Now legal for medical and recreational usage in 23 states and the District of Columbia, cannabis is one of the fastest growing industries in the country, generating billions in annual revenues. Wisdom expects the strong trend to continue for at least five years, and intends to capitalize on the company’s knowledge of the industry.
Aligning itself with leading technology and services, Wisdom (which will develop a new name within 60 days) has chosen a product, Cannastrips, cannabis infused oral strips, which releases a controlled dosage of cannabis, for which the company intends to execute a licensing agreement with Canna Delivery Systems, Inc.
Says Pakulis: “The cannabis industry is now evolving very fast. Billions of dollars are now invested in the space. Combining that with a better understanding of the regulatory environment will result in, among other things, nationally recognizable brands. These brands will have quality ingredients with superior packaging providing the consumer with consistency and reliability, which we believe is provided with Cannastrips.” ##
(Image credit: Wisdom Homes of America)
