended to support the company’s newly launched NUGL Magazine.
As a part of the expansion, the company hired five new
consultants who will be responsible for managing content distribution,
increasing the effectiveness of the company’s online presence and overseeing
national advertising sales.
Additionally, NUGL has announced several new marketing and
sales positions. These include a regional sales representative for Los Angeles,
a national sales representative and a digital marketing manager to monitor and
expand the company’s online presence.
NUGL CMO Ryan Bartlette said that the company is growing
fast and the monetization of this growth will begin in November 2018. Following
the acquisition of Nichols Publishing Company and its two magazines at the
middle of October, and the launch of the NUGL Magazine, the company will work
on enhancing its digital footprint.
The new NUGL Magazine will cover the effects of the legal
cannabis industry on everyday lives and culture. Topics from cooking to music
trends will be addressed in relationship to the mainstream acceptance of
cannabis.
Digital channels and technology are also beginning to play a
major role in the legal cannabis industry. Software for supply chain
management, artificial intelligence (AI) engines and ecommerce websites are all
shaping up the face of the cannabis industry today.
NUGL is on the cutting edge of developing organic data
analysis solutions that are focused on the cannabis industry. The company has
accepted the challenging task of creating the largest cannabis business
networking platform in the world. As cannabis ads are banned on other mainstream
social networks, NUGL’s team has seen and seized an opportunity for specialized
platform development (http://ibn.fm/3YzvC).
Currently, NUGL has its specialized search apps and an
online directory – two solutions that aim to deliver unbiased search results
through the complete elimination of paid top positioning or one-sided reviews.
Both B2B and B2C applications have been made available to enable both type of
connections within the digital realm.
Through its efforts, NUGL hopes to establish a virtual
community that serves the needs of companies specializing in the legal cannabis
sector and of consumers. Currently, this community is expanding rapidly because
of the growing number of dispensaries, vape shops, service providers, lawyers,
doctors and other brands specializing in the field.
The cannabis industry is generating a lot of interest
because of its rapid growth over the past few years. Cannabis sales are
projected to exceed $146 billion by 2025 (http://ibn.fm/l2HjO). Between 2018 and 2025, the global
marijuana market is anticipated to achieve a massive CAGR of 34.6
percent (http://ibn.fm/0iBs8).
While medical marijuana is making the bulk of the sales
right now, the legalization of recreational use in various states is also
contributing to the growth of the sector. The recreational industry is
projected to reach a volume of $8 billion by the end of 2018 (http://ibn.fm/yFNdq).
For more information, visit the company’s website at http://ibn.fm/NUGL
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