Business
Novus Cannabis MedPlans to Accept Credit Cards for Policy Payments
Novus Cannabis MedPlans to Accept Credit Cards for Policy Payments.
About this update from Novus Acquisition & Development Corp.
[{"type":"text","content":"\n\n The Solution to Blockage Projected to Strengthen Cash Flow MIAMI, FL, June 11, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE --Novus Acquisition and Development, Corp. (OTC Markets: NDEV), through its wholly-owned subsidiary WCIG Insurance Services, Inc., a diversified insurance entity in health, liability, annuity and accident, and, the nation’s first carrier/aggregator offering a cannabis health plan, is pleased to announce that this coming September, Novus Cannabis MedPlan will begin accepting credit cards for policy payments.  For years management has been searching for a processor to provide transactional ACH/credit cards as opposed to collecting checks through the mail. After being shut down by banks and/or merchant providers in the past, Novus has finally established a relationship with Authorize, a leading credit card processing platform. The Company’s workaround strategy, being that we don’t touch or sell the plant, we provide insurance benefits to patient/members and this appears to be satisfactory.We are witnessing relaxing banking policies thanks to the effort of The SAFE Banking Act of 2019 (The Act) introduced by U.S. Senator Bob Menendez, a senior member of the Senate Banking Committee. Notwithstanding the denial from the inflexible banking system due to the threat of being prosecuted under federal law, this has not the stopped Novus’ progress in the booming cannabis industry, but it certainly helps by reducing as many regulatory impediments as possible.   Novus’s Chief Executive Officer, Frank Labrozzi, states, “It’s about obtaining banking services that most other businesses take for granted. We are handcuffed by regulatory, advertising and banking; it’s like going into a prize fight with one arm tied behind your back.  This Act is a testament to the cannabis industry showing its maturity and moving forward as it should operate as normal legitimate businesses.”We invite you to do your due diligence here:  2019 1Q Filing: Click HereExec Summary: Click HereQuote: Click HereWebsite: Click HereInvestor's Page: Click Here How Insurance Companies are Evaluated: Click Here  About NovusNovus Acquisition & Development Corp. (NDEV), through its subsidiary WCIG Insurance, prov...