Cannabis
Strategic Ventures Inc. (OTCQB: NUGS) this morning issued an update
applauding House Judiciary Committee members for taking a significant step
toward the legalization of the cannabis market through the passage of the
Marijuana Opportunity Reinvestment and Expungement Act of 2019 (“MORE Act”),
which will now move to the House for full consideration. “The ramifications of
this bill bring excitement to the cannabis industry,” Simon Yu, CEO of Cannabis
Strategic Ventures, stated in the news release. “Removing federal legislative
obstacles brings tremendous opportunity in scaling the cannabis industry and we
applaud the members of the House Judiciary Committee for their actions.” If
passed into law, the MORE Act is expected to serve as a foundation granting
cannabis cultivators fair treatment under the law by providing access to
infrastructural resources, including the banking system.
To view the full press release, visit http://ibn.fm/lU7U3
About Cannabis Strategic Ventures
Cannabis Strategic Ventures is on a mission to shape the
cannabis industry by striving for constant evolution in products, process, and
people. The Los Angeles-based company incubates, develops and partners with
category leaders within the cannabis and ancillary sectors. As one of the
largest publicly traded cannabis cultivators in the United States, the Cannabis
Strategic Ventures portfolio includes NUGS FARM, a 6-acre greenhouse operation
with full cultivation, manufacturing and distribution licenses; Asher House
Wellness a is a line of ingestible Pet CBD products that contains a broad
spectrum of beneficial hemp; The Cloud is a dispensary, cultivation, and
manufacturing facility located in the heart of downtown Los Angeles. 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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