USMJ - North American Cannabis gets adult-use marijuana cultivation license in New York

• North American Cannabis ( OTCPK:USMJ ) on Tuesday said it had secured an adult-use cannabis cultivation license in the state of New York.
• The U.S. state in Feb. passed a new law to provide provisional marijuana cultivation licenses to existing hemp businesses.
• USMJ's subsidiary in March had received an invitation from the New York Office of Cannabis Management to apply for the license .
• USMJ in March had also said it had developed a plan that could add $20M in marijuana and CBD sales.
• "In light of the license, USMJ and its sister company, Puration ( OTCPK:PURA ) are reviewing current business plans and exploring an update to the existing strategy of both companies," USMJ said in Tuesday's statement .

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