BEND, OR , May 02, 2017 (GLOBE NEWSWIRE) — Signal Bay, Inc. (SGBY) a biotech company with three subsidiaries; EVIO Labs, Signal Bay Services and Signal Bay Research, provides analytical testing, advisory and research services to the legal cannabis industry throughout the United States would like to take this opportunity to provide shareholders with an update on the Signal Bay Services division.
Signal Bay has recently completed application submissions for clients in Pennsylvania, Texas, and multiple jurisdictions in California. The company has an excellent track record of clients successfully navigating the cannabis business application process and has helped clients attain multiple cultivation, processing and dispensary licenses in Nevada, Oregon, California and Maryland; and has advised clients in Massachusetts, Texas, Pennsylvania, and Hawaii.
The application process in most states is a highly rigorous process that typically requires a business plan, extensive operating plans that cover topics ranging from employee training and security to environmental and community impacts, as well as demonstration of compliance with local ordinances. The application responses ensure that the team is qualified to meet each state rules, which are put in place in part to meet the federal government’s standards for “strong and effective regulatory enforcement systems.”
Currently the company is accepting new clients to assist with medical marijuana applications in Ohio, Arkansas, and California. Cultivation applications are now being accepted in Ohio with large facility cultivation licenses due by June 16. Arkansas will begin accepting cannabis business applications in July. Several jurisdictions in California are currently, or will soon, open application windows.
Lori Glauser, COO of Signal Bay Inc. and President of the company’s Services division stated, “With dozens of winning applications under our belt, Signal Bay has become a trusted advisor for clients who come back to us to apply in additional states. Some of our clients