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Novus Acquisition and Development Corp (NDEV)

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Last Post: 12/2/2016 5:04:26 PM - Followers: 79 - Board type: Free - Posts Today: 0

Novus Acquisition and Development, Corp. (OTC Markets: NDEV),

the nation's first healthcare insurance carrier in the medical cannabis field and property and casualty sector, today announced its completed health coverage footprint for medical marijuana (MMJ) in California.

Novus' revolutionary MMJ health plan now covers approximately 110 cities across the state with its relationships with 20 dispensaries. For a complete list of cities and coverage, please visit:
http://www.getnovusnow.com/nmg/california.

 

Frank Labrozzi, Novus' Chairman and Chief Executive Officer, stated, "This milestone of our Provider Network (dispensaries and/or delivery services) in 100+ cities in California is significant representation of how we built our health insurance infrastructure. The Golden State represents 50% of the cannabis market with close to 1,000,000 registered patients averaging over $300 per month per cannabis transaction. Achieving this significant task puts Novus in a position of no longer turning down any patients for not having a Provider to service their geo-region."

With Proposition 64 on the ballot this November, all signs are pointing to a 60% approval by California voters. With a GDP of $2.5 trillion per annum, California has the economy that ranks eighth in the world, with marijuana being one of the biggest businesses. An approval would have a tremendously positive impact on Novus, as Proposition 64 imposes an excise tax on retail sales of recreational marijuana at 15% of sales price, and state cultivation taxes on marijuana of $9.25 per ounce of flowers and $2.75 per ounce of leaves resulting in a total retail sales tax of over 20%. However medical marijuana patients will receive an exemption on the taxation leaving Novus patient/members savings of 45% -50% on their monthly med purchases, based on $300 per month, with a minimum annual saving of $1,620 per patient. Drawing consumers ever so closely to medical benefit packages that Novus possess.

Novus Acquisition & Development Corp. (NDEV), through its subsidiary Novus Medical Group, Inc. and WCIG Insurance, provides health insurance and related insurance solutions within the wellness and medical marijuana industries in states where legal programs exist. Novus has positioned itself to gain market share within many lines of insurance business within and outside of the MMJ sector.



 
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#2267   Novus- will write policies in 50 states MIKE18181 12/02/16 05:04:26 PM
#2266   Somehow I just don't see this happening. BornAtNight 12/01/16 12:16:20 PM
#2265   Buy on the dips! RationalOptimist 11/23/16 03:56:57 PM
#2264   Future looks bright for NDEV. RationalOptimist 11/23/16 03:55:47 PM
#2263   Interesting article here ... http://www.newsmax.com/Newsfront/cannabis-market-sh Damyth 11/23/16 01:56:20 PM
#2262   NDEV- this is what they wrote (MGMT) MIKE18181 11/17/16 11:15:20 AM
#2261   nice quarter and just begun revenues purring in LINDSAY2010 11/17/16 08:27:59 AM
#2260   NDEV- Read 100 million letter of credit. MIKE18181 11/16/16 04:19:28 PM
#2259   RE: Wait , let the MMS take down MIKE18181 11/16/16 03:59:35 PM
#2258   Ok Frank! Sounds great!! We'll all put Magnetics 11/16/16 10:44:10 AM
#2257   Second Wave of Marijuana Wealth Has Already Begun LINDSAY2010 11/16/16 08:24:21 AM
#2256   I posted soon after this started moving up BornAtNight 11/15/16 03:48:43 PM
#2255   Market maker Manipulation of NOVUS MIKE18181 11/15/16 12:04:14 PM
#2253   im holding until we go get listed on LINDSAY2010 11/13/16 08:24:07 AM
#2252   NDEV bullish 0.26295 stocktrademan 11/11/16 02:44:36 PM
#2251   all mj stocks fell but today big buying time LINDSAY2010 11/11/16 01:44:27 PM
#2250   Show me one MJ stock that didn't fall baz124 11/11/16 01:31:06 PM
#2249   NDEV: Only MMJ that can sell in every state. remind2 11/11/16 11:33:23 AM
#2248   all weed stocks taking a major hit.........either hold LINDSAY2010 11/11/16 08:25:56 AM
#2247   NDEV, show us the Insurance policies signed MIKE18181 11/10/16 11:38:22 PM
#2246   No CEO guidance again at NDEV MIKE18181 11/10/16 03:04:48 PM
#2245   NDEV- Is it a LEGIT company.? MIKE18181 11/10/16 11:50:48 AM
#2244   NDEV- Not going well( erased it all) MIKE18181 11/10/16 11:40:04 AM
#2243   Overseas markets may be down, but the S&P, RationalOptimist 11/09/16 09:58:34 AM
#2242   Correction: Does Not go up SELL ! MIKE18181 11/09/16 09:19:46 AM
#2241   If NDEV does go up today SELL!@ MIKE18181 11/09/16 09:16:34 AM
#2240   NDEV- got what it wanted too.(buy! MIKE18181 11/09/16 09:14:57 AM
#2239   6 states approve 3 more likely too Tryan2 11/09/16 12:14:31 AM
#2238   buying time mj are hotter than hell LINDSAY2010 11/08/16 12:41:46 PM
#2237   Interesting! sell off.(ndev) MIKE18181 11/08/16 11:06:46 AM
#2236   Longs??? What longs? Unless you mean Magnetics 11/08/16 09:52:45 AM
#2235   $NDEV Pump & Dump myopinion 11/08/16 09:18:30 AM
#2234   Where do you find info on votes...can we yaadmon 11/07/16 05:48:25 PM
#2233   I just don't get it. I can't BornAtNight 11/07/16 05:09:14 PM
#2232   This is it ladies and gents Longs will enjoy baz124 11/07/16 03:57:07 PM
#2231   new high coming get in before epic run LINDSAY2010 11/07/16 02:06:37 PM
#2230   green here comes the breakout LINDSAY2010 11/07/16 01:46:37 PM
#2229   Let her rip!!! This is gonna be the baz124 11/07/16 01:45:13 PM
#2228   "or less" now that's believable. Insurance?? Magnetics 11/07/16 10:43:25 AM
#2227   This whole sector is so freakin hot it's RationalOptimist 11/06/16 05:31:54 PM
#2226   Has anyone done any DD on this company? Alan Brochstein 11/06/16 02:23:18 PM
#2225   legalization of marijuana in 9 states tuesday. more LINDSAY2010 11/06/16 07:51:38 AM
#2224   Insurance (ndev), this stock will be .80 in MIKE18181 11/06/16 01:44:46 AM
#2223   NDEV CEO did an interview with a well-known Stock Steward 11/05/16 10:58:52 PM
#2222   Exactly! No one else is willing to call Alan Brochstein 11/05/16 10:54:56 PM
#2221   Bulish on NDEV, all the way to the Stock Steward 11/05/16 10:49:37 PM
#2220   good luck to all, NDEV poised for a Stock Steward 11/05/16 10:45:47 PM
#2217   Dug deep like yours GhostTrain 11/05/16 02:48:07 PM
#2216   So, You think NDEV will back to 2 MIKE18181 11/04/16 11:28:12 PM
#2215   This company is a joke. Hold it only Alan Brochstein 11/04/16 10:56:04 PM
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