CANNAINVESTOR Magazine March / April 2017 - Page 30

Regulatory Compliance

One main area that gave management concerns is that:

1. Being public and operating under auspices of a federally controlled substance, and/or;

2. Being construed as a facilitator to put buyer and seller together of a Schedule 1 Controlled Substance

Novus overcame this obstacle by hiring the top marijuana law firm in the country Vicente Sederberg, this firm help construct the laws and ordinances in many states where cannabis is legal. They reviewed our business model and wrote Letters of Opinion in relation to the risk and non risk insurance plans. And today we are operating with confidence.