Licenses Provide Company and its Affiliates Entrance to the Las Vegas Market for Cannabis and Related Products
Denver, CO / ACCESSWIRE / November 11, 2014 / United Cannabis Corp. (CNAB) (the "Company" or "United Cannabis") today announced that its wholly-owned subsidiary, UC Nevada LLC, is the managing partner and minority shareholder in a group that has received provisional licenses for the cultivation, production and processing of cannabis in Clark County, Las Vegas, Nevada.
UC Nevada intends to commence operations as soon as possible. In keeping with the Company's mission to advance the safe and effective use of cannabis-derived medicine, management will implement its best practices in planning, procedures, governance and patient care in all aspects of the Nevada operation. UC Nevada LLC has already procured and received zoning approval on a 22- acre, secure facility which will serve as headquarters for the Nevada operation, and has begun the process of obtaining the necessary local business licenses.
Once UC Nevada has established the proper infrastructure, cultivation and production facilities, the Company and its affiliates will be able to offer their products and services to licensed dispensaries in the Las Vegas market. These include United Cannabis' Advanced Cannabinoid Therapy Program, or A.C.T. Now, and their patent-pending Prana Bio Nutrient Medicinals, which are already being offered in Colorado.
Tony Verzura, the Company's Chief Technical Officer, commented on the announcement, "I am so pleased that Nevada's Department of Health and Human Services saw fit to make our A.C.T. Now Program and Prana Medicinals accessible to patients in Las Vegas. I am contacted everyday by patients hoping to incorporate our protocols in their therapy, but cannot because they live outside of Colorado. These licenses enable us to offer broader access to medical cannabis for patients battling illness."
According to the Marijuana Policy Project, Nevada's medical marijuana legislation contains reciprocity provisions, which recognize patients from other states where medical marijuana is permitted, as long as those states' programs are substantially similar to the requirements under Nevada law. With an estimated 39.7 million visitors last year, according to the Las Vegas Convention and Visitors Association, Las Vegas is already one of the most visited destinations in the world. Many people believe Nevada's reciprocity stipulation will add to Las Vegas' popularity, making its decriminalization one of the most anticipated in the country.
United Cannabis' Chief Operating Officer, Chadwick Ruby, went on to say, "Nevada legislation is leading the way for patients who rely on medical cannabis as part of their therapy, but who are essentially prohibited from traveling beyond the borders of their state. These licenses represent a significant opportunity for United Cannabis, not only enabling us to provide access to our products to Nevada residents, but also to patients traveling from across the country, and we welcome the opportunity to serve them."
About United Cannabis Corporation
United Cannabis Corporation was founded to advance the use of cannabinoids in medicine through research, product development and education. The Company is dedicated to improving the lives of patients through the creation of products using only the highest quality genetics, purest extractions and most effective protocols possible. The Company's A.C.T. Now Program and patent-pending Prana Bio Nutrient Medicinals provide a comprehensive solution, designed to enable physicians and patients to design, implement and monitor effective therapy protocols.
For further information, please visit www.unitedcannabis.us
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.
SOURCE: United Cannabis Corporation