- Job
growth in cannabis industry rose 44 percent in 2018, outpacing other
sectors in job market
- Subsidiary
BudHire uniquely positioned to capitalize on growing need for outsourced
personnel solutions
- Legal
cannabis spending worldwide expected to increase from $20.1 billion in
2018 to $43.3 billion in 2022 and $63.5 billion in 2024
Cannabis Strategic Ventures Inc. (OTC: NUGS), a Los
Angeles-based cannabis firm, is moving swiftly to secure footholds in various
sectors of the booming cannabis industry. Economists note that job creation in
the cannabis industry is beginning to roll out massive numbers on both the
recreational and medicinal sides, with 64,389 new positions added in 2018.
That’s a 44 percent increase on the previous year, making it the
fastest-growing job sector in the country right now, as an article in Forbes points
out (http://ibn.fm/ImSyx).
Supporting this rapidly growing industry is the prime
strategy of Cannabis Strategic Ventures. Among the company’s subsidiaries is
the aptly-named BudHire, an outsourced employment service specifically designed
to meet the needs of growing cannabis-related business operations. Research
conducted by Glassdoor shows that cannabis job openings are increasing rapidly,
with 1,512 open in the U.S. during December 2018 – a 76 percent increase over
the same period in the previous year. More than 50 percent of those jobs are
for professional and technical workers from a variety of fields, Glassdoor
found (http://ibn.fm/BsmkE).
Cannabis Strategic Ventures and BudHire utilize a proven
recruiting formula to match the most qualified candidates to a broad spectrum
of cannabis-related jobs. Under the BudHire brand, Cannabis Strategic Ventures
offers temporary, seasonal and permanent staffing solutions, as well as
professional employment organization services and human resources consulting to
the cannabis industry (http://ibn.fm/3mqL3).
The legal status of cannabis continues to evolve, with
several legislative bodies in numerous U.S. states taking up the issue. In
recent days, legislators in New Jersey shelved a bill that would legalize
adult-use cannabis, while a legislative law committee in Connecticut approved a
plan that would establish a framework for the sale of cannabis products (http://ibn.fm/qAFHS).
Legislators in New York are still discussing the issue. So far, 10 U.S. states
have now legalized the recreational use of cannabis, while another 34 have
approved its use for medicinal purposes.
For Cannabis Strategic Ventures, staying ahead of the curve
includes cultivating and partnering with category leaders in the cannabis and
CBD (cannabidiol) markets. The company’s portfolio of subsidiaries also
includes:
- The
Asher House Wellness, a producer of high-quality ingestible CBD oil
products tailored for pet consumption;
- Fitamins,
a producer of sports performance products derived from phytocannabinoids,
hyaluronic acid and MSM;
- LYXR,
a line of luxury skin care products derived from hemp CBD and other
dynamic ingredients with hydrating, regenerating and anti-aging properties;
- Halo
Filters, a developer of industry-leading filters made of patent-pending
materials that reduce harmful chemicals and protects the lungs; and
- Pure
Applied Sciences Inc., whose offerings under the Pure Organix brand
include a line of high-quality, organic, cGMP- and FDA-compliant cannabis
oils.
Recently, Cannabis Strategic Ventures announced that it has
secured a $3 million investment to fast-track corporate expansion. The company
obtained this investment from Triton Funds subsequent to a forthcoming S1
registration statement (http://ibn.fm/73h9c).
This financing is expected to enable Cannabis Strategic Ventures to hasten its
business priorities associated with cannabis cultivation operations in
California and the expansion of existing portfolio brands.
For more information, visit the company’s website at www.CannabisStrategic.com
NOTE TO INVESTORS: The latest news and updates
relating to NUGS are available in the company’s newsroom at http://ibn.fm/NUGS
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