DENVER, CO / ACCESSWIRE / September 25, 2018 / United Cannabis Corporation (OTCBB: CNAB) (the "Company" or "United Cannabis") today announced that its Joint Venture (the "Joint Venture" or "UCANN/CRD"), which is 50% owned with Jamaica-based Cannabis Research & Development ("CRD"), has received conditional approval of its license to cultivate, process, transport and conduct research on cannabis within Jamaica.
Earnest Blackmon, Chief Executive Officer of United Cannabis, commented on the announcement, "This is a monumental milestone for the Company; this approval provides us with ability to establish a licensed facility from which we can manufacture our medical cannabis Prana products for distribution approved markets around the world."
Products covered under this license include the Company's complete Prana Bio Nutrient Medicinal line as well as its industrial hemp products; CBD-Infused Water, Prana P5 Hemp Bio Nutrient Capsules, Aromatherapy Roll-On and Sublingual Drops.
Blackmon went on to say, "Jamaica will be a significant hub for United Cannabis. This August we began clinical trials on our Prana Bio Nutrient Medicinal P1 Capsules which we expect will provide us with significant data as we proceed with our efforts to establish Prana products as an FDA-compliant line. This license gives us the ability to oversee all aspects of our production, from seed cultivation through production, something we are not currently able to accomplish in the United States."
