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American Cannabis Company, Inc. Announces Approval for Suitability by Colorado's Marijuana Enforcement Division (MED) and Provides Company Update
American Cannabis Company, Inc. Announces Approval for Suitability by Colorado's Marijuana Enforcement Division (MED) and Provides Company Update.
About this update from American Cannabis Company, Inc.
[{"type":"text","content":"DENVER, CO / ACCESSWIRE / October 7, 2020 / American Cannabis Company, Inc. (OTCQB:AMMJ) ("ACC" or "Company"), a full-service business-to-business cannabis and hemp consulting solutions provider, is pleased to announce its approval for suitability by Colorado's Marijuana Enforcement Division (MED) as well as providing an overall update on the Company.Awarding of Colorado MED Suitability LicenseOn September 18, 2020, Colorado's Marijuana Enforcement Division (MED), approved the Company's application for suitability, establishing the Denver-based company as one of the few publicly traded companies authorized to acquire and operate various cannabis licenses throughout Colorado, in both the recreational and medical markets. The approval is essential in ACC's plans to effectively implement its growth strategies for company acquisitions and to expand into cannabis operations throughout the state.The Company has been evaluating numerous turn-key Colorado opportunities in anticipation of potential acquisitions for 2020, including cultivation operations, product manufacturing operations and retail dispensaries. The Company is working diligently to align its available liquidity with the right Colorado acquisition opportunities. Terry Buffalo, Chief Executive Officer of American Cannabis Company commented, "We are excited to finally be able to pursue license ownership opportunities in our own backyard here in Colorado, which is especially important as we pivot from a full-service cannabis consulting firm to a national cannabis brand."Overall Company Update The Company is also pleased to provide an overall update on its progress year-to-date. The following information describes the Company's experience, current work and future plans as it positions itself as a reputable and established brand within the regulated markets.Anticipating the need to adopt to the ever-changing landscape of the industry, the Company made several internal adjustments to maximize business efficiencies. Mr. Buffalo commented, "The first part of this year was all about focusing on our long-term growth. We streamlined many of our processes, reconfigured roles internally, and in turn created significant cost savings, the effects of which we should see in Q4. These changes have been significant, and we hope to be abl...