DENVER – United Cannabis Corporation (OTC: CNAB) (the “Company” or “United Cannabis”) now announced that it has initiated distribution in the Cayman Islands for its patented Prana Hemp goods as properly as hemp-derived extracts.
In November 2016, Cayman Islands Governor Helen Kilpatrick authorized modifications to the Island’s Misuse of Drugs Law, enabling for the “use of cannabis extracts and tinctures of cannabis for healthcare or therapeutic purposes, exactly where prescribed by a healthcare medical professional licensed in accordance with the Wellness Practice Law as element of a course of therapy for a individual below that healthcare doctor’s care.”
Nevertheless, as industrial cultivation and processing are not at the moment permissible on the Cayman Islands, goods ought to be imported from registered importers who have been issued a permit by way of the Wellness Solutions Authority.
Earnest Blackmon, Chief Executive Officer of United Cannabis, commented on the announcement, “Demand for cannabis and hemp-derived goods continues to develop inside the Cayman population, as properly as the surrounding Caribbean islands. Given that the regulatory infrastructure does not presently enable for domestic production, we recognized a genuine chance for United Cannabis to supply our Prana Hemp goods to sufferers in this industry.”
Blackmon went on to say, “At this time we are meeting this demand by way of production right here in the United States, on the other hand, I anticipate this will shift to our Jamaica facility as it comes on the internet.”
About United Cannabis Corporation
United Cannabis Corporation is a biotechnology business committed to the advancement of cannabinoids for healthcare applications and is developing a platform for designing targeted therapies to improve the good quality of life for sufferers about the planet. The Enterprise develops, produces and distributes proprietary cannabis-centric goods and technologies, which includes its patented solution brand, Prana Bio Nutrient Medicinals, and has established a powerful presence in the hemp-derived CBD industry, with a state-of-the-art develop, processing, testing and production facility in Colorado. United Cannabis also licenses its intellectual properties relating to the legalized development, production, manufacture, advertising, management, utilization and distribution of healthcare and recreational marijuana and marijuana-infused goods. Most importantly, United Cannabis is generally driven by its underlying mission to support folks in discomfort.
United Cannabis trades on the OTC below the symbol CNAB.
For additional facts, please stop by www.unitedcannabis.us.