- Investing in cannabis and cannabis support services
- Cannabis Strategic brings expert medical advisor onboard
- Cannabis Strategic acquires Asher House Pet CBD brand
As lucrative as the budding cannabis market promises to be, the business of providing goods and services to cannabis companies is likely to be much larger, which is why Cannabis Strategic Ventures, Inc. (OTC: NUGS) has adopted its present strategic position (http://nnw.fm/CY9c5). Every consumer dollar spent on recreational or medicinal cannabis will likely generate income of several more for the thousands of firms in the support ecosystem that will inevitably develop around the retail industry. Two principles are at work here. The first is the circular nature of the economy, which ensures that income always equals expenditure. Since there are always at least two parties to a transaction, every dollar spent by one is a dollar received by another, thus providing income for that counter-party. Moreover, as Keynes pointed out, a dollar initially spent goes much further than just the next person, for the spending never stops, and so a spending multiplier operates throughout the economy.
Cannabis shops and dispensaries don’t save all the cash they receive from customers. Suppliers must be paid and so too must the professionals and operatives who supply support services to the industry. As the buck gets passed, it generates income – five times as much, a recent study suggests – some of which Cannabis Strategic Ventures is…
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