Novus Acquisition and Development Corp (NDEV)

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I hope this PR will help alleviate some of the angst about the company's plans on serving the medical marijuana industry: I don't have anything to add other than I know I've also read a much more detailed plan on specific coverage for specific charges but I won't post that PR today....maybe someone else can post it.....so for what it's worth:

Novus Initiates Medical Cannabis Worker's Comp Package

Accesswire AccesswireNovember 2, 2016

Recreational Users Will Become Medical Users

MIAMI, FL / ACCESSWIRE / November 2, 2016 / Novus Acquisition and Development, Corp. (OTC Markets: NDEV), the nation's first healthcare insurance carrier/aggregator in the medical cannabis sector demonstrates how their MedPlan will capture market share of recreational users and convert them to medical users in California.

With the impending approval of Proposition 64 in California, Novus has put into operation, through their insurance subsidiary WCIG Insurance Services, Inc., a supplemental Workers Compensation Program that will include medical marijuana for patients in the State of California.

How the MedPlan was derived was based on the Workers' Compensation Insurance Rating Bureau's Actuarial assessment, that workers' compensation premiums in California continue to grow at double-digit rates. The state's workers' comp written premium accounts for more than a quarter of the U.S. total, but only 12 percent of America's workforce, according to the report. Additionally, to make matters worse, the California coverage compares poorly with the rest of the nation

How does California's workers' comp and Novus' supplemental medical marijuana insurance coverage benefit patient and employers interests? Four principal factors: a) California has the highest permanent disability claims in the nation with an inherent on going pain management crisis, b) the state has among the highest claims in terms of medical costs, c) it has a high cost of delivering insurance benefits and; d) another driver of California's higher premiums is the state's medical treatment costs.

How we approached solving the problem is by implementing a supplemental workers compensation program with Novus' infrastructure with California marijuana dispensaries. Then instrumentally delivering a supplemental worker's compensation plan will ease insurers and employers burdens by allowing Novus to procure, in network, a consortia of physicians that will take in patients, generate more medical marijuana recommendations for the protocol for pain management and other aliments to ease suffering. What makes this of value for insurers and employers is that California worker's compensation premiums will decrease losses because medical marijuana and Novus premiums are affordable.

Once the ballot initiatives in California is approved under Proposition 64 Novus will take advantage of three areas a) the abatement of taxation for medical marijuana cardholders b) many doctors are approving medical cannabis and writing recommendation forms for patients because of, c) the opioids crisis, many California doctors are writing less prescriptions for opioids and combining it with medical cannabis for pain management. The end result will be that Novus will get an increase in patient/member signups from the overlapping of recreational users that become medical users under this program.

The graphic below shows the percentile range and the overlying of cannabis users in medical (33%) versus recreation (55%) users, coinciding with worker's comp claims, which is estimated at 12%.

View photos
NDEV 2nd Quarter Financial Filing: http://bit.ly/2cJ3Efj

About Novus

Novus Acquisition & Development Corp. (NDEV), through its subsidiary 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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