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NxGen Brands, Inc. Announces Partnership with Digital Supply Chain and Blockchain Developer to create a Proprietary Cloud-based Framework for Delivery Services and Licensing to MJ Dispensaries Nationwide
NxGen Brands, Inc. Announces Partnership with Digital Supply Chain and Blockchain Developer to create a Proprietary Cloud-based Framework for Delivery Services and Licensing to MJ Dispensaries Nationwide.
About this update from Nxgen Brands Inc.
[{"type":"text","content":"\n\n\n\nNxGen Brands, Inc. Announces Partnership with Digital Supply Chain and Blockchain Developer to create a Proprietary Cloud-based Framework for Delivery Services and Licensing to MJ Dispensaries Nationwide\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nNxGen Brands, Inc. Announces Partnership with Digital Supply Chain and Blockchain Developer to create a Proprietary Cloud-based Framework for Delivery Services and Licensing to MJ Dispensaries Nationwide\nThe Global Medical & Recreational Legal Marijuana Market Size Is Expected to Reach USD 73.6 Billion By 2027; The US Will Account for About 73% Of the Global Cannabis Dispensing Market In 2024\nPR Newswire\nFT. LAUDERDALE, Fla., Jan. 12, 2021\n\n\n\nFT. LAUDERDALE, Fla., Jan. 12, 2021 /PRNewswire/ -- NxGen Brands Inc. (OTC: NXGB) (\"NXGB\" or the \"Company\"), is pleased to announce that it has partnered with a digital supply chain & blockchain developer to allow the Company to enter into the rapidly growing U.S. cannabis dispensary delivery services market. The partner, Bengala Technologies LLC, is a nationally recognized developer in this field located in West Palm Beach, Florida.\nThe partnership with Bengala Technologies LLC (https://bengalatech.io), will allow the company to deliver its own proprietary brands of flower and Leafywell™ products, and will allow it to create a national network to provide delivery services for dispensaries across the country. The  sale and  delivery for recreational and medicinal cannabis is projected to see explosive growth through 2027 reaching $73.6B, and this transaction allows the Company to be at the forefront of the projected wave.\nA cannabis dispensary delivery provider must adhere to multiple local, state and national regulations, including licensees, transportation and delivery requirements. The blockchain digital supply chain technology apps to be developed for the Company will address these issues and allow the Company  to be compliant and adhere to the regulations across all national...