CannabisNewsBreaks – Cannabis Strategic Ventures Inc. (NUGS) Issues Update Following Milestone Cannabis Decision by House Judiciary Committee

November 21, 2019 10:32:40

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

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

NOTE TO INVESTORS: The latest news and updates relating to NUGS are available in the company’s newsroom at

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)

For more information please visit

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published:

Do you have a questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
Denver, Colorado
303.498.7722 Office

CannabisNewsWire is part of the InvestorBrandNetwork.