An American Insurer For Medicinal Marijuana Chooses Romania

5 months ago

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The American company Novus Acquisition & Development, a provider of Medical #Marijuana insurance, wants to expand to 15 new markets, including Romania.

Novus Acquisition & Development Corp (NDEV)

Novus Acquisition & Development Corp. is a service provider that targets the healthcare component of the medical marijuana industry. The company provides #Health insurance and related insurance solutions within the industry in states where legal #Cannabis programs exist. They also seek to provide physicians’ education programs, business development services, and pharmaceutical research and development services within the industry.

A Short Video On How Novus Works.


Source

The Miami, Florida company is preparing the international expansion of Novus MedPlan, providing insurance, to reduce the costs associated with marijuana and cannabidiol treatments. "The world applauds Canada, who writes history of cannabis, but also the global market in general as countries approve medicinal cannabis, despite the geopolitical uncertainties two years ago. Currently, there are 30 nations where cannabis is legal in one form or another and Novus has identified 15 markets where it can benefit from the first-come-first-time benefit." according to the company.

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Among the 15 markets analyzed by Novus are #Romania, Germany, Great Britain, Poland, Italy, Switzerland and Australia. The Romanian legislation allows the cultivation of marijuana for technical, medical, scientific, but also industrial / food purposes, as well as its medicinal use, but only with the consent of the ministries of Agriculture and Health, the procedures for obtaining and maintaining the authorizations being strictly regulated. Imports and exports of cannabis are also permitted under Law 339/2005 on the Legal Status of Plants, Drugs and Psychotropic Substances and Preparations.

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Note:

  • Medicinal #Marijuana is legal in Romania, but you go to prison if you use it. Although the law allows sick people to treat cannabis, the state places a high wall of bureaucracy and disinterest between them and their health !
  • Authorities do not distinguish between industrial hemp and medicinal cannabis, they do not even know what that is! Meanwhile, some die !

References & Photos / Profit.ro / bloomberg.com /

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Medicinal #Marijuana is legal in Romania, but you go to prison if you use it. Although the law allows sick people to treat cannabis, the state places a high wall of bureaucracy and disinterest between them and their health !
This seems to be the case in most countries that legalized medical use of MJ. It looks like it only brings more confusion to law enforcement and makes it really hard for the people to actually get to use it for medical reasons...
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It is a legislative hole!