Business
Novus Capitalizes on Cannabis Rescheduling, Releases Q1 2026 Growth
Novus Capitalizes on Cannabis Rescheduling, Releases Q1 2026 Growth.
About this update from Novus Acquisition & Development Corp.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Novus Capitalizes on Cannabis Rescheduling, Releases Q1 2026 Growth\r\n \r\n \r\n\r\n\r\nNovus Capitalizes on Cannabis Rescheduling, Releases Q1 2026 Growth\r\n\r\n\r\n\r\n\r\n\r\n10 Years of Future-Proofing Its Business Model for This Exact Moment\r\nMIAMI, FL - May 12, 2026 (NEWMEDIAWIRE) - Novus Acquisition & Development Corp. d/b/a Novus Cannabis MedPlan (OTC: NDEV), a pioneer operating as a Specialized Cannabis and Traditional Health Insurance Carrier, today announced its Q1 2026 financial highlights during a landmark era for the industry.\r\nNovus is currently demonstrating fiscal stability and operational efficiency as the federal shift to Schedule III starts to mitigate the 280E tax impact. The company maintains its market leadership through WCIG Insurance Service, Inc., its wholly owned subsidiary, by effectively incorporating medicinal cannabis coverage into a conventional insurance plan framework. This strategy employs a reimbursement strategy to integrate cannabis-related perks into the broader medical ecosystem, while simultaneously creating a new revenue channel for cannabis industry verticals.\r\nOperational & Infrastructure Readiness:\r\n\r\n Infrastructure Longevity: Since 2015, Novus has operated a durable nationwide health carrier framework and has built an expansive national network within the cannabis industry. Its multifaceted portfolio of insurance benefit plans - ranging from supplemental and discount to guaranteed coverage - is expertly structured to integrate with a variety of external health insurance carriers and wholesalers.\r\n Distribution Power: Driven by a favorable shift in the regulatory landscape, many industry professionals are re-entering the insurance market, expanding the Novus multi-channel ecosystem to over 5,000 agents and brokerage firms. This expansion gives us immediate access to more than 15,000 individual agents and a cumulative reach of millions of prospective policyholders across the group, individual, and Medicare sectors.\r\n \r\n Q1 2026 Financial Foundation Highlights:\r\nReview All Past Financial Filings: Click Here\r\nNovus is transitioning cannabis from the 'retail shelf' to the 'benefits ledger.' By owning insurance receivables rather than depreciating assets, NDEV offers a high-margin, non-cyclical entry point into the new era of alternati...