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Cannabis Strategic Ventures, Inc. (NUGS), headquartered in Los Angeles, California, is focused on supporting entrepreneurial growth within the fast-growing legal cannabis sector. Through a selective portfolio of subsidiaries, Cannabis Strategic Ventures offers outsourced personnel solutions tailor-made to match the growth dynamics of cannabis cultivators, manufacturers, dispensaries and other cannabis marketplace participants. The company also pursues investment opportunities in the areas of real estate,
cultivation, extraction, distribution, packaging, dispensary operations, and branded products within the cannabis space.
The legalization of adult-use sales in California is expected to create nearly 99,000 cannabis industry jobs in the state by 2021, representing about a third of all cannabis jobs nationwide, and 146,000 jobs overall when indirect and induced efforts are considered, according to Arcview Market Research. By 2021, direct cannabis industry employment will top 291,500 FTE jobs, with
a total employment effect of nearly 414,000 FTEs across all legal cannabis states, according to the report.
Investment Considerations:
- U.S. cannabis market growing at an accelerated rate with industry analysts projecting a $50 billion marketplace by 2026
- Investments into cannabis ventures expected to grow 1,308%, reaching $100 billion by 2029
- Through subsidiaries like BudHire™, company is uniquely positioned to fully capitalize on burgeoning need for outsourced personnel solutions for the cannabis sector
- Job postings within the cannabis industry increased by 445% in 2017, an explosive change from the 18% year-over-year cannabis jobs growth in 2016
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