- 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://ibn.fm/t0l3j) 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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