Novus Acquisition & Development Corp. (Symbol NDEV), a Nevada corporation, is an insurance carrier and/or aggregator of cannabis health plans.
Novus business model is first to market that fills a vital role in the U.S. and Canadian legal cannabis and hemp market place by establishing cost-savings plans and health plans developed around hemp, CBD, cannabis, dental, vision, hearing and other healthcare products and services for patients and businesses internationally.
First Mover Advantage
Being a “First Mover” gives Novus the competitive advantage of being first to market and has established its brand recognition and customer loyalty before other competitors begin to move into this particular cannabis sector. As it is often the case Novus’ “First Mover Advantage” has allowed the company to consistently maintain the lion’s share of the market.
Unlike conventional insurance carriers, the Novus' program offers significant cost-savings on legal cannabis meds and other supplemental health plans with no restrictions. Conflicting federal and state laws surrounding this burgeoning industry have been a source of widespread confusion, which has caused conventional health insurance companies to continue to refuse coverage of hemp (CBD), medical cannabis (THC), and alternative/ integrative treatment options for patients.
Novus’ cannabis health insurance business model is unique taking the deficiencies of the Affordable Care Act, Canadian Socialized Healthcare and integrating supplemental plans that include legal cannabis meds.
Novus has a head start in the this health insurance sector mainly for three reasons:
- Since cannabis is legal only on the state level many major insurance carriers will not jeopardize their multi-billion Federal Medicare/Medicaid contracts in this sector.
- Many major insurance carriers will not approve meds that have not been approved by FDA.
- And, major carriers much rather acquire market share than create it, giving Novus that jump start on market procurement.
Health insurance is expanding rapidly, internationally it will grow from $1.2 trillion to $3.7 trillion by 2020, and Novus will be there gaining marketshare. Novus continues to strengthen its position in the health insurance and legal cannabis marketplace with solid relationships with providers leaving few necessary resources for potential rivals.
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