United Cannabis Corporation (OTCQB:CNAB) announced that Jamaica’s Ministry of Health has registered its Prana P5 Hemp Bio Nutrient Capsules, Aromatherapy Roll-On and Sublingual Drops, and approved production start in Jamaica.
As quoted in the press release:
ThroughCaribbean Research & Development Limited (CRD), the Company now has approval in a legal market to research, cultivate, manufacture, and distribute its CBD-based products in Jamaica and reciprocal countries, giving United Cannabis and CRD immediate means to revenue. The Company has begun to secure facilities, hire and train staff and establish necessary contacts. The Company expects to commence production within 90 days.
Additionally, management believes the ability to produce in Jamaica provides United Cannabis with a real competitive advantage beyond the United States; it enables the Company to access other markets. Countries that allow the purchase of hemp-based products from Jamaica currently include Canada, Australia and New Zealand, and the Company has begun pursuing strategic partners and customers in those markets.
The approval includes the hemp-derived CBD-based formulations from the Company’s full cannabis-centric product lines. United Cannabis’ aromatherapy roll-on collection is a holistic, solvent-less botanical transdermal oil made from ratio-specific whole plant cannabis oil, cannabis-derived terpenes, almond oil, wild arnica, lavender flowers, juniper berry, and roman chamomile. Patients have found these products effective in treating arthritis, neuropathy, acute pain, joint aches, muscle tension, muscle spasms, muscle recovery, migraines, and various skin conditions.