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Why Is United Cannabis Corp (OTCMKTS:CNAB) In Focus?

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United Cannabis Corp (OTCMKTS:CNAB) reported that Jamaica’s Ministry of Health has listed its Prana CBD-Infused Water as a medical cannabis offering. The Prana Water will be produced and distributed by the firm’s Jamaican subsidiary unit, Cannabinoid Research & Development Limited.

The details

CRD has already started preliminary work to commence manufacturing of other United Cannabis offerings in Jamaica, counting its Aromatherapy Roll-On, Sublingual Drops and Prana ‘P5’ Hemp Bio Nutrient Capsules. This nod strengthens the firm’s competitive benefit by providing it access to other markets, including Australia, New Zealand and Canada, which are permitted for the purchase of hemp-based offerings from Jamaica.

The Prana Collection is at the focus of United Cannabis’ cannabis-centric therapies and people have found the hemp-based Prana CBD-infused formulations effective in offering relief from the indications of acute pain, joint aches, arthritis, neuropathy, muscle recovery, migraines, muscle tension, muscle spasms, and different skin conditions.

Earnest Blackmon, the CEO of United Cannabis, stated that acceptance of medicinal cannabis has been significantly faster in Jamaica as compared to the United States, and they established Cannabinoid Research & Development so that they could be a part of the commercialization procedure. Their production facility is advanced and they anticipate their CBD-infused water, and other approved offerings, will be ready for distribution by the close of the month.

Cannabinoid Research & Development, a subsidiary unit of United Cannabis, is a Jamaican based firm pursuing local licensing to develop the application of medical cannabis therapies via biomedical R&D for the nutraceutical industry.

The firm focuses on cannabinoid isolation techniques, genetic restoration, educational programs, and scientific research and promotes domestic job prospects. John Sayers and Kenyama Brown, local Jamaican executives and directors of CRD, together with Jamaican associates specializing in plant-based and agricultural science medicine, will assist United Cannabis implement Sayer’s extensive years of agricultural processes into localized educational curriculums, job training plans, and assist with integration of localized products.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of journaltranscript.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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